E-comm platform will garner revenues of Rs 10 lakh crore: Nitin Gadkari

Mumbai, Jan 7 (KNN) Union Minister Nitin Gadkari has said the government plans to launch an e-commerce platform with an eye on garnering revenues of around Rs 10-lakh crore over two-three years.

“The Bharatcraft portal, which will be on the lines of Alibaba and Amazon, will provide a platform for MSMEs to market and sell their products and, in turn, boost the sector,” Gadkari said on Thursday at the 200th listing of an MSME company, ‘Wonder Fibromats’, on the NSE Emerge SME platform.

“From conventional manufacturing companies to new-economy start-ups, NSE has always endeavoured to create a vibrant capital-raising environment,” said Vikram Limaye, MD & CEO, NSE.

On several occasion, Gadkari has emphasised on to take MSMEs contribution from 29 per cent to 50 per cent in country's GDP and also to add another 5 crore jobs.

Gadkri has also said that to achieve the same, soulution needs to be find out of some barriers like  Logistics cost, Capital cost and Power cost which are stopping it from becoming a reality.

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