In­dia ex­am­ines cre­at­ing reg­u­la­tor to set­tle e-com­merce dis­putes

Muscat Daily - - BUSINESS -

New Delhi, In­dia - In­dia is ex­am­in­ing the fea­si­bil­ity of set­ting up a reg­u­la­tory author­ity to set­tle dis­putes re­lated to e-com­merce, a top gov­ern­ment of­fi­cial said, amid a rag­ing bat­tle be­tween big on­line re­tail­ers and mom-and­pop stores.

The pro­posal be­ing con­sid­ered comes af­ter small traders ap­proached the gov­ern­ment with al­le­ga­tions of preda­tory pric­ing and deep dis­count­ing by Ama­zon.com Inc and Wal­mart Inc. They al­lege that the US gi­ants are pric­ing them out of the mar­ket.

“We are ex­am­in­ing the need for a reg­u­la­tor to look into ecom­merce is­sues once the pol­icy is im­ple­mented,” Gu­ruprasad Mo­ha­p­a­tra, sec­re­tary of the De­part­ment for Pro­mo­tion of In­dus­try and In­ter­nal Trade, told Bloomberg News in an in­ter­view in New Delhi. “We plan to im­ple­ment the pol­icy within this fi­nan­cial year.”

Prime Minister Naren­dra Modi’s ad­min­is­tra­tion is un­der pres­sure from small traders, a tra­di­tional sup­port base for the ruling Bharatiya Janata Party (BJP), to act against the big on­line re­tail­ers. In their de­fence, on­line re­tail­ers say e-com­merce has the po­ten­tial to cre­ate mil­lions of jobs in In­dia and give op­por­tu­ni­ties to smaller nesses.

The pol­icy will also ad­dress with use of data gen­er­ated by the re­tail­ers and its stor­age on servers in In­dia, Mo­ha­p­a­tra said.

The new pol­icy is in the works for over a year now and has be­come a con­tentious is­sue in trade-talks be­tween the US and In­dia. In the past too, on­line re­tail­ers have been on the re­ceiv­ing end when the South Asian na­tion im­ple­mented new rules that pro­hib­ited ex­clu­sive prod­uct of­fer­ings and deep dis­counts on them. busi

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