India: Single-brand retailers with FDI can now set up e-commerce portals and sell online

India: Single-brand retailers with FDI can now set up e-commerce portals and sell online

Photo: Pradeep Gaur/Mint

The government on Tuesday allowed single-brand retailers with foreign investment to sell online, a move that could clear the way for companies such as Swedish furniture retailer Ikea and fashion retailer Hennes and Mauritz AB to set up e-commerce portals in the country.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter