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TMI BlogEfforts by Ministry of Commerce & Industry for convergence of interests of E-Commerce & Physical RetailersX X X X Extracts X X X X X X X X Extracts X X X X ..... Efforts by Ministry of Commerce & Industry for convergence of interests of E-Commerce & Physical Retailers X X X X Extracts X X X X X X X X Extracts X X X X ..... erce and Industry Minister, Piyush Goyal, along with Ministers of State, Hardeep Singh Puri and Som Parkash, held an interactive session till late evening yesterday with e-Commerce companies to discuss ways to bring about convergence of interests of e-Commerce platforms and small retailers. The session was also an exercise by DPIIT to understand specific issues related to e-Commerce platforms, inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... luding sectors like services, food and used goods. Union Minister of Commerce and Industry & Railways, Piyush Goyal, has directed Department for Promotion of Industry and Internal Trade (DPIIT) to immediately form a committee headed by Additional Secretary in DPIIT, with representatives of Department of Commerce, Ministries of MSME, Consumers Affairs and legal experts from Government as members. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The committee will hear grievances and provide necessary clarifications on issues related to FDI in e-Commerce. Commerce and Industry Minister reiterated that the Government will ensure that small retailers and kirana shops thrive in the country. The Minister informed that Commerce and Industry Ministry is making all efforts to balance the interests of small businesses, retailers, kirana shop own ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers and e-Commerce companies, and he will again hold a meeting after a month. During the interaction, Commerce and Industry Minister said that the e-Commerce policy is work in progress and he assured that enough time will be given to all stakeholders to adapt to any changes that may be required. More importantly, the changes will be prospective and nothing will be implemented with retrospective e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ffect. He urged e-Commerce companies to always honor the spirit as well as letter of the law. Piyush Goyal also informed that the Ministry will look at ways of facilitating sale of India's handicraft and handlooms through e-Commerce platforms. He especially emphasised on export promotion through e-Commerce platforms. Commerce and Industry Minister was of the view that even as the interests of M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SMEs and other small retailers are protected, India will continue to embrace technology and digitalization to take the economy forward. The meeting was attended by India's Ambassador to WTO, J. S. Deepak, Secretary DPIIT, Ramesh Abhishek, Secretary, Department of Commerce, Anup Wadhawan and senior officers of both Departments. Founders, CEOs and other senior executives of around 25 e-Commerce com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... panies expressed their views in this interaction with the Commerce and Industry Minister. X X X X Extracts X X X X X X X X Extracts X X X X
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