Home / Knowledge / News / Retail / No plan for FDI in multi-brand retail: Indian minister

No plan for FDI in multi-brand retail: Indian minister

Jun '19
Pic: PIB
Pic: PIB
India does not have any plan to allow foreign direct investment (FDI) in multi-brand retail now, nor does it wish to permit FDI in the inventory model of e-commerce, commerce and industry minister Piyush Goyal reportedly conveyed this crystal clear recently in his first key meeting with top executives of e-commerce and information technology companies.

The companies included Amazon, Flipkart, Google, Facebook, Microsoft, American Express, IBM, Dell, SAP, Paypal and VISA, according to a report in a top financial daily.

India now allows up to 100 per cent FDI in the marketplace model of e-commerce and prevents e-tailers from owning inventory of goods. Up to 100 per cent FDI is permitted in the inventory model only in the retailing (both online and offline) of locally-produced food products with prior government approval.

Several important issues, like the impact of anti-competitive practices in e-commerce, predatory pricing and other discriminatory practices and level-playing field for both domestic and foreign companies, were discussed.

The June 17 meeting also deliberated on other issues like understanding data flows from the aspects of privacy, security, safety and free choice; ownership and sharing of data; gains and costs of cross-border flow of data and means to monitor use of data, according to an official release.

India’s draft e-commerce policy bars the sharing of data with third parties, even with the consent of the customer. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: IFC

Apparel/Garments | On 15th Apr 2021

IFC to support Haiti in revamping garment sector

IFC, a member of the World Bank Group, is supporting the garment...

Pic: Sorbis / Shutterstock.com

Textiles | On 15th Apr 2021

US textiles & apparel imports down 6.98% in Jan-Feb 2021

The import of textiles and apparel by the United States decreased by...

Pic: Shutterstock

E-commerce | On 15th Apr 2021

Vietnam companies get Amazon boost to turn into brands

The Vietnam Textile & Apparel Association (VITAS) and Amazon have...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Virtual reality would be the new normal

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Textile Industry, Head honchos

Textile Industry
Head honchos

Main challenges are breakdown of supply chain and shrinkage of manpower

Anupam Chakrabarty,

Anupam Chakrabarty

Headquartered in Finland, Helsinki, Lindström Group is a textile rental...

Mukesh Bansal,

Mukesh Bansal

Vardhman is one of the largest integrated textile manufacturers of India...

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

April 2021

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

Advanced Search