India proposes tweaks to foreign investment rules for exports in possible win for Amazon


FILE PHOTO: A delivery worker of Amazon carries a packet to deliver it to a customer at a residential apartment in Ahmedabad, India, March 17, 2021. Picture taken March 17, 2021. REUTERS/Amit Dave/File Photo

NEW DELHI (Reuters) -India's government has drafted a proposal to ease foreign investment rules to allow e-commerce companies like Amazon to buy products directly from Indian sellers and then sell them to overseas customers, a document showed.

India currently prohibits foreign e-commerce companies from selling goods directly to consumers either at home or abroad, allowing them only to operate a marketplace to connect buyers and sellers for a fee.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Windows running slow? Microsoft’s 11 quick fixes to speed up your PC
Meta to let users in EU 'share less personal data' for targeted ads
Drowning in pics? Tidy your Mac library with a few clicks
Flying taxis to take people to London airports in minutes from 2028
Smartphone on your kid’s Christmas list? How to know when they’re ready.
A woman's Waymo rolled up with a stunning surprise: A man hiding in the trunk
A safety report card ranks AI company efforts to protect humanity
Bitcoin hoarding company Strategy remains in Nasdaq 100
Opinion: Everyone complains about 'AI slop,' but no one can define it
Google faces $129 million French asset freeze after Russian ruling, documents show

Others Also Read