E-commerce, new industrial policies likely to be released this fiscal: DPIIT Secretary
The DPIIT is working actively on the e-commerce as well as new industrial policies, and both are expected to be released by the end of this fiscal, a top official has said.
I personally feel that both these policies will be ready by this financial year end, Department for Promotion of Industry and Internal Trade Trade (DPIIT) Secretary Guruprasad Mohapatra told PTI.
He said that the department has done several round of stakeholders’ meetings on both the policies.
The government in February released a draft national e-commerce policy, proposing setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for businesses regarding collection or processing of sensitive data locally and storing it abroad.
Several foreign e-commerce firms have raised concerns over some points in the draft pertaining to data.
The department has received huge response on the draft and it is examining all the views and comments.