Rules to be clarified for the policy change, says Goyal

E-COMM FIRMS MAY BE ALLOWED TO KEEP INVENTORY EXPORTS

- MUKESH JAGOTA

THE GOVERNMENT IS examining a proposal to allow e-commerce companies with majority foreign holdings to build their own inventory of goods for exports from India, commerce and industry minister Piyush Goyal said.

Under the existing rules, the foreign e-commerce companies can only operate as marketplaces in the domestic market and are not allowed to hold their own inventory.

The move will help increase e-commerce exports from India without impacting the business of small retailers, the minister said.