Business & Economy

Goyal seeks suggestions from small traders for E-Commerce Policy

NetIndian News Network

New Delhi, June 19, 2019

Assuring all support and assistance to small traders and retailers, Union Minister of Commerce and Industry Piyush Goyal today sought suggestions from them on the E-Commerce Policy.
Speaking at a meeting with representatives of associations of Kirana stores, traders and retailers here, Goyal urged them to speak frankly and let him know all their apprehensions and fears so that the Ministry and other Government Departments could address the issues.
Hardeep Singh Puri, Minister of State of Commerce and Industry and Som Parkash, Minister of State of Commerce and Industry were also present during this interaction.
Goyal also looked at the possibilities of small stores, traders and retailers benefitting from an e-Commerce platform. He urged them to come on the Government e-Marketplace (GeM) platform which has achieved a Rs 25,000 crore turnover. GeM facilitates online procurement of common use goods & services required by various Government Departments/Organisations/PSUs. It offers traders direct access to all Government departments, among other facilities.
Representatives of the associations of Kirana stores, traders and retailers discussed the need for a level playing field and the impact of anti-competitive practices like predatory pricing and other discriminatory methods that are being faced by them from foreign competition.
Goyal reiterated that India will not allow multi-brand retail by foreign companies and on the pretext of B2B no entry will be allowed for multi-brand retail. He also asserted that predatory pricing will not be allowed and necessary action will be taken against defaulters. 
The aspect of data in the law was being addressed by the Ministry of Electronics and Information Technology (MeitY). He requested the representatives of the associations to send all suggestions for the draft e-Commerce policy in the next five days without any delay.
The e-Commerce policy will be finalized only after taking into account every suggestion received by the Department for Promotion of Industry and Internal Trade (DPIIT), he added.
Goyal urged them to make use of modern technology and avail benefits of schemes like MUDRA to improve their business, spruce up their shops, improve stocks by storing high-quality products and pass on the benefits to people employed by them.
Bringing in greater controls through rules and laws will only help up to a certain point, but for long term gain, short term pain will have to be borne and India cannot remain in isolation and will have to be part of the global value chain in order to become a $ 5 trillion economy, he added.

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