New Delhi: India is preparing to ease foreign investment rules for e-commerce exports in a move that could benefit global players such as Amazon. According to draft proposals under review, foreign-owned online platforms may soon be allowed to directly purchase goods from Indian sellers for overseas customers, a shift from the current policy that restricts them to acting only as marketplaces.
The proposed changes would apply exclusively to exports and not to domestic sales, where restrictions would remain in place. A dedicated export entity linked to such platforms would manage compliance and documentation, ensuring that goods are sold abroad under strict regulatory oversight. The draft also outlines tough penalties for violations, including fines and possible criminal action.
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