‘E-commerce policy: No plans to enable FDI in inventory model’

By: ENS Economic Bureau|New Delhi|

business news, foreign direct investment, FDI, e-commerce, e-commerce players, FDI in e-commerce, Amazon, Flipkart, indian express Just in the retailing of food items produced in India is FDI allowed approximately 100 percent through government approval, which will continue.The government is not preparing to reduce guidelines to allow foreign direct investment(FDI)in service to consumer(B2C) e-commerce gamers holding the inventory of different goods, even if such products are locally-made, Department of Industrial Policy and Promo secretary Ramesh Abhishek said on Tuesday. Just in the selling of food products produced in India is FDI enabled approximately 100 percent through government approval, which will continue.This indicates gamers like Amazon and< a href =https://indianexpress.com/about/flipkart/ > Flipkart can’t float the so-called inventory model of e-commerce and continue to run only as online market locations. Just recently, a task force on e-commerce suggested that as much as 49 per cent FDI be allowed e-tailers, supplied they offer just domestically-produced items.Currently, up to 100 per cent FDI is permitted in e-commerce markets via the

automated route however no FDI is enabled in e-tailers holding stock of items, except in the food retailing. While Amazon can run its online and offline shops for food selling, for which it has actually already got federal government approval, it cannot hold inventory of other products. It is mandated to keep its food retailing separate from other ventures.Speaking at a seminar arranged by Swadeshi Jagran Manch, Abhishek stated:”Because FDI is not effectively allowed in multi-brand retail, we can not permit it in e-commerce endeavors selling goods( even)produced in India. “– FE Need to Watch For all the most recent Company News, download Indian Express App Tags:

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