New rules for e-commerce in India framed by the Department of Industrial Policy and Promotion bar any one merchant on sites such as Amazon, Flipkart or Snapdeal from accounting for 25 percent or more of total sales. The rules also stipulate that "e-commerce entities providing marketplace will not directly or...
Make in India Exhibition Gets Response
The Make in India week, organized by the Department of Industrial Policies and Promotion and the western state of Maharashtra created avenues for showcasing, connecting and collaborating for manufacturing in India. The response from corporate investors from domestic and international markets was significant , and 2,094 memorandums of understanding were...
India’s Direct Selling Industry to Exceed $10 Billion by 2025
According to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the audit, tax and advisory firm, KPMG, direct selling in India will go beyond the $10 billion mark by the year 2025. According to the report, the industry has recorded 16 percent growth over...
FDI into India rose 63% in February, Year over Year
The Hindu Business Line reports that according to data from the Department of Industrial Policy and Promotion, foreign direct investment in India jumped 63 percent to $3.28 billion in February, 2015. In February last year, the country had received FDI of $2.01 billion. In the 11-month period from April 2014...
French Companies to Invest $5 Billion in the Indian Insurance Industry
At an event organized by the French embassy and the Federation of Indian Chambers of Commerce and Industry, France’s ambassador to India Francois Richier said that France would invest $5 billion in India’s insurance business. “When you compare the share of French FDI (foreign direct investment), India receives 6% whereas...
Indian Government to Facilitate U.S. Investments
To bolster the renewed interest among American businessmen, the Indian government has constituted an inter-ministerial committee to ensure that investments from the U.S. do not run into roadblocks. Members of the committee include officials from the finance, environment, power, transportation, defense, civil aviation, telecom, health and external affairs ministries, and it...