DPIIT Inks MoU With Zepto To Support Manufacturing Startups
Zepto will integrate upwards of 100 Indian startups into its supply chain, offering them a platform to showcase products, gain market access and expand their presence
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India’s Logistics Cost To GDP Is 8-9%: Report
- by BW Retail World Bureau
- December 15, 2023
Overall logistics costs in India are in the range of 7.8-8.9 per cent of the country’s total GDP, a report released by the economic policy research think tank National Council of Applied Economic Research (NCAER) stated on Thursday. The central government has been working to reduce the overall logistics costs and enhance the competitiveness of […]
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Wide Stakeholder Consultations Necessary For National Ecommerce Policy: Govt
- by BW Retail World Bureau
- December 7, 2023
Ecommerce is a rapidly evolving and dynamic sector, necessitating extensive consultations with stakeholders for the development of a national policy, as per information presented in Parliament on Wednesday. Minister of State for Commerce and Industry, Som Parkash, stated in a written response to the Lok Sabha that a draft ecommerce policy was made public on […]
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DPIIT Issues QCO For Copper Products To Enhance Quality
- by BW Retail World Bureau
- October 25, 2023
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has been actively engaged in identifying key products for the issuance of Quality Control Orders (QCO) in collaboration with the Bureau of Indian Standards (BIS) and industry stakeholders. This extensive effort has resulted in the development of over […]
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Ecommerce In India To Grow 2.5 Times Faster Than Offline Retail By 2030: Report
- by BW Retail World Bureau
- June 27, 2023
As increasingly Indian shoppers turn to online channels for shopping, the e-commerce showcase is anticipated to develop 2.5 times speedier than the offline retail advertise, concurring to a report by Deloitte. The report titled “Future of Retail” included that the estimate of by and large online advertising will bounce to USD 325 billion in 2030 from USD 70 billion in 2022. It’ll be greater than the sorted-out retail advertises, coming to USD 230 billion in 2030 from USD 110 […]
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Government Working To Develop National Retail Trade Policy To Promote Ease Of Doing Business: Sanjiv Singh
- by BW Retail World Bureau
- March 6, 2023
The government is trying to develop a national retail trade strategy for brick and mortar retail dealers in order to enhance ease of doing business, according to Sanjiv Singh, Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT). Singh further stated that the strategy will aid in the provision of better […]