Niti Aayog extends deadline till May 15 for proposals on linking ecommerce with SMEs

Niti Aayog on Monday prolonged the deadline till May 15 for submission of expressions of curiosity (EoI) by establishments and organisations for a analysis examine on the integration of small companies and merchants on e-commerce platforms. In the EOI floated on March 16, the federal government think-tank had mentioned e-commerce, as a medium, has been capable of multiply each upstream and downstream integration prospects for a vendor or a service supplier.
The submission of EOI was to be made in 30 days, however now it might be carried out by May 15, the Aayog mentioned in a public discover.

“Although growing at an unprecedented rate, it has not succeeded to integrate the large proportion of Indian MSME sellers on their marketplaces,” it mentioned.

The Aayog famous that all-inclusive platforms will actually allow play of market forces, leading to job creation, elevated availability of various and cheaper merchandise/ companies, import substitution, and progress of MSME sector.

The scope of the examine ought to embody roadmap for integration of SMEs throughout India on e-commerce platforms by offering common e-commerce entry and its fruits as centralized on-line repository of Indian SMEs product choices.

Besides, the main focus ought to be additionally on analysis of present market locations managed by varied authorities departments (NSIC Bazar, VLE Bazar, CSE Bazars, GeM) and their revamping to assist product and repair identification course of, digitisation of product and companies via cataloguing.

As per the annual report of the Ministry of MSME India has an estimated 6.four crore MSMEs.

These MSMEs contribute considerably to the financial and social growth of the nation by fostering entrepreneurship and producing employment alternatives each at city in addition to rural stage, which is barely subsequent to the agriculture sector.

The MSMEs are widening their area throughout sectors of the economic system, producing various vary of products and companies to satisfy calls for of home in addition to world markets.

The EoI additional mentioned the examine would cowl analysis of whole ecosystem via analysis and holding consultations with varied stakeholders.

“This would also involve analysis of e-commerce policies globally and evaluation on existence of such platform working currently in any jurisdiction,” it mentioned.

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