Snapdeal, ShopClues, UrbanClap, Shop101 to form domestic e-commerce industry association

Domestic e-commerce players Snapdeal, ShopClues, UrbanClap and Shop101 have come together to launch their own trade association, The E-commerce Council of India (TECI).

“Policy makers in various countries, including India, are engaged in discussions to determine optimal policy framework for the sector. TECI expects to collate, crystallise and share the e-commerce industry’s viewpoint in this regard, working collaboratively with other stakeholders,” the association said in a statement.

Last month, the government released a new draft e-commerce policy that has provided for regulating cross-border data flows, setting up storage facilities locally, and establishing a data authority to devise a framework for sharing data. The department for promotion of industry and internal trade (DPITT) has extended the deadline for receiving stakeholders’ comments on the draft policy to March 29 from the earlier March 9.