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In a letter to Division for Promotion of Trade and Inner Commerce (DPIIT) Secretary Anurag Jain, the chamber stated the loopholes within the present coverage are being exploited by on-line retailers to hold out inventory-based e- commerce/multi-brand retail commerce within the garb of working market platforms.
“We, subsequently, urge you to launch the clarification to the FDI coverage in e-commerce by plugging the loopholes,” it stated.
The current coverage permits 100 per cent FDI in market e-commerce platforms and prohibits international direct funding in inventory-based fashions of e-commerce.
A report of the Parliamentary Standing Committee on Commerce has made some key observations and proposals within the curiosity of the Indian client and different stakeholders who not solely affect the shoppers’ decisions in e-commerce but additionally form the e-commerce ecosystem, it added.
