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FDI changes in e-commerce unlikely to impact jobs

The government in its FDI policy has said that e-commerce player cannot offer heavy discounts nor can have exclusive partnerships for sales

December 27, 2018 / 18:28 IST
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M Saraswathy Moneycontrol News

The new foreign direct investment (FDI) policy in the e-commerce sector may not impact jobs immediately, according to human resource experts.

While the government has barred companies from exclusive tie-ups with portals and offering bumper offers during festivals, jobs could continue to grow.

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Mayur Saraswat, Head Sales-Digital, TeamLease Services told Moneycontrol the move is unlikely to impact jobs even though e-commerce players could be required to tweak their business models.

The new FDI policy released by the government on December 26 aims to protect the interests of local businessmen, who had accused the online marketplaces of butchering their revenue. However, as a side effect, consumers may have to part ways with the bumper discounts on elite brands in fashion and electronics, especially smartphones which come up every year around Diwali.