Government green signal for 100 percent FDI in ecommerce
|source via:- google search, e-commerce is now allowed 100% FDI but not on inventory based model|
The government has given the green light to 100% FDI in the marketplace format of e-commerce retailing with a view to attracting more foreign investments.
To bring clarity, the DIPP has also come out with the definition of 'e-commerce', 'inventory-based model' and 'marketplace model'.
100 % is not allowed in the inventory based model.
The inventory-based model of e-commerce means an e-commerce activity where the inventory of goods and services is owned by e-commerce entity and is sold to consumers directly, according to the guidelines.
Government green signal for 100 percent FDI in ecommerce Reviewed by OnlyHeadlines Senior Writer on Tuesday, March 29, 2016 Rating: