Amazon FDI plea

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  • Published 13.02.13

New Delhi, Feb. 12: Global online retailer today sought relaxation of foreign direct investment norms in e-commerce to enable it to sell products directly in the country.

Amazon Global vice-president Paul E. Misener after his meeting with commerce minister Anand Sharma said the discussions covered “different issues”, including the possibility of changes in the policy that currently restricts them from retailing in the country.

“We talked to the government officials on all kinds of issues... (We are) trying to find a better way to serve our Indian customers, both sellers and buyers,” he told reporters.

An official of the department of industrial policy and promotion said the request would be considered and issues raised would be analysed, but any change in policy had to be a political decision.

The changes in the foreign direct investment policy in retail announced in September last year blocked foreign investments in e-commerce, while allowing up to 51 per cent FDI in multi-brand retail stores and 100 per cent FDI in single-brand retail.