Not against ecommerce platforms but want them to be fair, honest: commerce minister

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The story "Not against ecommerce platforms but want them to be fair, honest: commerce minister" was covered 20 hours ago by YourStory, a news publisher based in India.

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Not against ecommerce platforms but want them to be fair, honest: commerce minister - YourStory

Quick Summary:

Drawing from his concerns expressed earlier on protecting local businesses, Union Commerce Minister Piyush Goyal stressed on small businesses being given a fair chance to compete by the ecommerce giants.

The government is desirous that the FDI policy on ecommerce which allows B2B in a marketplace model is followed "scrupulously by all foreign ecommerce companies" sticking to the law of the land, he said.

Speaking with reporters in the financial capital, the union minister said the rule of the law should be followed in letter and spirit and made it clear that consumer preferences should not be influenced by algorithms.