India Considering Retail E-Commerce FDI, Accepting Public Comment
Jan. 6, 2014
The Indian government is considering relaxing its rules and allowing foreign direct investment in retail e-commerce. Published reports indicate the door to foreign investment in the Indian e-commerce market could be open by April. At the moment, companies like Amazon and eBay operate in India only as online marketplaces selling third-party goods.
The country’s existing rules on foreign direct investment were most recently updated almost a year ago . They allow 100 percent foreign ownership of B2B e-commerce businesses, but not retail. The Department of Industrial Policy and Promotion recently issued a note to stakeholders in the e-commerce industry inviting them to comment on the e-commerce restrictions.
Comments on retail e-commerce FDI can be emailed to Ishtiyaque Ahmed, director of the Department of Industrial Policy & Promotion at firstname.lastname@example.org .