MUMBAI (Reuters) — India on Thursday proposed allowing foreign retailers, who manufacture products in the country, to sell via e-commerce platforms, a step towards liberalizing foreign investment in the country's $13 billion e-commerce sector.

The move is likely to benefit the local units of retailers such as Marks & Spencer Group Plc, Nike Inc, Puma SE and Benetton Group Spa among others, who currently sell online in India through local franchisees or licensing agents.

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