The Confederation of All India Traders or CAIT is planning to launch a completely Swadeshi eCommerce app.
The trade body CAIT announced the launch of the eCommerce portal ‘Bharat e Market‘ last year in the month of May. For the same application, the body has launched a Vendor onboarding app last week.
The vendor onboarding application will allow the business and service providers to register as a seller and create their own store. CAIT was seen accusing the already popular foreign eCommerce portals of violating the FDI policy norms in the past.
With the eCommerce portal, the CAIT might try to overcome issues that the small vendors were facing on the big eCommerce houses. As per the latest updates, the application will be purely Indian and will be following all the rules & regulations in its work process.
The Confederation of All India Traders (CAIT) aims to onboard 7 lakh traders by the end of 2021 and 1 crore traders by the end of 2023. For the same, they already have onboarded more than 50,000 vendors before the launch of the app.
With an idea to attract more small vendors, CAIT has partnered with the Startup India division of the Department for Promotion of Industry and Internal Trade.
As per the officials, Bharat e Market will be completely different from other foreign eCommerce companies like Amazon & Flipkart and also there will be no charge or commissions taken. All the earnings of the vendors will be directly transferred to them.
A few more interesting thing about the app as per CAIT’s national secretary general Praveen Khandelwal are:
- Customers will be able to purchase items from the stores that are near to their place
- There will be no special treatment will be given to any specific vendor
- The portal will not allow the sale of any Chinese goods
- It will encourage small vendors, women entrepreneurs, and craftsmen.
Now, it is time for us to wait and see how this plan goes ahead. There will surely be some amazing insights in the coming days about this Swadeshi eCommerce store that India could be proud of.