Govt allows 100% FDI in B2B e-commerce
The
government on Tuesday clarified that 100 per cent foreign direct investment
(FDI) is allowed in online marketplaces, a move that will ostensibly come as a
relief to ecommerce companies such as Flipkart, Amazon India and Snapdeal but
the conditions imposed have been hailed as a victory by their brick-and-mortar
rivals.
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