According to a PTI report: 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 e-commerce retailing.
However, foreign direct investment (FDI) has not been permitted in inventory-based model of e-commerce.
Alibaba.com has been operating in India since 2007. The marketplace had around 6 million registered Indian buyers and sellers as of early 2016.