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Some of The Ecommerce Initiatives Taken by Indian Government in Various Sectors
Some of The Ecommerce Initiatives Taken by Indian Government in Various Sectors
Some of The Ecommerce Initiatives Taken by Indian Government in Various Sectors
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The Government of India started an online trading platform for farmers in order to connect them to a network of
wholesale agricultural markets. In the beginning, only 12 different farm commodities were traded on the online
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platform but now 21 regulated wholesale markets (mandis) from eight different states have integrated into this
platform. For the context of this agricultural eCommerce marketplace, around 7,000 mandis are in the big picture.
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19/12/2020 Some of the eCommerce initiatives taken by Indian Government in various sectors
Raising the FDI limit in eCommerce model- In order to increase the participation of foreign players in the
eCommerce field, the Indian Government hiked the limit of foreign direct investment (FDI) in the eCommerce
marketplace model for up to 100%. The new notification also cleared that the total sales contributed by any group
company or a single vendor should not exceed more than 25%. Furthermore, the extension in the FDI is allowed for
business-to-business (B2B) sector only and not for business-to-consumer (B2C) basis. For more information about
this FDI hike, do take a quick look at the blog that explains the government decision in this FDI policy change.
Final thoughts
So, if you are into the field of the eCommerce marketplace, you need to take the help of eCommerce marketplace
extensions that can help in optimizing the performance of your marketplace store based on Magento, PrestaShop,
OpenCart, Shopify, WooCommerce and such
others.
These
extensions can help in performing the various crucial
tasks and activities such as management of eCommerce marketplace inventory through alerts, creation of the
invoice for sellers/customers, facilitation of PayPal payment on your marketplace store and other such functions.
Besides these extensions, involve an effective A/B testing and heatmap tool for your eCommerce site to enhance its
web design, user interface, conversion rates, site navigation and product sales. You would not want to wait for the
opportune moment anymore as the Government machinery is preparing to go for the eCommerce and cashless way.
So, it is definitely your time to act fast now.
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19/12/2020 Some of the eCommerce initiatives taken by Indian Government in various sectors
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19/12/2020 Some of the eCommerce initiatives taken by Indian Government in various sectors
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