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Govt considering to come out with certain clarifications on FDI in e-commerce sector: Goyal

10 Feb 2021 Evaluate

Amid domestic traders complaining alleged violations of FDI norms by foreign online players, Commerce and Industry Minister Piyush Goyal has said that the government is considering to come out with certain clarifications to ensure that the e-commerce sector works in the ‘true spirit’ of the law and rules.

Goyal has stated that the current FDI policy for the e-commerce sector is robust and well-designed. However, he said there are certain complaints from consumers and small retailers about certain practices of the e-commerce companies, which are under investigation. He noted that there is no change in the e-commerce policy per se. The e-commerce policy is robust, well designed and operating in India in several sectors.

The minister further said that the e-commerce companies are supposed to provide an agnostic platform so that buyers and sellers can trade with each other. He said that the buyers and sellers should be given an opportunity to trade with each other as the platform only is a service provider. He said ‘those who break that law will certainly have to respond to our concerns and correct their business practices at the earliest.’

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