India plans e-commerce regulator, tighter controls under new policy

The new policy will be India's latest effort to tighten control over e-commerce and is likely to raise compliance worries for top firms such as Amazon. — Reuters

NEW DELHI: India wants to set up an e-commerce regulator and force companies such as Amazon to swiftly turn over information sought by authorities as part of a new policy being drafted, two sources familiar with the plan said.

The new policy will be India's latest effort to tighten control over e-commerce and is likely to raise compliance worries for top firms such as Amazon and Walmart's Flipkart that are already battling stricter foreign investment rules since last year.