By Shawn Lim

India’s new foreign direct investment (FDI) restrictions on e-commerce in the country are set to impact both foreign and local brands.

The new FDI restrictions, which will come into effect from February 1, states that “An entity having equity participation by e-commerce marketplace entity or its group companies or having control on its inventory by e-commerce marketplace entity or its group companies, will not be permitted to sell its products on the platform run by such marketplace entity.”

This means that investment plans by Amazon and Walmart-owned Flipkart could be delayed or derailed as the Indian government seeks Read full story ›

Source: The Drum