Second draft of e-commerce policy manages to please almost everyone

In contrast to the leaked first draft that had drawn much flak, the latest e-commerce draft policy released on Saturday has found many takers. From firms like Snapdeal to even trader bodies including Confederation of All India Traders (CAIT), all have given their stamp of approval.

Gurugram-based Snapdeal said the draft policy’s categorical rejection of inventory based e-commerce model must be followed by effective implementation of FDI norms to ensure marketplaces do not own or control inventory, directly or indirectly.

“The recognition of data as a strategic national asset is well-timed and will lead to the development of required regulation in this regard,” said the company’s spokesperson.