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DPIIT meet: Foreign vs Indian war of words over e-commerce FDI policy

The industry has been asked to send inputs in writing within a week to the government for further consultation

Amazon, e-commerce
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Companies with significant global funding said the sector required FDI and many emerging companies including startups were looking for such inve­stments

Peerzada AbrarShreya Nandi Bengaluru / New Delhi
It was a divided house when industry representatives met government officials on Thursday to discuss the proposed e-commerce policy. Chaired by Department for Promotion of Industry and Internal Trade (DPIIT) secretary Guruprasad Mohapatra, the virtual meeting attended by more than 15 firms tur­ned out to be ‘a new FDI policy’ versus ‘a no change in policy’ debate between home-grown and foreign-owned companies, accor­ding to people in the know.
 
The industry has been asked to send inputs in writing within a week to the government for further consultation.
 
Executives representing do­mestic companies sought an amendment to the FDI policy