ENA Sectors 2019-02-25 05:52:07 <p><strong>New Delhi, Feb 25 (KNN) </strong>The Department for Promotion of Industry and Internal Trade (DPIIT) has invited comments and suggestions from stakeholders on the draft e-commerce policy.</p> <p>The Ministry of Commerce and Industry's arm, DPIIT, has formulated the draft e-commerce policy that aims to regulate cross-border data flow, fight piracy and counterfeiting and requires all online retailers to have a locally registered business entity.</p> <p>The draft policy seeks to provide for consideration and discussion, a policy framework that will enable the country to benefit from rapid digitization of the domestic, as well as global economy.</p> <p>The draft e-commerce policy calls for developing more data-storage facilities, data centres and server farms in India. It also favoured creating a legal and technological framework to provide the basis for imposing restrictions on cross-border data flow.</p> <p>Overall, the new draft addresses six key areas that includes data, infrastructure development, e-commerce marketplaces, regulatory issues, domestic digital economy and export promotion.</p> <p>The draft recognizes e-commerce as an interdisciplinary subject falling under the ambit of multiple ministries, departments and state governments.</p> <p>Besides, it suggested creating a Standing Group of Secretaries on e-commerce to tackle inter-departmental issues.</p> <p>The last date for submission of comments on the draft policy is March 9, 2019, said DPIIT in a notification. <strong>(KNN/YV)</strong></p> 22126 https://knnindia.co.in/news/newsdetails/sectors/dpiit-invites-comments-on-draft-e-commerce-policy 2019-02-25 05:52:07 knnindia.co.in