India to issue draft e-commerce policy in few weeks: government source
India introduced changes to foreign direct investment rules
![Traders body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal. Traders body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.](https://s3.ap-southeast-1.amazonaws.com/images.asianage.com/images/aa-Cover-ro77ecspshdt46v440iktmbtj5-20180506235906.Medi.jpeg)
Traders' body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.
India will announce a new draft policy for e-commerce in a few weeks, a source in the government said on Thursday, a day after the country tweaked foreign investment rules for the burgeoning sector.
The new e-commerce policy could entail provisions for a regulator in the sector dominated by US tech giant Amazon.com and homegrown Flipkart, which was bought over by retail giant Walmart for $16 billion earlier this year.
India on Wednesday introduced changes to foreign direct investment rules, banning e-commerce players from selling products from entities in which they have an equity interest, a move the source said was aimed at preventing anti-competitive practices. The source declined to be named as the matter was not public.
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