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Delhi High Court orders probe into FDI violation by e-commerce companies
Posted On: 20-11-2015 00:00:00 15

Flipkart and Snapdeal are among 21 e-commerce companies that the Indian government has been asked to probe for possible violations of foreign direct investment (FDI) regulations, as per a Delhi high court order. The websites were listed in a petition in July this year by the All India Footwear Manufacturers and Retailers Association. While Amazon is not listed, Amazon-owned Junglee.com features in the list.

The court was informed by the government that it had already begun an investigation of six e-commerce websites to establish if they had violated the FDI policy. The six names include Flipkart, which has been under the scanner since late 2012 for alleged violations of FDI rules. The investigation is expected to determine the nature of operation of the websitesóbe it B2B (business to business) or B2C (business to consumer).

India allows FDI in marketplaces (B2B), which connect buyers to sellers and provide services such as payments, promotion and delivery. India does not allow FDI in multi-brand retail (B2C), both offline or online. Offline retailers have alleged that under the garb of being marketplaces, many e-commerce websites with FDI investments are selling directly to consumers, thereby providing a back-door entry for FDI into retail.

 
 
 

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