Commerce and Industry Minister Piyush Goyal on Monday said that online retailers who want to join the government-promoted Open Network for Digital Commerce (ONDC) should come with a serious commitment, and not for namesake.
ONDC, a non-profit company, formulates a set of standards for voluntary adoption by sellers or logistics providers or payment gateway operators. ONDC will require an undertaking from each participant at the time of onboarding that it will comply with the policy in its entirety.
It aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-commerce medium.
The minister said that a significant number of sellers on the network is itself a testimony to ONDC's impact as digital commerce is being reimagined.
Any marketplace joining ONDC should come with serious commitment, and not for namesake," Goyal said.
He also pointed out that when a platform comes on ONDC, it should be in the spirit of give and take, and not just simply taking benefit from the network without contributing back to its progress.
India should target $350 bn exports through e-commerce by 2030: GTRI
Crude oil imports up 52.58% to $146.57 bn in Apr-Nov: Comm min data
ONDC to support small retailers against large tech-based e-com firms: Goyal
Traders demand rollout of robust e-com policy, formation of regulator
Stocks to Watch: Tata Motors, HCL Tech, Ultratech, NBCC, Mastek, Tata Comm
Govt to soon declare national tourism policy: Union Minister Reddy
Disaster Risk Reduction meeting in Mumbai to focus on risk financing
Wants to take relations with Australia to next level: PM Modi to newspaper
Clarity needed on TCS levy on credit card payments, says tax experts
CM Dhami seeks data on govt land grabbed by people from state, outsiders
The minister was virtually addressing the ONDC Elevate programme in Bengaluru.
From the launch of beta testing on September 29, 2022, ONDC has scaled to 36,000 sellers, and over 45 Network participants.
It is getting a weekly average of over 13,000 retail orders and over 36,000 mobility rides per day with peak transactions reaching 25,000 retail orders a day.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)