: CAIT launches vendor onboarding mobile app for its upcoming ecommerce portal #FinanceIndia #StockMarketNEWS CAIT launches vendor onboarding mobile app for its upcoming e-commerce portal New Delhi,

@StockMarketNEWS Fri 12 Mar, 2021

Posted in: #FinanceIndia #StockMarketNEWS

CAIT launches vendor onboarding mobile app for its upcoming ecommerce portal #FinanceIndia #StockMarketNEWS
CAIT launches vendor onboarding mobile app for its upcoming e-commerce portal New Delhi, Feb 12 (KNN) The Confederation of All India Traders (CAIT) has launched a vendor onboarding mobile app for its upcoming e-commerce portal Bharat e Market.

The app will enable businesses and service providers to register on the portal and create their own "e-dukaan", CAIT said on Thursday.

National President of CAIT B C Bhartia and Secretary General Praveen Khandelwal said that last year, Prime Minister Narendra Modi had called for "Vocal on Local" and "Atmnirbhar Bharat" emphasising greater usage of Indian goods and technology.

Taking a step further in pursuance of the call of PM Modi, the CAIT has developed its e-commerce portal "Bharat e Market" which will provide both B2B and B2C business opportunities with robust digital technology largely based on artificial intelligence and machine learning systems.

The duo also said that the way in which the e-commerce market is greatly vitiated by foreign e-commerce entities through their arbitrariness and violating the rules and laws of the country, it was more essential to create an e-commerce portal fully dedicated to the traders and consumers of India.

The plans of these foreign companies to make themselves the second version of the East India Company, will not be allowed by the CAIT to succeed much in India, they added.

The traders body aims to onboard 7 lakh traders on the portal by December this year and 1 crore traders by December 2023.

More than 40,000 trade associations across the country will play a crucial role in onboarding the traders, it said.

"Most importantly, there will be no charge for creating an e-dukan nor any commission on business done on the portal. The other e-commerce portals are charging commission from 5 per cent to 35 per cent on transactions happening on their portal," it added.

Both Bhartia and Khandelwal said that BEM portal will be purely an Indian portal, the first of its own kind in which no foreign investment will be accepted, the data will remain in India and there will be no sale of data.

No Chinese goods will be allowed to be sold on the portal. Special emphasis will be given for the products of women entrepreneurs, artisans, craftsmen and others similar business and services activities, they asserted.

According to CAIT, the portal will comply with all rules and regulations of the government both in letter and spirit.

The BEM portal will be a truly market place having all details of the sellers visible on the portal providing a transparent interface between Sellers & buyers, the traders body said.