India won't allow multi-brand retail by foreign companies, says Goyal

Commerce and Industry Minister Piyush Goyal has asked traders and retailers to send suggestions regarding the draft e-Commerce policy to his ministry in the next five days.

In a meeting with the trader community on Wednesday, Goyal also reiterated that India will not allow multi-brand retail by foreign companies.

Addressing traders’ concerns, Goyal said that no entry will be allowed for multi-brand retail on the pretext of Business-to-Business enterprise.

He said provisions regarding the data in the e-commerce policy is being addressed by the Ministry of Electronics and Information Technology (MeitY). He assured traders the e-commerce policy, currently on the anvil for more