August 26, 2016 9:06:03 pm
An e-commerce committee headed by NITI Aayog CEO will hold its first meeting on Monday to deliberate on issues related with growth of the sector. In the meeting, the Department of Industrial Policy and Promotion (DIPP) will give a detailed presentation to the members on the fast growing e-commerce sector, an official said.
Earlier this month, the government set up the committee to look into all issues, including foreign direct investment norms, pertaining to the fast growing e-commerce industry. Members in the panel includes officials from commerce and industry ministry and department of electronics and IT among others.
Representatives from six states including Maharashtra, Karnataka, Assam, Punjab and Madhya Pradesh are also attending the meeting as some e-commerce firms are facing taxation related problems in few states.
As per the current policy, 100 per cent FDI is allowed through automatic route in the marketplace format of e-commerce retailing in March. As per the guidelines, FDI has not been permitted in inventory-based model of e-commerce.
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