E-commerce giants Amazon and Walmart-backed Flipkart on Saturday said they are reviewing the draft national e-commerce policy and will share their inputs on the proposals in due course of time.

The government, on Saturday, released the draft that proposes setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for businesses regarding collection or processing of sensitive data locally and storing it abroad.

“We appreciate the government seeking consultation on the draft e-commerce policy. We are going through the draft, which has been just released for comments and will be sharing our inputs in due course. As India’s homegrown e-commerce pioneer, Flipkart has always been at the forefront of growth of the industry. We look forward to working with the government and other stakeholders in developing this nascent sector...” a Flipkart spokesperson said.

Amazon India, in an e-mailed statement, said the company is also currently studying the draft policy. ”...we will provide our inputs during the public review period. We look forward to an enabling policy to serve over 4.5 lakh sellers and a policy that will allow us to scale up our logistics network, create new jobs and infrastructure, digitise payments and delight our customers,” the statement added.

A Snapdeal spokesperson said framing a comprehensive national policy on e-commerce is a welcome move that will provide a “facilitative policy environment” for India’s fast-growing digital economy.

“The draft policy’s categorical rejection of inventory based e-commerce model must be followed by effective implementation of FDI norms to ensure marketplaces do not own or control inventory, directly or indirectly. The recognition of data as a strategic national asset is well-timed and will lead to the development of required regulation in this regard,” the spokesperson added.

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