NEW DELHI, Dec 29: The DPIIT is working actively on the e-commerce as well as new Industrial policies, and both are expected to be released by the end of this fiscal, a top official has said.
The government in February released a draft national e-commerce Policy, proposing 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.
The department has received huge response on the draft and it is examining all the views and comments.
The proposed new Industrial Policy is aimed at promoting emerging sectors, reducing regulatory hurdles and making India a manufacturing hub.
It will replace the industrial policy of 1991 which was prepared in the backdrop of the balance of payment crisis.
It had also floated a discussion paper on the policy with an aim to create jobs in next two decades, promote foreign technology transfer and attract USD 100 billion foreign direct investment (FDI) annually.
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