India said to issue draft e-commerce policy in few weeks
India yesterday tweaked FDI norms for e-commerce in India. Photo: Aniruddha Chowdhury/Mint
New Delhi: India will announce a new draft e-commerce policy in a few weeks, a person in the government said on Thursday, a day after the country tweaked foreign direct investment (FDI) rules for the burgeoning online retail sector. The new e-commerce policy could entail provisions for a regulator in the sector dominated by US tech giant Amazon.com and home-grown Flipkart, which was bought over by retail giant Walmart for $16 billion earlier this year.
India on Wednesday introduced changes to FDI in e-commerce, banning online retail players from selling products from entities in which they have an equity interest, a move the person said was aimed at preventing anti-competitive practices. The person declined to be named as the matter was not public.
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