Foreign investment in business to customer (B2C) e-commerce activities has been opened in a calibrated manner, Parliament was informed on Wednesday.
Commerce and Industry Minister Nirmala Sitharaman in a written reply to RS said that an entity is permitted to undertake retail trading through e-commerce under certain circumstances. She said a manufacturer is permitted to sell its product manufactured domestically through e-biz retail.
Also, a single brand retail trading firm operating through brick and mortar stores, is permitted to undertake e-retailing. “Foreign investment in business to customer (B2C) e-biz activities has been opened in a calibrated manner and an entity is permitted to undertake retail trading through e-biz under (certain) circumstances,” she said.