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Deepak to head two committees simultaneously

By IndianMandarins- 31 May 2017
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deepak-to-head-two-committees-simultaneously JS Deepak who will take charge as India's Ambassador to the WTO in Geneva on June 1 will simultaneously head two committees constituted to generate inputs for framing national policies on investment and e-commerce that could help the country in taking a strong position in the sectors in all on-going trade negotiations. The two committees are made up of senior officials from a number of key ministries and departments, including the departments of economic affairs (DEA), industrial policy & promotion (DIPP) and commerce. They will look at various elements beneficial to India in the two areas. India doesn't have comprehensive policies either in investments or e-commerce. With these two areas gaining prominence at the World Trade Organisation (WTO) as well as other trade negotiations that India is engaged in, it is time to take a holistic view on what the country wants and doesn't want. For instance, in investments, India carries out individual bilateral investment treaties with countries and various Ministries, including Finance, Commerce & Industry and Home, have their individual views on it. There exists a Foreign Direct Investment (FDI) policy which is just for market access. Sources said the country needs an overall policy for investments which would include all aspects such as facilitation, promotion as well as protection. Similarly, in the area of e-commerce, which is one of the fastest evolving sectors in the world, India needs to know what policy would promote, facilitate and help in its growth. The committee on e-commerce has senior officials from DIPP, Department of Telecom, Ministry of IT and Electronics, Department of Consumer Affairs and Ministry of Corporate Affairs. The committee on investments includes officials from MEITY, DEA, DIPP and Commerce.

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