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DIPP Nod For New e-commerce Policy Soon, Says Suresh Prabhu

Union commerce and industry minister Suresh Prabhu. (File photo)

Union commerce and industry minister Suresh Prabhu. (File photo)

The new policy will replace the 27-year-old existing policy, aims to resolve bottlenecks arising from inadequate infrastructure, restrictive labour laws and complicated business environment.

Vadodara: Commerce minister Suresh Prabhu Wednesday said the government will release the new e-commerce policy soon which is awaiting approval from the Department of Industrial Policy and Promotion (DIPP).

"The new e-commerce policy, initially drafted by industry stakeholders, is currently waiting for clearance from

the DIPP," Prabhu told PTI without elaborating.

Speaking on sidelines of an event organised by the Federation of Gujarat Industries, he said, "although the

government is willing to listen to the World Trade Organization (WTO), the policy will be prepared by us."

The minister also said the new industrial policy, which aims at boosting manufacturing, promote foreign

technology transfer and attract overseas investments, is also is awaiting the Cabinet approval.

Elaborating on the policy, Prabhu said, it will replace the 27-year-old existing policy, aims to resolve

bottlenecks arising from inadequate infrastructure, restrictive labour laws and complicated business environment.

He also informed that the government is creating 'sub-national'- ease of doing business parameters which will

be measured at the district level because that is where the local industries are flourishing.

Prabhu said countries like Russia, Japan, Korea, and Sweden have expressed interest in investing in projects like

the Delhi-Mumbai Industrial Corridor and smart cities besides the railways, and public transport

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