Govt's e-commerce panel to hold first meeting on 5 September

2 Sep, 2016

E-commerce2An e-commerce committee headed by NITI Aayog CEO Amitabh Kant will hold its first meeting on September 5, to deliberate on issues related with the sector.

In the meeting, the Department of Industrial Policy and Promotion (DIPP) will give a detailed presentation to the members on fast growing e-commerce sector, an official said.

Last month, the government had set up the committee to look into all issues, including foreign direct investment norms, pertaining to the e-commerce industry.

Members in the panel include 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 issues in few states.

As per the current policy, 100 per cent FDI is allowed via automatic route in the marketplace format of e-commerce.

However, FDI has not been permitted in the inventory-based model of e-commerce.

Like this report? Sign up for our daily newsletter to get our top reports.