Meeting On FDI In Ecommerce

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Meeting On FDI In Ecommerce www.ambitionias.com
  • Ministry of Commerce has called for a meeting between various e-commerce companies including Flipkart, Amazon, and industry chambers such as CCI, FCCI to discuss about FDI in e-commerce and its impact on the manufacturing sector in India.
  • This move came following a report by Department of Industrial Policy and Promotion on the possible impacts on FDI including:
  • Pros:
    • It will boost the infrastructure development
  • Cons:
    • Create large scale job issues
    • Impact the already declining manufacturing sector
  • While it would allow medium and small medium economies and artisans to reach out to a wider customer base, both within India and abroad, it would be against the spirit of FDI policy in multi-brand retail trading (MBRT).
  • Last year, govt allowed 51% FDI in MBRT.
  • Read at: http://www.thehindu.com/todays-paper/tp-business/fdi-in-ecommerce-industry-meeting-on-may-15/article6006817.ece

Exams Perspective:

  1. What is retailing?
  2. What is Multi brand retailing?
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