ENA Economy 2019-02-04 10:23:38 <p><strong>New Delhi, Feb 4 (KNN)</strong> Better enforcement of FDI policy on e-commerce will contribute significantly to growth of the sector over medium and long term, said C. R. Chaudhary, Minister of State for Commerce and Industry.</p> <p>The e-commerce sector is expected to keep growing in future because of a number of reasons. The FDI policy on e-commerce has also remained unchanged, he added.</p> <p>In order to ensure due compliance with the FDI policy on e-commerce, the ministry has issued norms putting in place certain conditions. <br /> <br /> As per those conditions, an entity having equity participation by e-commerce marketplace firm or its group companies will not be permitted to sell its products on the platform run by such marketplace entity. </p> <p>E-Commerce marketplace entity will not mandate any seller to sell any product exclusively on its platform only, Chaudhary said.</p> <p>Stakeholder consultations on creating a framework for National Policy on e-Commerce with representatives from Government Ministries, Departments, Reserve Bank of India, industry bodies, e-commerce companies, telecom companies, IT companies and payment companies have been held. Issues regarding the e-commerce sector are regularly reviewed by the Government, Chaudhary said.</p> <p>Chaudhary has given this information in written replies at the Lok Sabha.</p> 21967 https://knnindia.co.in/news/newsdetails/economy/better-enforcement-of-fdi-policy-on-e-commerce-will-contribute-to-growth-of-sector-moci 2019-02-04 10:23:38 knnindia.co.in