ONDC is an initiative of Ministry of Commerce & Industry to help small retailers counter the dominance of ecommerce giants and take e-commerce penetration in consumer purchases from 5% to 25% in 2 years. But given the challenges of building and sustaining a network of this scale and complexity, can...
The current digital platform revolution has enabled instant matching of global buyers and sellers across industries. Additionally, automation is enabling new ways of servicing clients. Dr Sunitha Raju, Professor, Indian Institute of Foreign Trade and Member, Committee for Advanced Trade Research, TPCI, emphasizes on the need for new policy tools...
Sarika Varshnei, Chief Growth Officer of the Latambarcem Brewers, spoke with IBT on the occasion of Women’ Day, and explained the myth that surrounds female entrepreneurs here in India. With over 20 years of experience in F&B, hospitality sector, Sarika admits that although she was not a born entrepreneur, a...
India as an emerging drone hub has witnessed the transforming technology at a rapid rate over the last decade. IoTechWorld Avigation Pvt Ltd. is one of the fast growing startups that focuses on developing drones with latest technologies including AI/ML features and sensors. Deepak Bhardwaj, Director and Co-Founder, spoke exclusively...
India’s telecom equipment sector is expected to register strong manufacturing and export growth in the coming years, with the benefits of schemes like PLI. In this article, IBT takes a look at current government incentives and key suggestions for the industry to leverage the upcoming 5G boom. Image Credit: Shutterstock India...
India’s real-time retail payment system Unified Payments Interface (UPI) has been officially linked with Singapore’s PayNow, and is simultaneously finding acceptance across other markets. With this latest development, people in India & Singapore would be able to send money in real time via a QR code or via their mobile...
Have you ever wondered if Artificial Intelligence (AI) could make conversations, respond to queries or write articles, applications or even codes? With the launch of the sensational ChatGPT chatbot, Microsoft has triggered a race to AI-enabled applications which are capable of human-like efficacy. Unlike other computer based programs, will this...
The government is planning to make India a global Drone Hub by 2030 and expand its uses in various sectors like health, defence and infrastructure. Various steps like waivers for pilot permits, reduced and simplified procedures, creation of new drone corridors, and incentives for local manufacturers could radically catalyse the...
After a robust first quarter, 2022 proved to be a sobering year for India’s startup ecosystem. While players in specific sectors may continue to struggle in a difficult environment, it may also unfold a new chapter for Indian entrepreneurship in 2023. India’s startup ecosystem witnessed a phenomenal 2021, when funding...
Despite the receding COVID-19 fears and shoppers returning to physical stores, the Ecommerce industry reported an impressive growth of 36.8% Y-o-Y in FY 2022. Brand websites showcased stronger growth than marketplaces with 80.4% Y-o-Y growth. Going forward, Indian retail and e-commerce players are dedicating significant process and technology investments. These...
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