The DPIIT has already taken views of the Information and Broadcasting Ministry on the issue.
Trader bodies have been raising concern over violation of foreign direct investment (FDI) norms.
Total FDI inflow in 2018-19 was USD 62.00 billion.
Goyal also invited all companies to come forth with new and innovative technologies for the India Railways.
Flipkart did not comment on the investments planned for the new venture.
It also notified the decision to allow 26 per cent FDI in digital media, a move over which certain industry and experts have raised issues.
Flipkart’s six-day sale begins Sept 29, while Amazon is yet to announce dates.
Govt will meet companies between Aug 26 and Sept 5 to suggest the best investment zones for their operations.
All procurements counted as local sourcing.
Slowdown has been driven by a fall in household savings and banks’ increased bad loans, which has hit private investment.