Handicraft, ODOP items to get major exports boost from FDI in inventory-based e-comm: Official

Synopsis New FDI rules permit inventory-based e-commerce solely for export purposes. This change will significantly boost shipments of Indian handicrafts and ODOP goods. MSME and artisan products will gain greater access to global markets. The government aims to facilitate increased exports through this policy amendment. This move is expected to enhance India’s current e-commerce export figures. New Delhi: The decision to permit FDI in an inventory-based e-commerce model only for export purposes will give a major boost to the shipments of handicrafts and ODOP goods, an official said. One District One Product (ODOP) is an initiative of the Department for…