FDI in e-commerce News

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Demand for office, warehousing and logistic spaces will increase with 100 percent FDI permitted in marketplace e-retailing, significantly benefitting the real estate sector, according to property consultant JLL India.  

Leading e-retailers, including Snapdeal, Tuesday welcomed the government's decision to open e-commerce market place for 100 percent FDI, even as IT industry body Nasscom termed 25 percent cap on sales from a single vendor or group entities as "restrictive".

The government on Tuesday allowed 100 percent FDI through automatic route in the marketplace format of e-commerce retailing, a development that will give a boost to foreign firms like Amazon and Ebay as well as domestic players such as Flipkart and Snapdeal.

Traders on Friday called upon the government not to allow foreign direct investment (FDI) in e-commerce as "the platform will be used to make the country a dumping ground".

According to sources, Kant first met officials of various public sector banks on issues over payment mechanism of e-commerce.

Industry body Assocham on Sunday said the Flipkart fiasco should not be used as an excuse by the government to over-regulate the e-commerce business which is in its infancy.

Global retail giant Amazon on Thursday said allowing foreign direct investment in e-commerce will help in accelerating further growth in the USD 3 billion Indian online retail market.

Pushing for introducing FDI in B2C e-commerce, industry bodies and e-commerce firms have said such moves will help SMEs scale up their operations and aid expansion into smaller parts of the country.