A new government panel is looking at making e-commerce easier in India-- but it may be too soon to cheer for Amazon and Walmart
Jun 21, 2019, 17:28 IST
- The committee will work towards coordination across Ministries regarding e-commerce.
- The draft e-commerce policy had also spoken about ensuring “harmonious” work across ministries.
- Meanwhile, industry leaders have until June 27 to express their concerns about the policy.
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Global e-commerce giants like Amazon and Walmart, which owns India-born Flipkart,have been vying for a less choppy ride in India. The draft e-commerce policy from the Narendra Modi government has given executives from these companies sleepless nights. But in a move that may keep hope alive, the Indian government is trying to ease the function of e-commerce in the country. It has formed formed a standing Group of Secretaries under Ramesh Abhishek, the secretary for Department for Promotion of Industry and Internal Trade (DPIIT).
This committee will ensure inter-ministerial/inter-departmental coordination on resolving issues, cutting across Ministries and departments, regarding e-commerce in India, according to an official release.
After the draft e-commerce policy had been announced, Indian industry had voiced their concerns regarding the same. While foreign players not being allowed to take on multi-brand retail, domestic players do not have to comply to such regulations. Indian players like Snapdeal had also mentioned that the policy ignores inventory-based e-commerce players.
Founders of Snapdeal, Shopclues were even reported to have come together to set up a lobby for Indian e-commerce which would give the government its inputs on the policy.
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The Indian e-commerce market targeting consumers is estimated to reach $200 billion by 2026, whereas the enterprise e-commerce is expected to hit a whopping $300 billion. As of now, the country’s e-commerce industry is a mere 3% of the global market in size.