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Aug 22, 2014
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Same rule for e-tail and multi-brand: Nirmala Sitharaman
Several e-commerce firms that operate in the B2C (business-to-consumer) space but whose affiliates in the B2B space have foreign direct investment are likely to be in trouble going by a statement made by commerce and industry minister“FDI is banned in multi-brand retail and the same applies to e-commerce also,” she said at the Indian Express Group’s Idea Exchange programme.
Source -
http://www.financialexpress.com
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