INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Industry players have asked the government to examine the possibility of allowing FDI in the inventory-based model for e-commerce
only for the purpose of exports, Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said on Friday.The suggestion, if
for exports could ensure faster deliveries and better capital management
exports, which have the potential to touch $200 billion in the next six-to-seven years
We need to bring about a lot of changes in the way logistics is handled in India, the way policy-making happens, the way RBI looks at
For instance, the government is trying to resolve issues related to export credit availability and payments.Besides, many e-commerce
exporters are subjected to a mandatory GST regime, said Sarangi, adding that discussions with the department of revenue are in progress to
see if a similar scheme like composition levy scheme for smaller players can be in place.
