The central govt is in no hurry to take a call on e-commerce but it is closely monitoring the development in this space and watching many others who are being affected by this.
Clearing government stand on FDI in multi-brand retailing, Commerce and Industry Minister Nirmala Sitharaman today said the NDA government will not "entertain" foreign direct investment in multi-brand retail.
Government has launched a scheme for technology upgradation and establishment and modernisation of food processing industries across the country to minimise wastage of perishable fruits and vegetables.
CAIT asked the government to set up a regulatory body for retail sector to ensure healthy competition in view of entry of big corporates in the segment.
The Manmohan Singh government has finally given its nod for the relaxation on the existing 51 per cent FDI in single brand retail, increasing it to a much awaited 100 per cent.