Draft e-commerce policy tightens rules for foreign players

The draft also suggested restrictions on cross-border flow of data collected from Internet-of-Things (IoT) devices installed at public space

In a proposed tightening of regulations for foreign investors, the draft e-commerce policy floated by the Centre has suggested that all e-commerce websites should have a registered business entity in India and all product shipments from overseas must be channelised through the Customs.

The draft policy, put up by the Department for Promotion of Investments and Internal Trade on its website on Saturday, is also categorical that FDI should be encouraged only in the marketplace model.