Live Markets »News & Advice»Latest Stories»Latest Stories Details
Latest Stories Details

India won't allow multi-brand retail by foreign companies, says Goyal

Subhayan Chakraborty/New Delhi 20 Jun 19 | 12:15 AM

Commerce and Industry Minister Piyush Goyal has asked traders and retailers to send suggestions regarding the draft e-Commerce policy to his ministry in the next five days.

In a meeting with the trader community on Wednesday, Goyal also reiterated that India will not allow multi-brand retail by foreign companies.

Related Stories

    No Related Stories Found
Widgets Magazine

Addressing traders’ concerns, Goyal said that no entry will be allowed for multi-brand retail on the pretext of Business-to-Business enterprise.

He said provisions regarding the data in the e-commerce policy is being addressed by the Ministry of Electronics and Information Technology (MeitY). He assured traders the e-commerce policy, currently on the anvil for more than a year, will be finalised only after taking into account every suggestion received by the Department for Promotion of Industry and Internal Trade (DPIIT). The department had earlier faced allegations of not keeping the policy formation process not transparent enough.

Civil society bodies and interest groups have also written to DPIIT Secretary Ramesh Abhishek, expressing concerns over the consultation process. In a letter sent to Abhishek in May, 13 such groups have called for publishing all comments received by the DPIIT as part of the public consultation, to provide an opportunity to all stakeholders to submit counter-comments.

Widgets Magazine


Company Price Gain (%)
Sun Pharma.Inds.422.403.61
Maruti Suzuki6,079.751.81
Kotak Mah. Bank1,507.751.58


Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine