Panel on e-commerce to review sector's FDI rules
The Centre has decided to set up a committee, to be headed by the NITI Aayog CEO, to look into issues including foreign direct investment norms pertaining to the e-commerce industry in the country, an official has said. Currently, 100% FDI is allowed through automatic route in the marketplace format. However, no FDI is permitted in the inventory-based e-commerce models.