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DIPP seeks FDI in e-commerce

Eyes boost for manufacturing in economy

Tags: retail, retailer, news, DIPP, FDI

May 17, 2014  |  comments ( 0 )  | 
DIPP seeks FDI in e-commerce

The department of industrial policy and promotion (DIPP) will push for foreign direct investment (FDI) in e-commerce as media reports indicated.

As per the current FDI policies, foreign direct investment is not allowed in business-to-consumer e-commerce. However, 100 percent FDI is allowed in business-to-business e-commerce. 

In a recent media interaction, a senior officer from DIPP highlighted, “We feel that FDI is needed in the e-commerce segment to boost manufacturing in the economy. FDI in e-commerce is required for capital infusion in SMEs.”

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