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India likely to announce foreign investment in e-commerce next month-sources

04
Jun
2014

MUMBAI/NEW DELHI (Reuters) – Prime Minister Narendra Modis government could allow foreign direct investment in Indias e-commerce sector as early as next month, paving the way for global online retailers such as Amazon to expand their business, four people with knowledge of the matter told Reuters. India currently bans global online retailers from selling goods directly to customers but allows them to own 100 percent of a marketplace business, where third-party suppliers can use their platform. When asked about the decision, a spokesman for Indias commerce and industry ministry declined to comment.

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