Government to push goods produced by Micro, Small and Medium enterprises through Online Platforms
According to the initial report published in the Times of India, the government intends to plans fee-based arrangements with marketplaces such as Amazon and Flipkart to produce goods by micro, medium and small enterprises while eyeing a tie-up with a financial sector entity to boost business to business sales. Funding and payment have been a major concern for the MSE’s and the government is trying to help them out.
This is a move, which will help MSE’s set up their own platforms. It will also help Indian enterprises to make a transition into the booming e-commerce sector. Sources further point out that the proposed platform will provide funds and have access to cash flow helping other businesses. Funding and payments have a major concern and the government is looking to help the government that will help the government grow.
The proposed B2B platform will provide funds and cash flow helping further businesses against shock. In 2015, the Textile industry had launched a similar initiative to boost production and reach of weavers and artisans online.
However, the government is not willing to set up its own platform but intends to pay Amazon and Flipkart which already have their well-established platforms to onboard the MSE’s units which often find it difficult to push their products to the consumers.
The proposed B2B platform will provide funds and cash flow helping further businesses against shock. In 2015, the Textile industry had launched a similar initiative to boost production and reach of weavers and artisans online.
However, the government is not willing to set up its own platform but intends to pay Amazon and Flipkart which already have their well-established platforms to onboard the MSE’s units which often find it difficult to push their products to the consumers.