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27
December 2018
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E-commerce (The Total Investment & Insurance Solutions)
India will announce a new draft policy for
e-commerce in a few weeks, a source in the government said on Thursday, a day
after the country tweaked foreign investment rules for the burgeoning sector.
The new e-commerce policy could entail
provisions for a regulator in the sector dominated by U.S. tech giant
Amazon.com and homegrown Flipkart, which was bought over by retail giant
Walmart for $16 billion earlier this year.
India on Wednesday introduced changes to
foreign direct investment rules, banning e-commerce players from selling
products from entities in which they have an equity interest, a move the source
said was aimed at preventing anti-competitive practices. The source declined to
be named as the matter was not public.The
Total Investment & Insurance Solutions
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