The Indian e-commerce landscape is currently dominated by Flipkart that is in the process of being bought by U.S. retail giant Walmart - a deal opposed by some local traders who say it will create a monopoly in the retail market and drive mom-and-pop stores out of business.
Other major e-commerce players are Amazon.com Inc’s local unit and Snapdeal, backed by Japan’s SoftBank.
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It also said the government “would have access to data stored in India for national security and public policy objectives subject to rules related to privacy, consent etc”.
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Among other measures suggested in the draft e-commerce policy is mandating that home-grown card network RuPay be included as a payment option for online transactions.
Started in 2012 by a company owned by 10 local and foreign banks, RuPay competes with global payment firms Visa Inc and MasterCard Inc.
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