Japan submits proposal at RCEP for FDI in India’s e-commerce

With global companies showing their interest in investing in the Indian e-commerce market, the government is under pressure from various stakeholders to relax FDI norms in this space. For instance, recently Japan submitted a proposal at the Regional Comprehensive Economic Partnership (RCEP) forum proposing relaxation in the foreign direct investment (FDI) norms in the e-commerce sector.