India to release e-commerce policy by March 2020

December 30, 2019: The government of India is planning to release the final e-commerce policy by the end of this financial year to set up legal, technological and market regulations on e-retailers. The policy draft was released in February 2019 for public scrutiny and then had gone through several communications of stakeholders.

A top official of Department for Promotion of Industry and Internal Trade said “The department has received a huge response on the draft and it is examining all the views and comments,” reports Economic Times.

The government also plans to release the new and industrial policy that was proposed in 2018 and aims to create jobs for the next two decades and attract $100 billion foreign direct investment annually by making India a manufacturing hub. This will be the third industrial policy of Independent India as the country has already seen such revisions in 1956 and 1991.