Tuesday July 23, 2019
Home Indian Diaspora American comp...

American companies ready to take advantage of Digital India initiative

0
//
start ups

Washington: The main focus of the roundtable hosted by the US-India Business Council (USIBC) at Cambridge, Massachusetts, on Friday was the India’s plan to connect 600,000 villagers through Digital India programme to internet. Top American and Indian companies are ready to take advantage of it.

Prime Minister Narendra Modi’s Startup India initiative also came up at the roundtable with Indian Minister for Communications & IT Ravi Shankar Prasad hosted by the USIBC.

The roundtable was attended by USIBC President Mukesh Aghi and senior executives of American and Indian companies that included Google, AT&T, MasterCard, Facebook, American Tower Corporation, UST Global and iTech.

USIBC comprises 350 top-tier US and Indian companies advancing US-India commercial ties.

“Digital India provides an enormous investment opportunity for both global technology companies and startups from tech hubs like Boston and Silicon Valley,” Prasad said.

“India is sitting on the cusp of a digital revolution,” he said. “Whether it is big metropolitan cities or small towns, a well-connected India has the potential to not only usher in economic and welfare opportunities for its citizens, but also the global economic order.”

The Indian “government is taking every policy decision in a transparent, predictable and reasonable manner,” Prasad said encouraging “American businesses to take advantage of the Digital India programme, and the growth opportunities in India.”

Prasad also outlined the progress that has already been made to implement Digital India programme and his priorities for the future.

Aghi said, “Prime Minister Modi’s directive to connect Indians across the country is a tremendous opportunity for both Indian and US companies alike.”

Noting that 85 percent of Indians still do not have access to the Internet, he said “the government could make it easier to obtain clearances to install cell phone towers.”

“IT infrastructure can be further expanded by lifting the ban on foreign satellite operators so they can provide spectrum in hard-to-reach areas.”

Dan Gupta of UST Global commented on the economic growth that can be spurred by the Digital India initiative and adoption of key technologies across sectors.

“By some estimations, the Digital India initiative could help boost India’s gross domestic product (GDP) by around $550 billion upping its GDP by $1 trillion by 2025,” he said.

Sonny Khurana, CEO of iTech, praised the rapid strides in connectivity and the startup ecosystem under the current government.(IANS)

Next Story

Flipkart Revamps its Seller Onboarding Process to Help MSMEs: Report

These regional teams, based in cities such as Lucknow, Coimbatore and Jaipur, cater to sellers in over 4,30 pin codes

0

Flipkart on Monday announced it has revamped its seller onboarding process to ease the first-time e-commerce experience for medium and small businesses (MSMEs).

The e-tailer has also stationed 13 regional teams across the country to help onboard sellers in person, by meeting with them at their premises.

These changes to the onboarding process will make it easier for small sellers, who may not have prior digital expertise, to list their products on the platform and access Flipkart’s pan-India base of over 150 million customers.

“By revamping our onboarding process and simplifying the number of steps, we are making it easier for any seller, no matter the size, to list on our platform and get started from day one,” said Nishant Gupta, Head of Flipkart’s Marketplace business.

Flipkart Buys Back Shares Worth $350 mn.
New e-commerce norms to impact e-tailers: Flipkart. 

Currently, e-commerce accounts for less than three per cent of India’s overall retail industry. Government estimates suggest there are roughly 60 million MSMEs in India, many of whom are restricted to their local markets due to difficulties in accessing resources.

Flipkart has also added regional teams in various Tier II and beyond cities to help sellers sign onto the platform.

Also Read: Redmi Teases First 64MP Smartphone with Camera Sample

These regional teams, based in cities such as Lucknow, Coimbatore and Jaipur, cater to sellers in over 4,30 pin codes.

“As a home-grown company, we know that the future of e-commerce lies in bringing more MSMEs and smaller businesses online which, in turn, will generate employment and investment, and will meaningfully contribute toward the country’s socio-economic development,” added Gupta. (IANS)