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Indian Government may announce FDI in e-retail

The announcement may come by next month

Tags: retail, retailer, news, FDI, e-commerce

June 05, 2014  |  comments ( 0 )  | 
Indian Government may announce FDI in e-retail

India could allow much awaited FDI approval in e-commerce by next month. Speaking to media a senior government official, said, “Most stakeholders support FDI (foreign direct investment). We have pitched for opening it up completely."  Industry surveys say e-commerce could contribute up to 4 per cent to India's economy by 2020 from under one per cent now.   

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