As per revised FDI norms, government has allowed single brand foreign retailers to open online store first, also there are massive relaxation in the sourcing norms. And more..
Food processing is a very progressive step and bringing in more retailers into it will surely benefit the farmers and will eventually benefit the consumers: Krish Iyer
Marketplaces, if run in the right spirit, could complement retailers by acting like online malls. Retailers would be happy to collaborate with them in the same way as they have collaborated with malls so far.
While global brands such as H&M, GAS, Ikea, Starbucks and many other have already cemented their grounds in the country, still there are many in the waiting list.
The two German brands are seeking government's nod not just to launch their online portals but are also seeking clarification on their existing wholesale entities to engage in direct selling.
To ease the movement of goods, Government must roll out the much delayed GST and bring all taxes including service tax under its ambit, says, Manu Indrayan, CEO & Co Founder of 612 League
According to a 2007 report by McKinsey & Co., India is set to grow into the fifth largest consumer market in the world by 2025. Thus it is evident that India still has a huge scope for growth and development in the organized retail sector.
Pepe Jeans India has recently applied to the Department of Industrial Policy & Promotion (DIPP) to set up fully-owned retail stores in the country. The company aims to open large format retail outlets in metro cities of the country.
DIPP has recently mentioned to the Delhi High Court that the marketplace models used by country's online retailers is not recognised in the FDI policy.
The Commerce and Industry Ministry had said that the foreign direct investment in business to consumer (B2C) eCommerce activities has been opened in a standardised way.