Latest Foreign Exchange Management News & Updates

Government Allows FDI in E-commerce for Exports to Boost Indian Products

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New Delhi, July 23 (IANS) The government on Thursday allowed foreign direct investment (FDI) in the inventory-based model of e-commerce exclusively for exports, a move aimed at boosting outbound shipments of Indian-made products by providing domestic sellers easier access to global markets without affecting the interests of small retailers.The Department for Promotion of Industry and Internal Trade (DPIIT), in a Press Note, said it has reviewed the existing FDI policy to facilitate greater expor…