User: rohan Topic: Foreign Direct Investment in Retail
Category: Foreign Direct Investment in Retail
Last updated: Feb 15 2019 16:31 IST RSS 2.0
 
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New FDI rules sour India dream for Walmart 15.2.2019 Rediff: Top Stories (India)
For now Walmart has said it remains optimistic about India. But that could change without prior notice, says Nivedita Mookerji.
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US may withdraw zero tariffs for India 9.2.2019 The Assam Tribune
US may withdraw zero tariffs for India
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Walmart bets on India despite change in FDI norms 7.2.2019 Sify Finance
American retail giant Walmart and its Indian e-tail major Flipkart are betting big on India despite the revised norms for Foreign Direct Investment (FDI) in e-commerce, the companies said.
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Consultations begin on drafting e-comm policy 5.2.2019 Financial Chronicle
Chennai The newly renamed department of promotion of industry and internal trade has started consulting various stakeholders on drafting an e-commerce policy. The department has started consulting e-commerce companies, IT industry body, payment companies and other tech companies as part of the exercise, sources said. But some of the e-commerce players said that they were still waiting for the meeting with the department officials. It has not consulted retail entities or retail industry bodies either. “Setting up a regulator for the e-commerce sector is one of the topics the department is seeking opinion of the industry. The new FDI rules also will be incorporated in the policy. It will also look into payment and logistics related matters concerning the e-commerce industry,’ said an industry insider. The e-commerce companies had earlier complained that they were not consulted before the government issued clarification of its FDI policy for e-commerce. Even after issuing the press note 2, the companies ...
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Retail sector investments double to Rs 1,300 crore in 2018 24.1.2019 Financial Chronicle
Chennai Investments in the retail sector doubled in 2018 to Rs 1300 crore as the sector received Rs 5500 crore investments in the past four years. Entry and expansion of global players and developmental activities in tier II and III cities will see organized retail growing to $209 billion by 2020, finds Anarock Retail. In 2018, development of retail real estate grew to Rs 1300 crore from Rs 600 crore in the previous year. However, in 2016, the sector had attracted investment of Rs 3100 crore. “With a new regulatory environment being created plus further easing of FDI policies, investments poured in to the tune of Rs 1,300 crore in 2018,” found Anarock. The increased investment will see addition of around 39 million sq. ft. of organized retail space between 2019 and 2022. Out of this supply, about 71 per cent will be developed in metros and tier 1 cities and the remaining 29 per cent will be in tier 2 and 3 cities like Ahmedabad, Bhuba­neshwar, Ranchi, Kochi, Lucknow, Surat and Amritsar. Development of in ...
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Traders resent RIL bid to enter e-commerce 21.1.2019 Financial Chronicle
Chennai Traders, who have been critical of the operations of FDI-funded multi-national e-commerce biggies, are not happy about the entry of Reliance Industries either. They want rules to be applicable alike for both multinationals and domestic players. However, the industry reckons that it would be tougher to get the new norms eased for multinational players, with Reliance announcing its foray into the e-commerce sector. The current regulations and norms in the e-commerce space are mostly meant for the FDI-funded entities. These may not be applicable for Reliance, as it does not need FDI to fund its e-commerce venture. “Whosoever launches an e-commerce portal, it should be based on fair fundamentals and not on malpractices, which includes predatory pricing, deep discounting, loss funding or exclusivity. We have seen in the past that big corporate houses are more interested in generating profits rather than serving as a strong conduit of supply chain,” said the Confederation of All-India Traders ...
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Domestic, foreign e-commerce players should be treated alike: Cuts International 7.1.2019 Sify Finance
The government needs to create a level-playing field for both domestic and foreign e-commerce platforms through a comprehensive e-commerce policy, said Pradeep S. Mehta, Secretary General, CUTS International on Sunday.
