TMI BlogGuidelines for Foreign Direct Investment (FDI) on E-commerceX X X X Extracts X X X X X X X X Extracts X X X X ..... s products manufactured in India through e-commerce retail. ii) A single brand retail trading entity operating through brick and mortar stores, is permitted to undertake retail trading through e-commerce. iii) An Indian manufacturer is permitted to sell its own single brand products through e-commerce retail. Indian manufacturer would be the investee company, which is the owner of the Indian brand and which manufactures in India, in terms of value, at least 70% of its products in house, and sources, at most 30% from Indian manufacturers. 2.0 In order to provide clarity to the extant policy, guidelines for foreign direct investment on e-commerce sector have been formulated and are enumerated below: 2.1 Definitions: i) E-commerce- E-c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tered on its platform on B2B basis. iii) E-commerce marketplace may provide support services to sellers in respect of warehousing, logistics, order fulfillment, call centre, payment collection and other services. iv) E-commerce entity providing a marketplace will not exercise ownership over the inventory i.e. goods purported to be sold. Such an ownership over the inventory will render the business into inventory based model. v) An e-commerce entity will not permit more than 25% of the sales affected through its marketplace from one vendor or their group companies. vi) In marketplace model goods/services made available for sale electronically on website should clearly provide name, address and other contact details of the seller. Pos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... FDI in B2C e-commerce is permitted in following circumstances: i) A manufacturer is permitted to sell its products manufactured in India through e-commerce retail. ii) A single brand retail trading entity operating through brick and mortar stores, is permitted to undertake retail trading through e-commerce. iii) An Indian manufacturer is permitted to sell its own single brand products through e-commerce retail. Indian manufacturer would be the investee company, which is the owner of the Indian brand and which manufactures in India, in terms of value, at least 70% of its products in house, and sources, at most 30% from Indian manufacturers. 2.0 In order to provide clarity to the extant policy, guidelines for foreign direct investment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s etc. ii) Marketplace e-commerce entity will be permitted to enter into transactions with sellers registered on its platform on B2B basis. iii) E-commerce marketplace may provide support services to sellers in respect of warehousing, logistics, order fulfillment, call centre, payment collection and other services. iv) E-commerce entity providing a marketplace will not exercise ownership over the inventory i.e. goods purported to be sold. Such an ownership over the inventory will render the business into inventory based model. v) An e-commerce entity will not permit more than 25% of the sales affected through its marketplace from one vendor or their group companies. vi) In marketplace model goods/services made available for sale e ..... X X X X Extracts X X X X X X X X Extracts X X X X
|