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The E-Commerce committee headed by NITI Aayog CEO Amitabh Kant held its first meeting on Monday to discuss issues related with the sector. In the meeting, the Department of Industrial Policy and Promotion (DIPP) and IT body Nasscom gave detailed presentations to the members on fast the growing e-commerce sector, the PTI report published in TOI stated. Last month, the government had set up the committee to look into all issues, including foreign direct investment norms, pertaining to the e-commerce industry. Members in the panel include officials from Ministry of Commerce and...

To provide a level-playing field to stakeholders, the government believes there has to be a single policy for both offline retail business and e-commerce. NITI Aayog CEO Amitabh Kant said while interacting with CEOs at FICCI’s annual Retail, FMCG and E-Commerce Convention that in today’s globalized world, it has become essential for India to become a part of the global supply chain. For this, India has opened up its economy and liberalized the FDI regime. Now India features as the number one nation in attracting FDI, which has given the...

India’s three best known brands in e-commerce have come under fire from CAIT (Confederation of All India Traders) for violating the forms prescribed for FDI related entities in the company. According to the CAIT, Flipkart, Amazon, and Snapdeal have contravened the government’s FDI policy, which prevents securing investments from abroad in entities working on an inventory based model in the area, and a complaint has been made with the DIPP. One may even recall that in March this year, the government had allowed e-commerce entities to avail 100 per cent...

Apple CEO Tim Cook’s recent India visit seems to have proved fruitful for the company. Apple has gained a lot from the major policy reforms of the Indian Government in Foreign Direct Investment (FDI). After the government cleared roadblocks, Apple is expected to open up exclusive retail outlets across regions and strengthen its service support for Apple lovers in the country. Bringing major reforms in the FDI policy, the Indian government has allowed 100 per cent FDI in single-brand retail trading in the country among other sectors. The decision was...