CAIT to soon launch Bharat eMart portal for setting up e-shops

New Delhi, Nov 14 (KNN) The Confederation of All India Traders (CAIT) will soon launch the e-commerce marketplace ‘Bharat eMart’ to allow traders to set up their e-shops on the portal, the traders body said on Sunday.

CAIT National President BC Bhartia and Secretary General Praveen Khandelwal said in a statement that since data is the most important asset, traders will also be taught about data management and usage of artificial intelligence and machine learning in their business.

As per reports, around 8 crore traders represented by around 40,000 trade associations under CAIT are expected to benefit from the upcoming marketplace. 

The trader’s body also urged traders to focus on digital payments as a channel for growth in the backdrop of the Reserve Bank of India’s recent launch of Digital Rupee’s pilot project, as reported by the Financial Express.

To create awareness of digital payments and technology for business growth, CAIT has also decided to launch a national campaign from November 15.

“After the release of digital currency, it seems that the time is not far when the era of chequebook will end in the country and gradually cash will be replaced. That’s why the CAIT is launching an eight-point programme in its national campaign,” said Bhartia and Khandelwal.  

This includes setting up of e-shop on e-commerce, adopting digital payments in place of cash, using computer technology in the business, timely payment of taxes, good behaviour with the customer, converting shops into showrooms, better product display and strengthening local trade associations.

India’s online retail market over the next five years is expected to grow by 25-30 per cent annually to USD 150–170 billion, according to a report How India Shops Online 2022 by Bain & Company and Flipkart in October this year.  (KNN Bureau)