JK mulls to encourage FDI in e-commerce; to seek views of industrialists, traders

JK mulls to encourage FDI in e-commerce; to seek views of industrialists, traders

SRINAGAR: The Jammu and Kashmir government is mulling to encourage Foreign Direct Investment (FCI) in e-commerce in the state even as it seeks to take suggestions from stakeholders over implementation of the intended trade regime.
The state’s Minister for Industries and Commerce, Chander Parkash Ganga, according to an official handout issued here, Wednesday asked the concerned authorities to organise seminars at district level for FDI in e-commerce.
He also called for seeking suggestions from the stakeholders on implementation of e-commerce regime in the state.
Ganga was addressing a joint meeting of the officers of Industries and Commerce department, representatives of Federation of Industries, Information Technology Association, CII, FCII, PHD Chamber of Commerce and Industry, and ASSOCHAM.
The meeting was convened here to discuss the regulatory framework and guidelines for FDI in e-commerce.
“The government of India is going to launch e-commerce in all states and Jammu and Kashmir, like other states, has been also asked to give its suggestions. The need of the hour is to discuss in detail the benefits and adverse impact of e-commerce on retailers,” the minister told the meeting.
He said there is a need to organise workshops and meetings with the industrialists, stakeholders, and retailers in order to take their suggestions, which would subsequently form a part of state’s proposal to be submitted to the government of India.
“Call experts of the chambers of commerce so that they can explain their views about the benefits of e-commerce to be implemented in the state,” he said.
The government, “committed to provide every possible help to industrialists as well as retailers”, will sensitise the retailers, he said.
“We should have to benefit the consumers. Also, it is our prime duty to address the issues of retailers,” he said.
Implementing e-commerce in the state will boost trading of handloom and handicraft products, he said, asking the retailers to “build their capacity to be ready for e-commerce”.
He, however, said “certain measures” have to be taken to minimise “the negative effect of e-commerce”.