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E-commerce FDI norms should be applied on domestic players also: CAIT

Tightening norms for e-commerce firms having foreign investment, the government barred online marketplaces from selling products of companies where they hold stakes

Press Trust of India  |  New Delhi 

fdi
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The (FDI) norms related to should be implemented on domestic online players also to restrict them from adopting any unethical practices, traders' body CAIT said Monday.

In a communication to Commerce and Industry Minister Suresh Prabhu, the Confederation of All Traders (CAIT) also urged the minister to immediately release the proposed policy for the sector.

The ministry is working on the policy and would soon come out with a draft for public views.

"The norms as spelled out in the policy should also be made applicable on domestic players as well to restrict them from adopting any unethical practices and remain at par with other players," it said.

Tightening norms for having foreign investment, the government barred online marketplaces such as and from selling products of where they hold stakes and banned exclusive marketing arrangements that could influence product price.

The Confederation also asked the minister to set up an independent regulatory authority for the sector.

Further, it alleged that certain associations are criticising the revised norms and the government should not "bow down" under any kind of pressure.

First Published: Mon, December 31 2018. 15:05 IST
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