Improve Indian draft e-com policy to promote exports: FIEO black core spun yarn

The timely and logical draft e-commerce policy for export promotion by the Indian Government requires many improvements, according to Ganesh Kumar Gupta, president of the Federation of Indian Export Organisations (FIEO) set up by the commerce ministry. The word ‘e-commerce’ should have a common definition in various acts and policies, FIEO feels.

The Merchandise Exports from India Scheme (MEIS) benefit is only confined to e-commerce shipment through foreign post offices at New Delhi, Mumbai and Chennai. This list of foreign post offices should be expanded to cover ones near the export clusters, FIEO said in a release.

The limitation of ₹25,000 for e-commerce exports or imports through courier, as mentioned in the draft policy, should be either removed or enhanced to ₹5,00,000 so that high value shipments can be exported through courier mode availing fast track facility, the federation said.

It is ironical that e-commerce retail exports, which has taken birth because of digitalization, is still in the manual mode in the country and the need of the hour is that the entire e-commerce transaction move to a single online electronic module, FIEO feels.