Govt has no plans to bring FDI in ecommerce retail

The NDA government has informed the Parliament that it has no plans to bring in foreign direct investment (FDI) in e-commerce. “No such proposal is under the consideration of the government,” Commerce and Industry Minister Nirmala Sitharaman said in a written reply in the Rajya Sabha.

"The term 'e-commerce retail' has not been defined in the extant FDI policy, however, as per the extant FDI policy, e-commerce activities refer to the activity of buying and selling by a company through the e-commerce platform," she added.