Foreign investment is now permitted in export-only ecommerce inventory operations. Companies must register as Exporter-on-Record to stock goods solely for overseas sales. Goods must be manufactured or produced in India and procured against confirmed export orders. This framework aims to boost Indian manufacturers' participation in global e-commerce supply chains. Safeguards ensure timely payments and regulatory oversight for export compliance.
Notifying norms for the implementation of this decision, DGFT said an ecommerce company, with foreign investment, will have to register as an 'exporter-on-record' with the government to keep goods in stock only for exports through the online medium.
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Foreign investment is now permitted in export-only ecommerce inventory operations. Companies must register as Exporter-on-Record to stock goods solely for overseas sales. Goods must be manufactured or produced in India and procured against confirmed export orders. This framework aims to boost Indian manufacturers' participation in global e-commerce supply chains. Safeguards ensure timely payments and regulatory oversight for export compliance.
