Bharat Craft e-commerce platform to launch soon says MSME Minister Nitin Gadkari
today Sep 10, 2019
The government is gearing up to launch its e-commerce platform Bharat Craft which it expects to kick-start growth for small businesses, according to the Union Minister for Micro, Small, and Medium Enterprises, Nitin Gadkari.
As part of the Union Government’s aim to increase the contributions of the MSME sector to the country’s economy, it is preparing to launch Bharat Craft, ET Bureau reported. The e-commerce site for Indian MSMEs is intended to facilitate huge growth for small businesses as they will be opened up to a new customer base online. MSMEs cover a range of industries such as handloom textiles, craft items, and jewellery.
“We are developing an e-market portal like Alibaba. We will call it Bharat Craft,” Gadkari said in an email communication with ET Bureau. “This will provide a direct interface between buyers and sellers. In the next 2-3 years this portal will bring a turnover of about 10 lakh crore to the MSME sector.”
Gadkari also said that the platform will help to increase the MSME sector’s turnover from 29% of India’s GDP at present to around 50% in the next five years. The Union Government is pushing the MSME sector as the catalyst for India’s next round of economic growth. Gadkari expects the MSME sector’s current 11 crore-strong workforce to increase to 15 crore in the next five years as well.
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