piyush goyal: Government received complaints against some e-commerce companies alleging violation of FDI policy : Piyush Goyal


The government has received complaints against some e-commerce companies alleging violation of foreign direct investment (FDI) policy and necessary steps have been taken to investigate by the Enforcement Directorate, parliament informed on Wednesday. In a written response to the Lok Sabha, Trade and Industry Minister Piyush Goyal said that no representation from the All India Chamber of Commerce and Industry (AICCI) had been received regarding banning some large e-commerce companies from operating in India.

“The Government has received complaints against certain e-commerce companies alleging breach of FDI policy and necessary action under the provisions of the Foreign Exchange Management Act 1999 has been taken for investigation by the Directorate of the app,” he said.

Responding to a separate question, Minister of State for Trade and Industry Hardeep Singh Puri said there are 1,569 tea gardens in the country, covering a total area of ​​4,20,671 hectares.

He said the Tea Board had provided financial assistance of Rs 217.77 crore to tea companies from 2017-18 to February 1, 2021.

In another reply, Singh said the top five countries India imported goods from in 2020 (Jan-Dec) are China, USA, UAE, Saudi Arabia and India. ‘Iraq.

India imported goods worth $143.5 billion from these five countries during the period, accounting for about 39% of India’s total inbound shipments.

“The main items imported from China are products such as telecommunication instruments, computer hardware and peripherals, fertilizers, electronic components/instruments, project goods, organic chemicals, pharmaceutical intermediates, electronics general public, electrical machines,” he added.

On a separate question, Singh said the government had received representations regarding under-billing and smuggling of raw human hair.

“The matter has been referred to the relevant ministry/agencies for necessary action,” he said.

On a question on exports, he said that Rs 43,493 crore had been refunded to exporters due to export of goods with payment of Integrated Goods and Services Tax (IGST) on March 11, 2021 of this financial year .

Previous Why 2020 is the year of cannabis e-commerce stocks
Next LianLian Global partners with FlavorCloud for international shipping