The Indian government has decided to set up a committee to look into all issues including foreign direct investment norms pertaining to the fast growing e-commerce industry in the country.
The committee will be headed by the NITI Aayog CEO. The other members in the panel include officials from commerce and industry ministry and department of electronics and IT among others.
Representatives from four states including Maharashtra and Karnataka are also members of the panel. Some e-commerce firms are facing taxation related problems in few states
The Department of Industrial Policy and Promotion (DIPP) has allowed 100% FDI through automatic route in the marketplace format of e-commerce retailing in March.
As per the guidelines, FDI has not been permitted in inventory-based model of e-commerce.
By Baishakhi Dutta
