In the meeting, the Department of Industrial Policy and Promotion (DIPP) and IT body NASSCOM gave detailed presentations to the members on fast the growing e-commerce sector, an official said.
Last month, the government had set up the committee to look into all issues, including foreign direct investment norms, pertaining to the e-commerce industry. Members in the panel include officials from Ministry of Commerce and Industry and Department of Electronics and Information Technology, among others.
Representatives from six states including Maharashtra, Karnataka, Assam, Punjab and Madhya Pradesh are also attending the meeting as some e-commerce firms are facing taxation related issues in few states.
As per the current policy, 100 per cent FDI is allowed via automatic route in the marketplace format of e-commerce. However, FDI has not been permitted in the inventory-based model of e-commerce.
Source: Money Control