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Apparel and Textile News

More Clarity On FDI In E-Commerce Sought By US

The US has pitched for foreign direct investment (FDI) in India's multi-brand retail and e-commerce sector, saying it expects some progress on these issues even as it sought more clarification on sectors where foreign investment caps have been hiked. "There has not been progress in FDI in multi-channel (brand) retail as well as web-based (e-commerce) retailing in which we hope to see more progress," US under secretary of commerce for…
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Apparel and Textile News

Manufacturing Units Can Sell Products Through E-Commerce

Manufacturing units set up through foreign direct investment (FDI) can sell their products through retail including e-commerce platforms without any additional approval. This clarification was given by commerce and industry minister Nirmala Sitharaman in a written reply in Rajya Sabha, the upper house of Parliament. Mentioning the steps taken for effective expansion and foreign investment promotion of e-commerce in India, Sitharaman said the present FDI policy provides up to 100…
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Apparel and Textile News

FDI In E-Commerce Retail Not Under Consideration

Allowing foreign direct investment (FDI) in India's e-commerce retail sector is not among the plans being considered by the government at present, union commerce and industry minister, Nirmala Sitharaman has said. In a written reply to Rajya Sabha, she said, "No such proposal is under consideration of the government" At present the government is holding consultations with different states and stakeholders on the various issues related to e-commerce, including its…
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FDI In Textile Sector

  S K Gangwar - Textile-Minister The source-wise details of Foreign Direct Investment made in textile sector in the country from April 2011 to May, 2014 are given in Annexure. Government is implementing various schemes to ensure the maximum utilisation of FDI in textile sector like Technology Upgradation Fund Scheme (TUFS), Scheme for Integrated Textile Parks (SITP), Integrated Skill Development Scheme (ISDS), Scheme for development of Technical Textiles, Schemes for the development…
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