Nikhil Rungta was closely associated with rolling out Google India's entire gamut of services including Youtube, Chrome and Google+.
According to sources in the Future Group, it plans to tie up with international retailers in different segments. "We can certainly look at bringing in foreign capital to our subsidiaries now," said a group official, who did not wish to be quoted. Under the new guidelines, downstream investments by an Indian company that has foreign investment but is owned and controlled by Indians will not be considered as FDI.
Though e-commerce opens a new world for the handicraft industry, empowering craftspersons still remains a real challenge.
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