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'FDI in e-commerce sector in a calibrated way'
24 Dec '15
1 min read
The Government has told Parliament that foreign investment in business to customer (B2C) e-commerce activities has been opened in a calibrated manner.
In a written reply to Rajya Sabha on December 23, Commerce and Industry Minister Nirmala Sitharaman said that an entity is permitted to undertake retail trading through e-commerce under certain circumstances.
She said a manufacturer is permitted to sell its product manufactured domestically through e-commerce retail.
A single brand retail trading firm operating through brick and mortar stores, is also permitted to undertake e-retailing, she said.
"Foreign investment in business to customer (B2C) e-commerce activities has been opened in a calibrated manner and an entity is permitted to undertake retail trading through e-commerce under the (certain) circumstances," she said.
According to the Government's policy, FDI up to 100 per cent is permitted in B2B e-commerce. (SH)
In a written reply to Rajya Sabha on December 23, Commerce and Industry Minister Nirmala Sitharaman said that an entity is permitted to undertake retail trading through e-commerce under certain circumstances.
She said a manufacturer is permitted to sell its product manufactured domestically through e-commerce retail.
A single brand retail trading firm operating through brick and mortar stores, is also permitted to undertake e-retailing, she said.
"Foreign investment in business to customer (B2C) e-commerce activities has been opened in a calibrated manner and an entity is permitted to undertake retail trading through e-commerce under the (certain) circumstances," she said.
According to the Government's policy, FDI up to 100 per cent is permitted in B2B e-commerce. (SH)
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