Delivering his address at the Seminar on Unleashing Growth Potential of E-Commerce in India under aegis of PHD Chamber of Commerce and Industry, Dr. Kumar added that the pace of the project would accelerate and it would attain all its desired objectives as intended by the government under the leadership of Prime Minister Modi.
Speaking on the occasion, Joint Secretary, Department of Industrial Policy & Promotion (DIPP), Mr. Atul Chaturvedi said that the government of the day would bring in many more reforms and further liberalized the FDIs and IPR regime as lot more needs to be done to make India bring on par with economies of scale in terms of its FDIs and IPR policies.
Mr. Chaturvedi said, the government has done a great deal of work in the last 12 to 16 months to liberalize and reform on its FDIs front and opened them up broadly expanding the chasm of restrictive policies of the close economies. Yet lot more needs to be done which will be facilitated with a faster pace.
He also said that the recent guidelines relating to 100 per cent FDIs in market place e-commerce would spur up manufacturing as also encourage domestic sales of indigenous products.
This according to him is a decision that would promote and prompt Make-in-India as also proves the spirit of the government of the day that it is pro-reforms oriented and it would do all possible to reform India's economy so that it becomes an integral part of the economies of scale in terms of India's policy framework.
On a question on 100 per cent FDIs on multi brand retail, the DIPP official admitted saying that it is a political call but the government is committed to introduce and further liberalize its FDI and IPR policies among others.
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