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DIPP Clarification regarding Press Note 2 (2018) 4.1.2019 Govt of india: PIB
FDI policy on e-commerce, first pronounced through Press Note 2 of 2000, permitted 100% FDI in B2B e-commerce activities. With a view to clarify the already existing policy framework, after extensive stakeholder consultations, Press Note 3 was issued by DIPP in 2016.
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E-commerce FDI policy bars foreign investment in multi-brand retail: Government 4.1.2019 Sify Finance
The Centre on Thursday said the Foreign Direct Investment (FDI) policy on e-commerce does not allow foreign investments into multi-brand retail.
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E-commerce rules do not allow foreign investment in multi-brand retail: DIPP 3.1.2019 Zee News : Business
These clarifications have come against the backdrop of new provisions announced by the DIPP related to FDI in e-commerce sector last month.
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After a year of reckoning, realty stares at turbulent recovery 30.12.2018 Sify Finance
-segment housing driving sales amidst largely stagnant prices, the liquidity crisis gripping NBFCs, a major source of funding for realty, put the brakes on recovery. And with the assembly polls and upcoming general elections further casting a pall of uncertainty over the liquidity situation in the New Year, real estate is headed for a turbulent turnaround.
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New e-commerce norms to impact e-tailers: Flipkart 28.12.2018 Sify Finance
The policy changes the government announced on Wednesday for the e-commerce sector would have long term implications, said leading e-tailer Flipkart on Friday.
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No more deep discounts? Changes in e-commerce norms will hurt Amazon and Flipkart 28.12.2018 Scroll.in
The changes follow complaints that the country’s largest e-tailers were indulging in predatory pricing.
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A promising outlook 28.12.2018 Financial Chronicle
India is likely to emerge as one of the world’s top three growing economies by 2020. Investors also believe that India will be among the world’s top three destinations for manufacturing and develop into a regional as well as global hub for operations in the next few years. According to EY’s 2015 India attractiveness survey, 32 per cent of the respondents ranked India as the most attractive investment destination globally, while 60 per cent placed the country among the top three investment destinations. The country’s vast domestic market and low-cost, skilled labor market continue to be its most attractive features. Key growth drivers for India’s mutual fund industry are: *Strong macro-economic fundamentals In 2015, India overtook China to become the fastest growing major economy globally, with a GDP growth rate of 7.3 per cent. The GDP growth is expected to increase further to 7.6 per cent for 2016, driven by strong farm output and an improvement in electricity generation and mining. In the past few ...
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India eyes $100-bn FDI in next two years; Plans industrial clusters for some countries: Prabhu 27.12.2018 Zee News : Business
The commerce and industry minister said his ministry has also identified sectors and countries which holds huge potential for investments in India.
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Centre tightens e-commerce norms to protect offline stores 27.12.2018 Sify Finance
The government on Wednesday tightened e-commerce norms and barred online retail firms like Amazon and Flipkart from selling products of companies in which they have stakes, Ministry of Commerce and Industry said in a statement.
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Govt toughens norms for e-commerce firms, bars exclusive deals 26.12.2018 Zee News : Business
The revised 'policy on foreign direct investment in online retail' would be effective from February 2019.
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Why discounts from Amazon, Flipkart may be history 26.12.2018 Rediff: Top Stories (India)
Government's decision comes in the backdrop of several complaints being flagged by domestic traders on heavy discounts being given by e-commerce players to consumers.
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Govt tighten norms for e-commerce companies for sale of products 26.12.2018 Zee News : Business
The commerce and industry ministry also prohibited e-commerce companies from entering into an agreement for exclusive sale of products.
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Year End Review- 2018: Cabinet & CCEA 14.12.2018 Govt of india: PIB
03 Jan 2018   Cabinet gives approval to the Approach to be adopted by India at the Eleventh Ministerial Conference of the WTO held in Buenos Aires, Argentina during 10-13 December 2017   The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given ex-post facto approval to the Note submitted by the Department of Commerce and approved the approach to be adopted by India at the Eleventh Ministerial Conference of the WTO held in Buenos Aires, Argentina in December 2017.
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