Export-linked e-tailing may get FDI support

The government is learnt to have resolved to allow foreign direct investment (FDI) in inventory-based models of e-commerce, subject to the rider that these will be solely aimed at export markets. According to an official source, while the key ministries of finance and commerce & industry have come to a common position this regard, the two have also identified a few potential impediments in the implementation of the proposed policy and are exploring ways to address them.

“A lot of background work is required at multiple levels to enable the functioning of the proposed new framework for the sector,” the official told FE on Tuesday.