Govt Weighs Easing Export Rules For Amazon, Ecom Giants

The government plans to ease foreign investment rules by relaxing export restrictions for ecommerce multinationals like Amazon

The proposal seeks to simplify compliance as foreign ecommerce companies can operate only as online marketplaces as of now

The proposal, which awaits the Cabinet nod, faces resistance from small retailers fearing dominance of deep-pocket giants

In an attempt to ease foreign investment rules, the government has reportedly drafted a proposal to…