Centre gives permission for 100 percent FDI in online market places!

The centre government has decided to give a boost to the E- commerce space as it has given permission for 100 percent FDI in the format of e- commerce retailing under the automatic route.

Notably, FDI is not permit able in inventory – based model of e- commerce, the government has clearly mentioned to include support services to sellers with respect to warehousing, logistics, order fulfillment, payment collection, call centre and other services.

Adding to this, DIPPP said that “In order to provide clarity to the extent policy, guidelines for FDI on E-commerce sector have been formulated.”