India reviews draft e-commerce policy after criticism
Live MintIndia is reworking proposed e-commerce rules after a draft, which had signalled a shift toward boosting domestic startups, sparked criticism, according to people familiar with the matter, who asked not to be identified as the discussions are private. Commerce minister Suresh Prabhu tweeted on 11 August that his ministry had received a “few concerns” on the draft e-commerce policy and will reach out to stakeholders to address them. The discussions may lead to an overhaul and a fresh draft e-commerce policy will be posted in a few weeks on the ministry’s website, the person said. The 19-page draft e-commerce policy, a copy of which has been seen by Bloomberg, underscored India’s intent to examine every aspect of e-commerce regulation from data localization to antitrust rules. Broadly the draft had signalled “some kind of protectionist thinking,” said Nandan Nilekani, chairman of Infosys Ltd. “It may stem from a feeling that Indian startups should be given a boost, something on the lines of the China model.” Unlike its neighbour, India has allowed Silicon Valley giants like Facebook and Google to dominate entire segments including search, social and messaging.