FDI In Retail

Officials are likely to meet over a dozen e-commerce companies

Goyal said obviously if the company makes a loss of Rs 6,000 crore, they have to bring in money to pay for that loss

Currently, online sale by a single-brand retail player is allowed only after opening of physical outlet

Commerce and Industry Minister Piyush Goyal warns companies against circumventing rules on foreign direct investment in e-commerce.

The new regulations jeopardise Walmart's prospects in a market that it's banking on to drive growth abroad

The party conferences in markets and shopping malls in 75 districts will address traders' complaints about GST, e-commerce and foreign direct investment in retail.

FDI into the country grew 9 per cent to $43.47 billion in 2016-17

---Table sent with this story is not needed----Companies hopeful of getting into food retailing such as Amazon, Big Basket and Grofers have started putting together plans to do so, with the government again actively considering their proposals."We are just waiting for the final approvals. We have finished most of the initial work, including looking for retail spaces and deciding on the manpower. Our blueprint for our offline retail plan is also ready and our back-end is in place," a senior vice- president of one of these entities told Business Standard. In June last year, the government decided to allow up to 100 per cent foreign direct investment (FDI) in multibrand food retailing, including through e-commerce. However, the products have to be produced, processed or manufactured in the country.Multinational retailer Amazon had filed its application with the department of industrial policy and promotion (DIPP) in January. Domestic entities Grofers and Big Basket had earlier done so. ..