India, Feb. 14 -- As Amazon seeks a stay on the Competition Commission of India (CCI) investigation into the business models of ecommerce companies such as Flipkart and Amazon, the union minister for industry and commerce Piyush Goyal has finally spoken out on the issue.

Speaking at a media summit, Goyal said that CCI and commerce ministry would not have to probe on the fair trade practices of the ecommerce companies if they had not contravened Indian laws and regulations. He added that ecommerce players from around the globe are welcome in India as long as they are going to stay within the limits of the law.

Goyal also asked the ecommerce players to strictly adhere to India's foreign direct investment (FDI) policy for ecommerce marketp...