Govt to standardise eCommerce for FDI

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.
FDI in Retail

In a recent announcement, 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.
In a written reply to Rajya Sabha, Nirmala Sitharaman, Commerce and Industry Minister said that an entity is permitted to undertake the retail trading through eCommerce under certain circumstances.
Detailing the circumstances, she said a manufacturer is permitted to sell its product manufactured domestically through e-commerce retail.
Also, a single brand retail trading firm operating through brick and mortar stores is permitted to undertake e-retailing.
"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.
As per the policy, FDI up to 100 per cent is permitted in electronic commerce in B2B space.
Replying to a separate question on tobacco she said, the Department of Industrial Policy and Promotion (DIPP) has confirmed that there is no restriction on manufacture of four items namely 'guthka', 'scented khaini', flavoured chewing tobacco and 'pan masala'.
She said there are 16 pan masala manufacturing units in Kandla SEZ, 5 units in Surat SEZ and 4 are engaged in manufacturing of tobacco related products in Noida SEZ.
A proposal for establishment of a new unit for manufacturing of the said four items in Kandla SEZ was referred by the SEZ to the Commerce ministry.

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