The Department of Industrial Policy and Promotion (DIPP) is anticipated to launch the very last e-commerce policy soon, reportedly stated Suresh Prabhu, the minister of trade and industry and civil aviation on January 30. The minister changed into talking at an occasion organized by the Federation of Gujarat Industries.
He, in addition, introduced that the critical government will listen to the hints made by way of the World Trade Organisation (WTO), but, the e-commerce coverage recommendations will be finalized with the aid of the government.
In a bid to enhance the local business in India, the minister also announced that the critical government is seeking to introduce ‘sub-national’ – ease of doing business parameters so that you can be measure authorities reforms on the district degree.
This assertion comes in right only a day earlier than changes in the FDI policy for e-commerce are set to return into effect from February 1, 2019. The draft e-commerce policy, which turned into to start with drafted by means of industry stakeholders, become publicly announced in August 2018 by way of the Ministry of Commerce and Industry.
However, the e-commerce draft become stalled due to interministerial differences as many departments and ministries believed that the consultations passed the commerce department’s brief. In order to clarify the problems, in September 2018, the primary government had set up a panel along with secretaries across branch and ministries led by means of DIPP secretary Ramesh Abhishek. A month later, the authorities handed over the e-commerce coverage to the department.