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Tag: goyal

Goyal hears out ecommerce CEOs, Retail News, ET Retail

BENGALURU: Piyush Goyal, Minister of Commerce and Industry, on Thursday interacted with a group of chief executives from ecommerce, food delivery, cash and carry, and logistics companies over video conferencing to understand the issues they were facing, before passing on his recommendations to the home ministry. Over the past five days, ecommerce companies have seen …

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Piyush Goyal, Retail News, ET Retail

NEW DELHI: Commerce and industry minister Piyush Goyal on Wednesday said that no timeline has been fixed to release the national e-commerce policy as e-commerce is a new subject. “Since e-Commerce is a new issue, it has necessitated detailed consultations over the last few months to ensure that the policy is crafted in a manner …

Piyush Goyal, Retail News, ET RetailRead More

Piyush Goyal, Retail News, ET Retail

NEW DELHI: Commerce and Industry Minister Piyush Goyal on Thursday said while the government welcomes e-commerce companies to work within the framework and laws of the land, promises of a certain number of people benefiting from such companies can’t be at the expense of suffering of many others. “We welcome e-commerce to work within the …

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Piyush Goyal, Retail News, ET Retail

NEW DELHI: Commerce and Industry Minister Piyush Goyal on Thursday asked e-commerce players to strictly adhere to FDI norms, saying it “certainly does not look and feel and smell right” when a company makes a loss of Rs 6,000 crore on a turnover of Rs 5,000 crore. Goyal, who had earlier remarked that e-commerce giant …

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Goyal, Retail News, ET Retail

New Delhi : The commerce and industry ministry has received representations regarding allegations about some e-commerce companies engaging in predatory pricing and excessive discounts, Parliament was informed on Wednesday. Commerce and Industry Minister Piyush Goyal said these representations are under “examination”. The current foreign direct investment (FDI) policy on e-commerce sector, specifies that companies operating …

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Piyush Goyal, Retail News, ET Retail

NEW DELHI: Commerce and industry minister Piyush Goyal said promises of job creation by foreign-owned ecommerce companies need to be seen from the perspective of potential job losses as well, adding his remarks on Amazon will not send a wrong signal to international investors. “Not at all,” he told ET when asked if his statement …

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Piyush Goyal, Retail News, ET Retail

Commerce & industry minister Piyush Goyal has raised the heat on e-commerce companies such as Amazon and Flipkart and asked them to ensure that their operations are completely in line with Indian regulations. In an interview ahead of his visit to Davos, he tells TOI that he is not being protectionist in his policies. Excerpts: …

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Goyal, Retail News, ET Retail

Ahmedabad: Union Commerce and Industry Minister Piyush Goyal on Friday said his statement regarding Amazon was misconstrued and asserted that the government welcomes all investments but it should adhere to rules and regulations. Goyal said that these investments should not create unfair competition for small traders. “We welcome all types of investments. But if the …

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Piyush Goyal, Retail News, ET Retail

NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) has received complaints that e-commerce companies are offering deep discounts, indulging in predatory pricing, exercising control over inventory and influencing the prices of goods sold on the platform, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Commerce and …

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