Amazon, Walmart push hard to extend FDI guidelines in e-commerce

Traders warn of nationwide stir against stretching deadline; while DIPP not in favour of extension, senior officials to mull issue after returning from Davos

E-commerce majors Amazon and Walmart are pushing hard to secure an extension of the government's February 1 deadline for the new Foreign Direct Investment guidelines, but domestic traders have threatened a nationwide campaign if this does take place.

While the Department of Industrial Policy and Promotion (DIPP) is not in favour of an extension, officials said a final call on the matter is yet to be taken.

Senior officials are currently in Davos, Switzerland, to participate in the World Economic Forum. A meeting on the matter will be held only after they come back.

"Any extension/ deferment/amendment or change in