Chinese ecommerce major Alibaba Groups Global Managing Director K Guru Gowrappan today met Commerce and Industry Minister Nirmala Sitharaman to explore investment opportunities.
Huge opportunities exist for such big firms to invest in the country’s e-retail sector, an official said.
As per policy, 100 per cent FDI is permitted through automatic route in the marketplace format of ecommerce retailing.
However, foreign direct investment (FDI) has not been permitted in inventory-based model of ecommerce.
Alibaba.com has been operating in India since 2007. The marketplace had around 6 million registered Indian buyers and sellers as of early 2016.
No comments:
Post a Comment