Single brand retailers will now be able to start online sales before they set up brick-and-mortar stores but will need to open these within two years. The two-year period, however, may not be enough for retailers to set up stores at prime locations Shubhranshu Pani A positive consumer-centric move, it will bring the Indian market
Shobhit Agarwal The government is on a roll and is making concerted efforts to bring India’s economic growth back on track. In line with overall demand, the government yesterday relaxed FDI norms in single-brand retail and expanded the definition of mandatory 30% domestic sourcing norms. This is excellent news for foreign retailers giants like IKEA
Operators of e-commerce marketplaces can no longer be involved with sellers directly or indirectly, and cannot influence prices or offer their services discriminatingly The government has tightened the norms for conducting e-commerce business in India, and the ‘clarified’ policy will come into effect from 1 February 2019. According to the policy (Press Note No. 2
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