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Commerce Ministry discusses regulatory issues faced by startups

Commerce Ministry discusses regulatory issues faced by startups

Commerce Ministry discusses regulatory issues faced by startups
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By CNBCTV18.COM  Mar 24, 2018 11:46:18 AM IST (Updated)

Commerce and Industry and Civil Aviation Minister Suresh Prabhu chaired the roundtable meeting.

The commerce and industry ministry on Friday held consultations with various departments to resolve regulatory issues being faced by startups in the sectors such as e-pharmacy and unmanned aerial vehicle (UAV).

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Issues like presence of pharmacist at e-pharmacy platforms, stream lining of application process for NBFCs by the Reserve Bank, reforms in current guidelines for UAV sector, "which does not allow for manufacturing of drones, and vehicle specifications for door to door retail delivery of petroleum, were discussed at length," the ministry said in a statement.
Commerce and Industry and Civil Aviation Minister Suresh Prabhu chaired the roundtable meeting here.
Matters related with retail delivery of petroleum from door to door was also deliberated upon in detail.
"Held a roundtable meeting on regulatory issues with startups and representatives of various Ministries. An interactive discussion to understand regulatory issues faced by startups and the way ahead to facilitate.We are committed to foster entrepreneurial ecosystem in the country," Prabhu said in a tweet.
Officials from different departments including industrial policy and promotion, RBI, SEBI, Ministry of Petroleum and Natural Gas, Ministry of Health and Family Welfare, Drugs Controller General OF India, Ministry of Finance were present in the meeting, it added.
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