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India is considering revising its rules for foreign direct investment in e-commerce, reportedly to prevent e-commerce marketplaces from having an indirect stake — through their parent companies — in the seller entities which sell products on the marketplaces. Reuters first reported this on Tuesday. The changes will come in through a press note — as the last restrictions in 2018 did — a spokesman from the Ministry of Commerce & Industry told the publication. Who will this impact? as it holds an indirect equity stake in two of its biggest online sellers. India only permits foreign com...

Govt to discuss proposed India e-commerce policy on Thursday SECTIONS Share Synopsis DPIIT will hold an interministerial consultation on the proposed e-commerce policy, which seeks to set up a regulator for the sector and protect the data generated by Indian consumers. ETBrandEquity Industry experts say the restrictions under consideration could require both Flipkart and Amazon to significantly restructure their businesses. New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) will hold an inter-ministerial consultation on Thursday on the proposed e-commerce policy t...

We need to understand that FDI is not just a capital injection but package of technology and expertise, which is required to steer the Indian economy

Flipkart puts fresh foods platform plan in cold storage SECTIONS Share Synopsis The Flipkart management is said to be of the view that it will be difficult to drive traffic to, or exploit synergies with, its flagship e-commerce marketplace. Agencies The government, last year, rejected Flipkart’s foreign direct investment (FDI) application to set up Flipkart FarmerMart. Kolkata: Walmart Inc.-owned Flipkart is likely to suspend plans to set up a separate platform to sell food directly to consumers, said two industry executives. The management is of the view that it will be difficult to drive ...

Updated Jan 20, 2021 | 15:28 IST The Confederation of All India Traders (CAIT) has repeatedly complained to the government that e-commerce companies were violating FDI policy. Representational image  New Delhi: The Centre is likely introduce new foreign direct investment (FDI) rules for e-commerce companies to check entities set up by the online marketplaces from trading on their own platform. According to a report in the Economic Times, the Department for Promotion of Industry and Internal Trade (DPIIT) may issue a clarification through a Press Note, expressly pr...