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Piyush Goyal: Centre amends FDI rules to boost e-commerce, create opportunities for MSMEs

The revised FDI framework is aimed at enabling products such as handloom, handicrafts, textiles, footwear, and food items to reach larger domestic and global markets through e-commerce platforms

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Union Minister for Commerce and Industry Piyush Goyal. File Picture

Union Minister for Commerce and Industry Piyush Goyal. File Picture

Union Commerce and Industry Minister Piyush Goyal said on Friday that the Centre has amended India's Foreign Direct Investment (FDI) rules to facilitate large-scale e-commerce and create new market opportunities for micro, small and medium enterprises (MSMEs), artisans, farmers and fishermen. 

Speaking to the media after the BRICS Trade and Industry Ministers' Meeting in Jaipur, Goyal added that the revised FDI framework is aimed at enabling products such as handloom, handicrafts, textiles, footwear, and food items to reach larger domestic and global markets through e-commerce platforms.

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