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E-commerce rules do not allow foreign investment in multi-brand retail: DIPP

Indiaretailing Bureau -
The FDI rules pertaining to e-commerce have not allowed foreign investment in the inventory-based model or multi-brand retailing, the Department of Industrial Policy and Promotion (DIPP) clarified Thursday. It also stressed that the provisions are also not against the...
Retail

DIPP to draft new e-commerce policy

Indiaretailing Bureau -
The commerce and industry ministry is drafting a new e-commerce policy to boost the fast-growing online retail sector, a government official said Thursday. "We are in the process of drafting the new e-commerce policy," Secretary in the department of industrial...
Home Decor & Furnishing

IKEA to open over 40 stores across different formats

IANS -
Buoyed by the rapid growth of the retail sector, leading Swedish home furnishings retailer IKEA plans to increase its investments in the country. On the eve of the launch of the first India store here on Thursday, the company officials...
Retail

Dyson International's FDI proposal gets DIPP nod

IANS -
Two foreign direct investment (FDI) proposals, including that of consumer durables manufacturer Dyson International, have received regulatory clearances, an official statement said on Wednesday. According to the Commerce and Industry Ministry statement, a proposal from Dyson International to carry out...
Retail

E-commerce players restricted to permit over 25 pc sales from one vendor

Indiaretailing Bureau -
E-commerce players like Flipkart and Amazon will not be allowed to market more than 25 per cent of its annual sales coming from one vendor, the Government clarified. According to a PTI report: The Government had earlier mandated 25 per...
Food

Expert Speak: It's good days for organized trade in the F&G sector

Rakesh Gambhir -
In the aftermath of the new initiatives by Government – demonetizing the Rs. 500, 1,000 notes – to flush out black money from the economy and check funding of terror activities and other evils, the much awaited achhey din...
Retail

Apple holds talks with Indian Government on opening stores

Indiaretailing Bureau -
Apple Inc officials met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally. According to sources, the meeting chaired by Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek...
Retail

Sellers offer discounts on e-commerce sites : DIPP

IndiaRetailing Bur -
E-commerce companies have told the Department of Industrial Policy and Promotion (DIPP) that discounts on their platforms are being offered by sellers, who are free to run such schemes both in online and offline mediums, a senior official said. “E-commerce...
Retail

Strictly comply with FDI guidelines: Government to online companies

Indiaretailing Bureau -
The Government has ordered e-tailers and online marketplaces to strictly comply with the e-commerce guidelines following complaints by offline retailers on advertisements being given by the former in newspapers announcing sales. "In a recent meeting at the Commerce and Industry Ministry, it was made clear to...
Retail

FDI in retail: Milestones from 2006 to 2016

Mehak Sharma -
Making India the most open economy in the world, Modi Government recently announced its second major reform in FDI soon after its radical changes announced in November last year. The Government, since the beginning, has been taking steps to boost FDI in...
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E-CommerceIndiaretailing Bureau -

ONDC announces Build for Bharat initiative 

The initiative intends to tap into India’s technological and entrepreneurial potential with an expected participation of over 2,00,000 participants...
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