ONDC can redefine India's e-com ecosystem: Piyush Goyal

The Indian minister of commerce and industry, consumer affairs, food and public distribution, and textiles said that a significant number of sellers on the network is itself a testimony to ONDC’s impact as digital commerce is being re-imagined. Goyal engaged with all network participants during the open house, noting their feedback and guiding them to redouble their efforts to democratise digital commerce in India, India’s ministry of commerce and industry said in a press release.

ONDC Elevate commemorated ONDC’s one-year completion, fostering a collaborative environment by bringing together participants and ecosystem players of the network. It provided a platform for open discussions on accomplishments to date and facilitated brainstorming sessions to shape the future trajectory of ONDC.

"As ONDC completes a year of its operations, it’s an ideal time to take a look back on what has been achieved so far while preparing for the future. From five cities to 236 cities, the network has continuously evolved with diverse participation of merchants,” said T Koshy, MD and CEO, ONDC.

The group also discussed the various milestones ONDC has completed in the past year. From the launch of beta testing on September 29, 2022, ONDC has scaled to 36,000 sellers, 45+ network participants, and 8+ categories, with a weekly average of 13,000+ retail orders and 36,000+ mobility rides per day with peak transactions reaching 25,000 retail orders on a day. The workshop also focused on the impact ONDC is generating, especially for self-help groups (SHGs) and non-digitised sellers, added the release.

The members of the ONDC Advisory Council—Dilip Asbe, CEO, NPCI; Adil Zainulbhai, chairman, Capacity Building Commission; and Jaxay Shah, chairman, QCI also attended the event. This interactive session gave participants the opportunity to share their suggestions, and to benefit from the guidance of the minister and the advisory council members.

Fibre2Fashion News Desk (NB)