Home / Knowledge / News / Apparel/Garments / Relax FDI norms on B2C ecommerce: Amazon to Indian govt
Relax FDI norms on B2C ecommerce: Amazon to Indian govt
14
Feb '13
World’s largest online retailer Amazon.com has urged the Government of India to relax norms for foreign direct investment (FDI) in business-to-consumer (B2C) ecommerce.
 
At present, India’s FDI policy does not allow FDI in B2C ecommerce and easing of rules would enable global online retail firms to sell directly to consumers in India.
 
In September last year, while notifying the decision to allow FDI in multi-brand retail sector, the Indian Government made it clear that the companies with FDI would not be permitted in retail trading by means of ecommerce.
 
Speaking to reporters after his meeting with India’s Commerce & Industry Minister Anand Sharma, Mr. Paul E Misener, global vice president of Amazon, said, he had discussed the issue of relaxing FDI rules on B2C ecommerce with the Minister.
 
Amazon is trying to find a better way to serve Indian customers, both sellers and buyers, and all kinds of issues were discussed with the Indian officials, Mr. Misener said.
 
Founded in 1994, Amazon is an American multi-national company that operates separate retail websites for nations like United States, Canada, United Kingdom, France, Germany, Austria, Italy, Spain, Japan and China.
 
Last December, Amazon forayed into the world of fashion by launching its maiden online apparel retail outlet, meant only for its UK customers. 
 
The online shop offers apparels from finest designer brands like 7 For All Mankind, Pringle and Black Orchid and its recently launched collections include a wide array of lingerie, jeans, coats, jackets, t-shirts and dresses.
 

Fibre2fashion News Desk - India


Must ReadView All

Alliance to form joint entity for safety in factories

Textiles | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Courtesy: Skineez Skincarewear

Apparel/Garments | On 24th Apr 2018

Skineez, Walmart partner for smart wearables

Skineez Skincarewear, a leading cosmotextile skincarewear company,...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search