Key Points
Commerce Minister Piyush Goyal on Wednesday said the government will protect the interest of 100 million small retailers, who are facing competition from major e-commerce players...
Last month, the minister lambasted the e-commerce companies, questioning their business model that has been impacting small retailers in the country...
I assure you that we will continue to work with you to meet the aspirations of 1.4 billion Indians for a better quality of life, for a better future, the aspirations of 140 million farming families... the aspiration of a 100 million small retailers, the small mom-and-pop stores, which have disappeared from the US landscape, which we are at least making an effort to protect to some extent, he said.. Goyal was addressing members of the India-US business council...
The minister had last month stated that e-commerce companies are eating into the small retailers high-value, high-margin products that are the only items through which the mom-and-pop stores survive...
The government on Wednesday launched a trade portal to provide all kinds of information related to exports and imports to guide existing and aspiring exporters on the opportunities available in the international market..
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