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The decision to permit FDI in an inventory-based e-commerce model only for export purposes will give a major boost to the shipments of handicrafts and ODOP goods, an official said. One District One Product (ODOP) is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) for promotion of at least one product from each district of the country. As of date, 1,244 products have been identified across 773 districts in the country under the ODOP framework. "Goods made by MSMEs and handicraft artisans will now get huge opportunities to access global markets through this easing of the FDI norms," the official said, adding extensive consultations have been done to finalise the changes. On July 23, 2026, the government amended the Foreign Direct Investment (FDI) policy and stated that the restrictions on the inventory-based model of e-commerce will not apply in case of exports of domestically manufactured products. The move is aimed at facilitating greater expor
Traders' body CAIT on Thursday accused Metro AG of fund diversion and violating FDI regulations in India, a charge which the German cash-and-carry major rejected as "false and malicious". The Confederation of All India Traders (CAIT) raised serious objections over the business practices of Metro AG's Indian subsidiary Metro Cash & Carry. Metro Cash & Carry India currently operates 31 stores in the country under the brand Metro Wholesale. Metro AG, which had entered the Indian market in 2003, is now reportedly scouting for a partner to sell a majority stake in its Indian subsidiary. Several entities, including Amazon, Thailand's Charoen Pokphand (CP) Group, Reliance Retail, Avenue Supermarts (D-Mart), Tata Group and Lulu Group, are said to be in the race to acquire the majority stake. "As per the media reports Metro Germany is looking to sell the India business and make profits of over Rs 10,000 crore on its investment in India which is nothing but the diversion of funds by ...