mumbai ebay chief executive officer devin wenig said the us online marketplace will reenter india amidst the governments latest foreign direct investment fdi guidelines on ecommerce companiesthere wont be one or two parties that make up the entirety of the indian ecommerce opportunity and we certainly intend to have a share of it wenig said at an investors call on wednesdayhe was responding to a query on whether there is a new window for ebay in india after the new foreign direct investment policy there are multiple opportunities there are other parties that have approached us about potential collaboration we will see how that goes i think the indian market is still in its early phases there is plenty of growth left wenig told analysts advt in december last year the government tightened norms for fdifunded ecommerce companies including flipkart and amazon and said such entities cannot exercise ownership or control over inventory they must provide services such as warehousing logistics and advertising to all sellers in a fair manner it also disallowed ecommerce companies from entering into pacts for exclusive sale of products and from holding equity stakes in their sellers the new fdi norms are due to take effect from february 1ebay entered the country in 2004 and began operations by acquiring bazeecom in 2017 flipkart bought ebay india and shut its operations in the middle of 2018 which also terminated flipkarts licence to use ebayin brandebiz fdi rules will continue engaging with government to seek clarifications says amazonebiz fdi rules flipkart amazon continue to push for feb 1 deadline extensionfdi rules may take away 50 of amazon flipkarts businessesindia says it is not extending feb 1 deadline for ecommerce norms experts feel ebays relaunch is among the hundreds of online marketplaces that could enter indias online market especially ones that suffered or shut shop due to the deep discounting strategy offered by heavily funded online platformsif the government allows a level playingfield and new guidelines are implemented strictly there will be a plethora of startups who had buckled due to cash burn that will get into online retailing kumar rajagopalan chief executive officer of the retailers association of india rai said there will be a resurgence of two types of players pure play marketplaces such as ebay and sellers who have been competing with online companies instead of other vendors in the same marketplace advt unlike flipkart and amazon that have holding companies in wholesale and retail operations as well as indirect investments in other retailers and brands ebay followed a pureplay marketplace model and gained just from transaction advertising and listing fees from sellers last year ebay had hinted it will start india operations with indian sellers selling on other marketplace platforms around the world followed by reintroduction of indiafocussed portal by sagar malviya et bureau published on feb 1 2019 at 0956 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all