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E-commerce driving India’s SME growth

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New Delhi:  The surge of e-commerce in India is driving the growth of small and medium enterprises (SMEs), which in turn is contributing to new job opportunities and GDP contribution, a recent study shows.

The study, jointly conducted by domestic e-commerce player Snapdeal and market research firm KPMG, which also claimed that e-commerce sector in India is projected to cross $80 billion by 2020, examined the macro-impact of the sector on the growth of SMEs and identified remaining gaps in the ecosystem that needed to be plugged.

As per the report, 85 percent of SMEs who adopted e-coommerce believe that it is a cost effective medium for sales growth. The study also claimed that SMEs who actively adopt the internet for business activities boast 51 percent higher revenues, which results in 49 percent more profit and a seven percent broader consumer base than their offline counterparts.”At Snapdeal, we are working towards building the most impactful digital commerce ecosystem in the country and SMEs form the foundation of this ecosystem in many ways,” Kunal Bahl, co-founder and chief executive of Snapdeal said.

“With over 200,000 sellers operating on our platform, we felt the need to conduct a systematic unbiased study to identify opportunities and challenges to further accelerate the growth of the sector.”

“We have taken a number of initiatives like seller training programmes, seller financing programmes – Capital Assist and Snapdeal Seller Advisor Programme, with an aim of creating life changing experiences for over one million sellers in the next three years. This study has given us deeper insights into what more we can do to enable small businesses become more successful online,” he added.

The study also highlighted the importance of SMEs in the country which accounted for over 17 percent of the gross domestic product (GDP) in 2014 and contributed to 45 percent of the nation’s industrial output and 40 percent of the total exports.

It also claimed that SMEs are capable of creating 1.3 million jobs per year.

“The fast paced growth of the e-commerce industry in India represents an unprecedented opportunity for SMEs. We hope that the findings of this report will assist policymakers, industry bodies and e-commerce companies to strengthen the support ecosystem, which enables SMEs to ride the e-commerce growth wave successfully,” Richard Rekhy, chief executive of KPMG India, said.

Snapdeal also said that it is aiming to disburse Rs.1,000 crore by the end of the year under its seller financing programmes.

“We have zero non-performing assets (NPA) under the programme,” Bahl added.

(IANS)

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Microsoft Surface Pro Now Available In India

There is a full-size glass trackpad with five-finger multi-touch capabilities that allows for ultimate precision and the keyboard is wrapped in soft Alcantara material

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Global chip-maker Qualcomm Technologies and Microsoft have collaborated with leading retailers from across the world to offer new "always connected" Windows 10 PCs powered by the Qualcomm Snapdragon Mobile PC Platform. Wikimedia Commons
  • Microsoft released its Surface Pro in India
  • It is a high-resolution tablet with 12.3-inch touch-display
  • Customers can buy the Surface Pro from a number of retailers in India

Microsoft on Thursday announced its Surface Pro notebook and accessories are available in India. Surface Pro features a high-resolution 12.3-inch “PixelSense” touch display that supports the new Surface Pen 4.

The first generation, 2-in-1 detachable of the Microsoft Surface series — with a configuration of Intel Core m3, 128 GB SSD, 4GB RAM and Intel HD Graphics 615 — will cost Rs 64,999.

Microsoft introduces its Surface Pro Indian markets. Wikimedia Commons
Microsoft introduces its Surface Pro Indian markets. Wikimedia Commons

Customers can buy the device through more than 130 commercial resellers, the company said in a statement.

“We are delighted to announce the launch of Surface Pro in India and offer our consumers another superior device that will enable them create, study, work and play virtually anywhere,” said Vineet Durani, Director, Windows and Devices, Microsoft India.

Also Read: Microsoft Announces Indian Languages Support For e-mail Addresses

With a new hinge that adjusts to 165 degrees, users can now put the device into “Studio Mode”, thus, creating the optimal position to write or sketch.

It also has a tilt functionality that detects the angle of the Surface Pen to enable more natural shading.

At 8.5-mm thickness and weighing 767 grams, the notebook packs the in 7th-generation Intel Core processor with a fanless design.

Surface Pro has a battery life of 13.5 hours. Wikimedia Commons
Surface Pro has a battery life of 13.5 hours. Wikimedia Commons

 

Its battery supports up to 13.5 hours of life.

There is a full-size glass trackpad with five-finger multi-touch capabilities that allows for ultimate precision and the keyboard is wrapped in soft Alcantara material. IANS

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