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Need for national policy to tap huge opportunities in e-commerce: Official

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New Delhi, March 14 (IANS) Commerce Secretary Rita Teaotia on Wednesday called for a comprehensive national e-commerce policy to tap the huge opportunities in this segment.

According to the Minister, the country was not entirely ready to tap the opportunities offered by e-commerce and there was a crying need to ensure that various arms of the government like the Department of IT, Finance and Department of Posts were on the same page to capitalise on the business prospects offered by the digital space.

Teaotia said while the B2C (business-to-consumer) commerce transactions in India were growing rapidly at a compounded annual growth rate of 34 per cent, there was a need for pegging aspirations realistically as the growth had taken place on a low base.

The Commerce Secretary spoke at a workshop on “Going global through E-commerce Marketplace for B2C Product Manufacturers, Exporters, Retailers and Online Sellers”, organised by the Federation of Indian Chambers of Commerce and Industry (Ficci) and Amazon India.

Sanjay Bhatia, President, Ficci-Confederation of MSMEs (micro, small and medium enterprises) said e-commerce shopping is a thriving market, with people increasingly choosing this option to order products and services at their convenience.

“Global e-commerce transactions in 2016 were $1.9 trillion accounting for 8.7 per cent of the total retail spending worldwide,” he said.

Bhatia added that the transactions are expected to grow to above $4 trillion by 2020 — making up to nearly 15 per cent of the total retail spending — and Ficci-CMSME has partnered with Amazon India to create awareness about the potential.

A report by Amazon India — which was launched at the same event — said Indian exporters on the e-commerce platform saw a massive 224 per cent growth in their global exports business in 2017.

“Amazon’s international marketplace saw a staggering rise of 5000 per cent in Indian products offered globally and 310 per cent growth in Indian exporters using Amazon Global Fulfilment channel,” said the first edition of Amazon Exports Digest 2017.

According to the report, with exporters from 2,047 pin-codes across India, Delhi, Rajasthan, Maharashtra, Gujarat and Uttar Pradesh emerged as the leading states with most international exporters on Amazon.

“Since its launch in 2015 in India, Amazon’s Global Selling Program has opened e-commerce markets to Indian businesses allowing them to go global and showcase their ‘Made in India’ creations to the world, supporting government’s vision of establishing India as a global manufacturing hub,” said Gopal Pillai, GM and Director, Seller Services, Amazon India.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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