eBay India Reveals The Findings Of COMMERCE 3.0 Report

By 121 News Reporter

Chandigarh 26^th March:-- eBay India (www.ebay.in), India’s leading eCommerce marketplace, released the COMMERCE 3.0 report today to showcase the impact of internet-enabled trade in the country. The report provides insights on how Indian merchants trade nationally and internationally through online channels thereby contributing significantly to the Indian economy and contrasts it with the dynamics of traditional trade. The COMMERCE 3.0 report was unveiled by Latif Nathani, Managing Director, eBay India along with Ajay Sahai, Director General, Federation of Indian Export Organisations and Praveen Khandelwal, National Secretary General, Confederation of All India Traders. The report explains the critical role of new technologies in revolutionising the way Indians buy and sell. It also highlights eBay’s commitment towards contributing to the evolution of eCommerce in India, thereby improving the lives of millions through Internet-enabled trade.

 

Speaking on the occasion, Latif Nathani, Managing Director, eBay India, said, that we, at eBay India are committed towards fostering the growth of Indian eCommerce by enabling merchants of all sizes to trade nationally and globally on a level playing field. Through this report, we aim to highlight the abundant opportunities offered by internet-enabled trade to millions of small & medium enterprises in the country. eCommerce allows small retailers to become “micromultinationals,” small businesses with global customers.

 

Bringing in the aspect of exports, Ajay Sahai, Director General, Federation of Indian Export Organisations (FIEO), stated, that we are excited to partner with eBay India on promoting online Retail Exports to the members of FIEO - Federation of Indian Export Organisation - to provide a new and powerful channel of B2C exports to expand their business through the internet. Thanks to the joint efforts of FIEO & eBay, today a large number of FIEO members are successful retail exporters.

 

Echoing the sentiment, Praveen Khandelwal, National Secretary General, Confederation of All India Traders (CAIT), said that the CAIT is opposing entry of FDI in online shopping but at the same time is making all efforts to upgrade and modernize the trading community and in pursuance of the same providing online market place platforms like eBay India, will facilitate our members to sell directly to consumers through their website. This opened the door for thousands of small and medium-sized retailers across the country to expand their geographical presence to reach buyers in India and around the world. He added that soon after the General Elections, the CAIT is all set to launch a nationwide campaign amongst trading community of the Country to adopt modern business skills including use of online market place platforms.