Govt eases FDI norms for export-focused e-commerce entities

New Delhi [India], July 23 (ANI): The government has amended the foreign direct investment (FDI) policy to allow FDI in the inventory-based model of e-commerce exclusively for exports of goods manufactured or produced in India, in a move aimed at boosting exports through e-commerce.

The Department for Promotion of Industry and Internal Trade (DPIIT) said the existing FDI policy has been reviewed to facilitate greater exports by Indian sellers.