Online Sellers Seek FDI in an Inventory-Based Model of E-commerce for Export Purposes

According to a senior government source, the e-commerce sector has urged that the government allow foreign direct investment (FDI).

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The country’s FDI policy currently prohibits foreign direct investment in the inventory-based model of e-commerce.

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Santosh Kumar Sarangi, Director General of Foreign Trade (DGF), said that many initiatives are being taken to enhance exports via e-commerce.

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Speaking about the steps they are taking to promote exports through the e-commerce medium, he stated that many of these exporters

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the DGFT is collaborating with the Department of Post to enhance and develop Dak Niryat Kendras and foreign post offices (FPOs).

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Until recently, the export ecosystem was oriented on a B2B transfer of products by air and sea.

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