Govt calls stakeholder meeting to discuss FDI in E-commerce

[Navjot Singh]

The government will hold a meeting of all the stakeholders including industry chambers CII and Ficci on Thursday on foreign direct investment in e-commerce retailing.

The meeting would be chaired by commerce and industry minister Nirmala Sitharaman, an official said.
Major domestic e-commerce companies such as Flipkart and Snapdeal may also be present in the meeting.

Meanwhile, pressure is also mounting on India for relaxing foreign direct investment norms in the e-commerce sector at the Regional Comprehensive Economic Partnership (RCEP) negotiations.
RCEP comprises 10 ASEAN nations and its six free trade agreement partners -- India, China, Japan, Korea, Australia and New Zealand. These nations are negotiating a mega trade deal.
Japan, one of the key members of the RCEP, had floated a paper proposing relaxation in the FDI norms in the e-commerce sector.

Govt calls stakeholder meeting on e-commerce FDI policy on Thursday - Livemint

 

[Sushubh]

I wonder when would they have a detailed talk on taxation on online deliveries.

 

[Navjot Singh]

Government to stay 51% FDI in e-commerce for now - MediaNama

The government has stayed on its decision to allow 51% stake for foreign investors in multi-brand retail in India, reports the Indian Express. The commerce ministry will conduct multiple rounds of consultations with state governments and other concerned ministries before it takes a decision on allowing Foreign Direct Investment (FDI) above 51%. Commerce minister Nirmala Sitharaman’s predecessor Anand Sharma had said that he was in favor of allowing 100% FDI in the e-commerce sector.

Yesterday, the government held discussions about issues in FDI with stakeholders like Flipkart, Snapdeal, eBay, Ikea, Amazon, Decathlon and bodies like FICCI, NASSCOM and CII. These included taxation, inclusion of e-commerce within the domestic trade policy framework, definition of e-commerce and level playing field between e-commerce and physical companies with Sitharaman.