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PM Narendra Modi may not kill ebiz

| PAWAN BALI
Published Oct 20, 2014, 6:34 am IST
Updated Mar 30, 2019, 8:11 pm IST
The government will not take any action against e-commerce companies
Pro-reform Modi regime is averse to take any action which will impact the existence of nascent e-commerce in the country
 Pro-reform Modi regime is averse to take any action which will impact the existence of nascent e-commerce in the country
New Delhi: A pro-reform Modi regime is averse to take any action which will impact the existence of nascent e-commerce in the country, according to top government sources. 
This despite a recent statement made by minister of state for finance and commerce and industry Nirmala Sitharaman that the government will look into the complaints against the e-commerce companies in the country.
 
A recent sale announced by e-commerce companies such as Flipkart, Amazon and Snapdeal during the festival season has unnerved the small traders and retailers, who have alleged that the  e-commerce portals are involved in predatory pricing. There has also been demands to look into the funding of these online shopping websites.“We are not in favour of any ban on the e-commerce sites or any regulation which hampers their business. We have to come to terms with the modern technology,” said a government source.
 
He said that whether sale is happening through retail shops or on-line portals doesn’t matter. “What matters is that business activity is happening whether it is online or offline. Money is coming into the market.  People are buying, which inturn boosts manufacturing and related activity,” he said.
 
“If someone is offering discount and if this prompts people to spend, it means a stimulus to the business activity in the country which is needed at this time to re-start the investment cycle,” added the official. He blamed the notices to some online portals by some regulators as a result of “old mind set.”
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