Promising for new entrants

Lubeina Shahpurwala, Co-Director, Mustang Enterprises

The new government?s take on the liberalisation of FDI in e-commerce will provide the much-needed confidence in Indian markets, which will not only create a healthy competition with established players but it will also give new entrants and a solid platform to reach new consumers, expansion of markets and growing businesses. Also, the approval on manufacturers being able to sell products through retail and e-commerce platform through a single window approval process will tremendously affect the small manufacturing industries especially the apparel and the fashion accessory industry, as it will create the process quicker during the product export process. Another good news is the Rs 200 crore allocated to six textile clusters, which will give a boost to the production of raw material and we will have multiple raw material suppliers to choose from.