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Tag: e-commerce

Govt Okays 100% FDI In E-Commerce
Apparel and Textile News Global News Retail News

Govt Okays 100% FDI In E-Commerce

The government has okayed 100 per cent Foreign Direct Investment (FDI) in marketplace e-commerce, where the company only provides platform for buyer and seller to connect. “100 per cent FDI under automatic route is permitted in marketplace model of e-commerce,” the Department of Industrial Policy and Promotion (DIPP) said in a press release. “FDI is […]

Alibaba Plans To Enter India
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Alibaba Plans To Enter India

Chinese e-commerce major Alibaba is planning to enter India this year, a top company official has said. “We are planning to enter the e-commerce business in India in 2016. We have been exploring very carefully the e-commerce opportunity in this country, which we think is very exciting on the backdrop of Digital India,” Alibaba Group […]

Amazon, Most Trusted Online Brand
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Amazon, Most Trusted Online Brand

E-commerce major Amazon’s Indian arm has been voted by customers as the country’s most trusted online shopping brand for the second consecutive year as per TRA’s Brand Trust Report, according to an Amazon India release. Amit Agarwal, vice president and country manager, Amazon India said, “We are truly humbled by this recognition and thank customers […]

Govt Clarifies FDI Position In E-Commerce
Apparel and Textile News Global News Trade Info News

Govt Clarifies FDI Position In E-Commerce

Commerce and industry minister Nirmala Sitharaman said in a written reply in Rajya Sabha that foreign investment in Business to Customer (B2C) e-commerce activities has been opened in a calibrated manner. She listed three circumstances under which an entity is permitted to undertake retail trading through e-commerce. First, a manufacturer is permitted to sell its […]

Govt Mulls Selling Chanderi Fabric Online
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Govt Mulls Selling Chanderi Fabric Online

The government is toying with the idea of allowing online sale of Chanderi fabric among a clutch of other products identified closely with a place. The study of Geographical Indication (GI) commissioned by the department of commerce has suggested using e-commerce to enhance the reach of India’s GI products and eliminate middlemen to allow producers […]

E-Commerce May Touch $50 Bn By 2020
Apparel and Textile News Retail News

E-Commerce May Touch $50 Bn By 2020

India’s booming e-commerce market size is expected to grow almost five fold to 40 to 50 billion US dollar by 2020 from about 8 to12 billion US dollar presently, according to a report. The projection is modest compared to an Assocham report that had said India’s e-commerce market is already worth 23 billion US dollar. […]

E-Commerce Website In India By Landmark Group
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E-Commerce Website In India By Landmark Group

UAE based multi format retailer Landmark Group has launched its e-commerce website in India, which will feature over 10,000 products across women, men and kids’ apparel, footwear, accessories and beauty products. “Designed and built completely in-house, Landmarkshops.in aspires to make shopping household Landmark Group brands simpler, easier and more convenient,” a Landmark release said. “We’re […]

Salman Launches Own E-Commerce
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Salman Launches Own E-Commerce

Bollywood actor Salman Khan has become the latest celebrity to join the e-commerce startup bandwagon as he launched a new e-commerce website called KhanMarketOnline.com, on his 50th birthday recently. Salman has already been retailing products for his fashion brand ‘Being Human’ through standalone stores, department stores and e-commerce websites. With KhanMarketOnline.com, the actor has forayed […]

More Spending To Speed Up Delivery
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More Spending To Speed Up Delivery

E-commerce player Snapdeal, will spend more on logistics and technology to better compete with Flipkart and Amazon’s Indian unit, its co-founder has said. With online shopping becoming more popular in India, e-commerce firms are struggling to cope with the growing demand and make faster deliveries in different parts of the country. The e-commerce market in […]

Govt To Define E-Commerce For Clarity
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Govt To Define E-Commerce For Clarity

The government is working on a proper definition to bring clarity on a host of issues including taxation for e-commerce companies in view of ‘very complex’ and ‘multi-layered’ business structure of these firms. Union commerce and industry minister, Nirmala Sitharaman said e-commerce is not a simple issue. She said state governments have given their inputs […]

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