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

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 27th Mar 2017

CCI shows US cotton textiles at Intertextile Shanghai expo

The Cotton Council International (CCI), the global marketing arm of...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search