“India is a world leader in building digital public infrastructure,” he said at a business summit
“India is a world leader in building digital public infrastructure,” he said at a business summit
The Open Network for Digital Commerce (ONDC) will ensure small retailers are given equal opportunities to partner with big companies, protect their stores and serve customers with modern delivery systems, Trade and Industry Minister Piyush Goyal said on March 19.
India is a world leader in building digital public infrastructure, he said at a business summit.
“Like UPI is for digital payments, ONDC is for e-commerce in India. It will allow buyers and sellers to be digitally visible and transact across an open network, no matter what platform/application they use.”
“The ONDC team is working to democratize e-commerce so that millions of small corner shops across the country and small retailers aren’t wiped out like we’ve seen in the West, but are given the same opportunities to go digital to engage technologies to protect businesses and grow their business and serve their customs with modern delivery methods,” he said.
ONDC received its charter of incorporation as a not-for-profit private sector corporation on December 31, 2021. A number of established companies have integrated into the platform and the government has already set up a nine-member advisory board, including Infosys’ Nandan Nilekani and National Health Agency CEO RS Sharma, on the steps needed to shape ONDC adoption and to accelerate.
The minister proposed action agendas for entrepreneurs to boost innovation and strengthen the startup ecosystem in the country. He called for expanding diversity in start-ups as the country needs entrepreneurs in sectors such as agriculture and textiles.
