business-to-consumer Current Affairs, GK & News

Ministry of Commerce clarifies on FDI rules in e-commerce

The Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce has clarified that the Foreign Direct Investment (FDI) rules for e-commerce have not allowed foreign investment in the inventory-based model or multi-brand retailing. Provisions for FDI in e-commerce The DIPP has clarified on the following provisions: FDI is allowed only in the ..