Top Story


Home >> Digital >> Article

Govt looks at FDI in e-retail amidst opposition

Font Size   16
Govt looks at FDI in e-retail amidst opposition

Minister for Industry and Commerce Nirmala Sethuraman met stakeholders from e-commerce as well as industry bodies on Thursday, May 14, 2015 to discuss various issues like taxation as well as FDI for e-commerce.

In the meeting, attended by representatives from NASSCOM, FICCI, COO, CII, CAIT, Amazon, eBay, etc., proposals were put forward to increase the FDI limit for e-commerce to 100 per cent. The proponents of this were of the view that it would encourage smaller e-retailers while making the retail ecosystem more competitive.

“FICCI feels that FDI should be allowed in B2C e-commerce, with a focus on sourcing from manufacturers and in a phased manner. The idea is to emphasize that there has to be a parity  between online and offline retail policy with respect to FDI levels,” said FICCI in a statement.

NASSCOM, too, has acknowledged its support to increase FDI limit to 100 per cent.

However, it is a given that any increase in FDI for e-retail will be hotly contested by traditional retailers and industry bodies representing them. For example, there were reports that a number of retailers had boycotted the meeting to show their stance against an increase in FDI. The Retailers Association of India (RAI), which did not participate in the meeting, has also spoken out against, what it calls, “double standard” with regards to FDI for B2C e-commerce and multi-channel retail.

Thursday’s meeting was the first of a number of such discussion forums being planned between the Ministry and retailers. FICCI said that the Minister has asked the body to conduct a study on the issue and submit it in a month’s time.

Anil Uniyal, CEO, Bloomberg|Quint, on his business objectives, the reason behind pushing back the launch of the channel and more

Oracle India believes that marketing has entirely evolved because of the change in the buying process of customers

Dennis Oudejans, CEO, AdVoice, on the journey so far, targeted AdVoice networks and his vision for the company

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

Accessible luxury footwear brand Oceedee has launched its digital-first brand campaign to unveil its proposition - Strut Your Quirk

A stylish new global advertising campaign celebrating the art of living well – the ‘Art of Savoir-Vivre’ - brings to life the heart and soul of Belmond and its global travel experiences –a world full...