Centre To Bring Ecommerce Policies: Government Official The Joint Secretary reportedly urged the industry to focus on producing high quality products

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

A senior government official said that the government is working to bring a national retail trade and e-commerce policy to promote the growth of the sector in the country, according to a PTI report.

Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv told PTI that the retail trade policy would provide brick and mortar retail traders a business friendly environment, modern infrastructure facilities and easy access to credit.

"We want that there should be synergy between e-commerce as well as retail traders. The accident insurance scheme would particularly help small traders of the country," said Sanjiv in a statement.

"The government is trying to do policy changes not only in e-commerce but national retail trade policy which will be for physical traders which will be introducing ease of doing business, providing better infrastructural facilities, providing more credit and providing all sorts of benefits to traders," he further added.

The Joint Secretary reportedly urged the industry to focus on producing high quality products. Further, he said that there is no dichotomy between physical and online retail trade and both cannot survive without each other. The government, he said, is also working on issuing quality control orders for different products with an aim to cut imports of sub-standard products into the country, stated the report.

The Indian e-commerce industry has been on an upward growth trajectory. After a surge in digital adoption during Covid-19, the Indian e-commerce market is estimated to be worth over $55 billion in gross merchandise value in 2021. By 2030, it is expected to have an annual gross merchandise value of $350 billion, according to Invest India website.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

Is It Time to Pivot Your Business? 3 Clear Signs You Shouldn't Ignore

Pivots can be uncomfortable, even scary. But they're often necessary for survival. The key is knowing when and how to do it right.

Business News

College Professors Are Turning to ChatGPT to Generate Course Materials. One Student Noticed — and Asked for a Refund.

AI use in higher education is becoming more popular for students and professors.

Business News

You Can Now Order Food and Book a Massage on Airbnb. Here's How.

Airbnb redesigned its app and added a host of new services.

Leadership

How to Build a Resilient Team That Thrives in Uncertainty

Learn how to build a team that stays calm under pressure, adapts quickly and grows stronger in the face of change, no matter what the market throws your way.

Marketing

Why Business Growth Today Demands More Than Just Traditional Marketing

Today's CMOs are growth architects focused on creating coherence and driving business success from within.