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ARTICLE · 28 OCTOBER 2026

FDI In Inventory-Based Model Of E-Commerce Permitted Exclusively For Exports

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The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India, has, by way of Press Note No. 3 (2026 Series) dated July 23, 2026 (‘Press Note’), amended the Consolidated FDI Policy dated October 15, 2020 (‘FDI Policy’) in relation to inventory-based model of e-commerce.

IndiaInternational Law
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The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India, has, by way of Press Note No. 3 (2026 Series) dated July 23, 2026 (‘Press Note’), amended the Consolidated FDI Policy dated October 15, 2020 (‘FDI Policy’) in relation to inventory-based model of e-commerce. The Department of Economic Affairs (DEA), Ministry of Finance, Government of India has also, by way of the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2026 dated September 2, 2026 (‘Fourth Amendment’), amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (‘NDI Rules’) to carry out corresponding changes. Prior to the amendment, under the FDI Policy and the NDI Rules:

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