Mr. Piyush Goyal Invites Big And Small Retailers To Join ONDC

Mr. Piyush Goyal, the Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, has invited all big and small retailers to join the government-promoted Open Network for Digital Commerce (ONDC) to create huge opportunities for everybody. The ONDC seeks to promote all facets of e-commerce retail, which would help small retailers expand their business through the e-commerce medium and reduce the dominance of giants in the sector.

The ONDC is a non-profit organization that is developing a set of standards for optional adoption by merchants, logistics companies, and operators of payment gateways. According to Mr. Piyush Goyal, the platform is using a system of creating an inter-operable network that allows different platforms to collaborate and create an interface to help the buyers and sellers.

The ONDC platform will help small retailers participate in the journey of new technologies and new ways of doing business. "I want to assure all small retailers, traders, and MSMEs that we are here to help you. You must come forward to join the platform so that you can benefit from it. We are committed to making it easy for everyone to access the platform and create a level playing field for all retailers," said Mr. Piyush Goyal.

The platform is also expected to provide more transparency in e-commerce transactions and reduce the cost of doing business in the e-commerce sector. It is estimated that the ONDC will enable merchants to save up to 10% on their operating costs, which will be a significant boost for small retailers.

Benefits of Joining the ONDC Platform

Joining the ONDC platform can provide many benefits for small retailers. First and foremost, it will help them expand their business through the e-commerce medium. The platform will provide access to a wide range of customers and help retailers promote their products and services to a larger audience.

Secondly, the ONDC platform will help small retailers reduce their operating costs. The platform is expected to provide a transparent and efficient system for e-commerce transactions, reducing the cost of doing business in the sector. This will enable small retailers to compete more effectively with larger players in the market.

Lastly, the ONDC platform will provide a level playing field for all retailers. The platform's standards and protocols will be open to all merchants, logistics companies, and operators of payment gateways, providing a fair and transparent system for all participants.

News Conclusion

The ONDC platform is a significant step towards promoting e-commerce in India and providing opportunities for small retailers to expand their business. By joining the platform, small retailers can benefit from a more transparent and efficient system for e-commerce transactions and reduce their operating costs. Mr. Piyush Goyal's invitation to all big and small retailers to join the ONDC platform is a call to action for all retailers to take advantage of this opportunity and participate in the journey of new technologies and new ways of doing business.