New e-commerce policy to keep a check on Chinese imports
The mounting tensions at the border with China could result in many changes. India is planning to accelerate domestic manufacturing in a push to make the country self-reliant. Moreover, with the pandemic and the border situation, it is important that dependency on China is reduced. There was a massive disruption in the supply chain when countries went into lockdown and also exposed the shortcomings.
India may soon make it compulsory for ecommerce companies to display clearly whether a product being sold on their platform is made in the country or not, as the government seeks to curb Chinese imports. The clause is likely to be a part of the ecommerce policy that the commerce and industry ministry is drafting. According to an official, “We will mandate ecommerce players to display whether a product is made in India or not. We are actively looking to enable that. This will help cut out Chinese goods.”
The Draft National Ecommerce Policy, which the Department for Promotion of Industry and Internal Trade had floated last year, mandated ecommerce companies to make seller details available on the marketplace website for all products. It had proposed that the full name of the legal entity, its address and contact details be provided.