Alibaba Group's Global MD meets Nirmala to discuss e-commerce

Chinese e-commerce major Alibaba Group's Global Managing Director K Guru Gowrappan today met Commerce and Industry Minister Nirmala Sitharaman to explore investment opportunities.

Huge opportunities exist for such big firms to invest in the country's e-retail sector, an official said.

As per policy, 100 per cent FDI is permitted through automatic route in the marketplace format of e-commerce retailing.

However, foreign direct investment (FDI) has not been permitted in inventory-based model of e-commerce.

Alibaba.Com has been operating in India since 2007. The marketplace had around 6 million registered Indian buyers and sellers as of early 2016.