08 Aug 2016

India is one of the fastest growing e-commerce markets in the world and much to the relief of the e-commerce business in India, the Department of Industrial Policy and Promotion (DIPP) has brought much needed clarity to the scope of Foreign Direct Investment (FDI) in e-commerce activities vide the Press Note No.3 of 2016 (“Press Note”) which was later incorporated into the Consolidated FDI Policy Circular of 2016 brought out by the Ministry of Commerce and Industry on 7th June, 2016 (“FDI Policy 2016”). Until the said Press Note, up to 100% FDI was permitted, under automatic route, in Business-to-Business (B2B) e-commerce. The said Press Note sets out guidelines for foreign investment in the e-commerce sector.>>

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