Foreign investment can directly invest in India's electricity business industry

Absrtact: June 4 (Reuters)-Narendra Modi, the newly elected prime Minister of India, may be announced as early as next month that foreign investors can invest directly in India's Narendramodi industry, according to sources quoted in Wednesday. If the news is true,

June 4, Reuters quoted sources in Wednesday reported that India's newly elected Prime Minister Narendra (Narendra Modi) led by the government may be announced as early as next month, foreign investors can directly invest in India's electricity business sector.

If the news is true, it will pave the way for further expansion of the Indian market by Amazon and other international power producers.

More prosperous online retailing will spur manufacturing and help India's economic recovery, sources said, who have been anonymously involved in discussions in the new Indian government. The news is expected to be made public in the next month's budget.

Currently, India bans global internet retailers from selling goods directly to consumers in the country, but allows them to have 100% of their proprietary trading venues and provide a platform for third-party suppliers. At present, Amazon and ebay in India's business is to adopt the above model.

A spokesman for India's Ministry of Commerce and Industry declined to comment on the report. (LI)