Formation of the Confederation of Indian E-Commerce

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In order to provide a neutral industry voice, the Confederation of Indian E-commerce (CIE), a not-for-profit trust of e-commerce businesses, was recently established. It unites the government, the industry, policymakers, and consumers on a single platform. A group of seasoned businesspeople, including Amitabh Singhal, the former president of the Internet Service Providers Association of India, came up with the idea for the New Delhi-based organization.

Retail, micro, small, and medium-sized businesses, agricultural associations, and prominent e-commerce giants have all been invited to join the organization.

According to a CIE statement, the organization’s goals include support for MSMEs and traditional retail, promotion of exports and access to export markets, and easing regulatory compliances for export and returns by encouraging exports. CIE also aims to provide a dedicated platform for retail and e-commerce businesses to discuss economic or policy issues with the government and other pertinent agencies.

The government, the industry, politicians, and consumers are all represented on one platform by the Confederation of Indian E-commerce, which was recently established to provide a neutral industry voice. A group of seasoned businesspeople, including Amitabh Singhal, the former president of the Internet Service Providers Association of India, came up with the idea for the New Delhi-based organization.

Due to lockdown, the whole retail market shrank by 5% in the year ending March 2021, while the e-retail market increased by 25% to reach USD 38 billion. From 3.5% last year, the penetration rate of e-commerce has increased to 4.6%.

Former Press Trust of India news agency CEO Venky Venkatesh serves as CIE’s strategic adviser.

According to a news source, the organization will also create a state-level agenda in collaboration with state governments to help local MSMEs and e-commerce businesses’ needs.

CIE will collaborate closely with state governments to help MSMEs in the states become a part of digital retail by connecting them to both the domestic and global markets, it was said.

The CIE also wants to support and develop the agricultural sector’s ecosystem and promote technology that will give farmers more control.

Additionally, it will engage in evidence-based, scientific policy research and advocacy, which includes, among other things, consumer research, capacity building, thought leadership, recruitment of new members, and advocating on behalf of members’ concerns and issues before the government.

Newspaper Fibre2Fashion Desk (DS)

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