Ban on FDI in Retail E-commerce Business
Some representations to remove the ban on retail trading through e-commerce have been received.
As per the extant Foreign Direct Investment (FDI) policy, FDI, up to 100%, is permitted under the automatic route, in business-to-business e-commerce. Retail trading, in any form, by means of e-commerce, is not permissible for companies with FDI. No proposal for amendment of this policy, is under consideration.
This information was given by the Minister of State of Commerce & Industry, Dr. S. Jagathrakshakan in a written reply in the Lok Sabha today.