Government to Parliament: Received complaints about e-commece behemoths flouting FDI policy
31st July 2021, Mumbai:
Som Parkash, minister of state for commerce and industry, in response to a question in the Lok Sabha on whether the Union Government agreed to have received complaints from various sectors of the business that some e-commerce behemoths have been flouting the government's policies.
He claimed the government has received complaints from traders and industry groups accusing marketplace e-commerce firms of violating the e-commerce sector's FDI policy.
Ecommerce firms are only authorized to operate in Business to Business (B2B) e-commerce and not in Business to Consumer (B2C) e-commerce, according to the current FDI Policy on the e-commerce industry. Furthermore, in the marketplace model of e-commerce, 100 percent FDI via the automatic route is authorized.
FDI is not authorized in the inventory-based e-commerce business. Parliament was told that the government has no plans to use the Patents Act or a forced license to boost the manufacture of Covid-19 vaccinations.
Vax Patent - “Sir, no. The matter does not arise since no patent has been awarded for any Covid-19 vaccine in India,” Parkash replied when asked whether the government intended to use the Patents Act, 1970 to promote domestic production of Covid-19 vaccines or if forced licensing of Covid-19 vaccines have been used.
Impact of Covid - Anupriya Patel, Minister of State for Commerce and Sector, stated that the Covid-19 epidemic has had an impact on the tea industry in India, especially Assam. Tea output in Assam is expected to fall by 98.29 million kg (13.72 percent) in 2020, compared to 2019.
Review of Infrastructure - The government informed the Lok Sabha on June 29 that it has evaluated 59 outstanding problems of chosen 20 infrastructure projects with a total investment of about Rs 2.74 lakh crores.
These concerns were outstanding with various departments of the state governments of Bihar, Haryana, Maharashtra, and Tamil Nadu, and in the meeting, explicit directions/timelines were provided for speedy settlement of the difficulties and fast-tracking the execution of these projects.
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