FDI policy rejig: Centre seeks views on allowing inventory

India is considering allowing foreign investment in inventory-based e-commerce, but strictly for export purposes. This move aims to boost outbound trade without impacting domestic retailers. The proposal, under examination by the DPIIT, seeks to leverage e-commerce for global reach, potentially unlocking significant growth in India’s currently modest $2 billion e-commerce exports. The Commerce and Industry Ministry has circulated a proposal seeking comments from various central government departments on allowing foreign direct investment (FDI) in the inventory-based model of e-commerce, but only for export activities, PTI reported citing an official. The proposal, initiated by the Directorate General of Foreign Trade (DGFT),…