‘E-com rules don’t allow FDI in multi-brand retail’

January 03, 2019 10:47 pm | Updated 10:54 pm IST - New Delhi

The FDI rules for e-commerce have not allowed FDI in the inventory-based model or multi-brand retailing, the Department of Industrial Policy and Promotion said on Thursday.

The clarification comes in the backdrop of new provisions related to e-commerce released last month. “Certain averments suggest that Press Note 3/2016 had covertly allowed multi-brand retail trading. Such a view is completely contrary to the specific provisions of [the note], which unambiguously provided that FDI is not permitted in the inventory-based model of e-commerce which amounts to multi-brand retail,” a note released by the DIPP said.

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