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Friday, September 21, 2012 - 12:51 IST
Devil in the fineprint: India keeps out e-commerce from FDI in multi-brand retail
BY TEAM VCC
For investors, this means they would continue to follow an indirect route to build exposure in India’s nascent but bustling e-commerce market.
The government has specifically excluded e-commerce firms from its decision to allow up to 51 per cent foreign direct investment (FDI) in multi-brand retail, the fine print of the formal notification of the policy move reveals.
In simple...
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