Monday October 15, 2018
Home Uncategorized E-commerce dr...

E-commerce driving India’s SME growth

0
//
69
Republish
Reprint

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)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Cricket madness in Chicago

People sacrifice other chores just to enjoy this beautiful game and to keep it alive in countries outside India where cricket is not a major sport.

0
Cricket has become a popular sport in Chicago. Around 900 people play the game in the windy city.

By West Loop Cricket Association, Chicago

WLCA Working Committee

Hari Mohan, Harshavardhna Hedge, Kunal Tembhurne, Niranjan Kulkarni, Saurabh Nigam, Shreenidhi Bharadwaj, Shekar Reddy Palla, Shwetabh Gaurav, Sunil Saini, Vivek Sarkar

About:

Cricket is more a religion, less a sport in India. People are obsessed with the sport and magnitude of love cannot be defined in words.

In the United States, Baseball, Basketball and Soccer are obviously more popular. However, Cricket has a strong presence due to the passion and love of Indians for the game. The Indian community in USA avidly plays and promotes cricket and, in the process comes closer to each other.

 

Cricket
The tournament played between Chicago Centaurs and Arrigo Avengers.

 

The passion for the game is unreal in USA too. Working men enjoy the sport in their free time. They even book grounds (baseball/soccer grounds) to practice and conduct tournament matches. The players are from all backgrounds – students, businessmen, lawyers, IT professionals to doctors. They all take out time out of their busy schedules and come together to rejoice the gentleman’s game in the windy city.

Tournaments in Chicago

As cricket has a strong presence in Chicago, many friendly yet competitive tournaments are conducted by cricket fanatics to keep the game alive.

Chicagotwenty20 tournament

Chicagotwenty20 is the oldest cricket tournament that was conducted in Chicago. It’s first season took place in 2009 and the tenth season was played in 2018. The league is played in 20 overs format. 56 teams participate from Chicago and are divided into groups 4 with 14 teams in each group.  Each team has a squad of 16 players with 11 playing and rest 5 as extras. Each team has a home ground. 7 matches are played at home ground and the rest at the opponent’s ground. The top eight teams from each group are qualified for the quarter finals. The tournament is almost four months long. The best player of the winning team is awarded the man of the match in every match. Best Batsman, Best bowler, MVP ( most valuable player) awards are given at the end of the season.

The 2018 season was won by team Yorkers. The Best Batsman, Highest score and the MVP award was given to Mr Pavan Shetty of team Yorkers, who scored 418 runs. The best bowler award was given to Sivakumar for taking 27 wickets.

 

Cricket
This is the team who connected via the meetup link which has more than 300 members.

 

WLCA Super 8 tournament

WLCA (West Loop Cricket Association, Chicago) was formed by four IT professionals in 2016 with the sole objective of promoting the game of cricket in Chicago City area. Based out of vibrant and affluent Chicago West Loop, WLCA is an assemblage of 300+ cricket players. These cricket enthusiasts come from different walks of life being corporate professionals, UIC/IIT students and local businessmen. There are hundreds of followers across Facebook, Instagram and Twitter.

WLCA mainly involve in:

  • Organize annual cricket tournament
  • Coordinate weekly cricket games in different Chicago City park locations
  • Coordinating friendly games with other known Chicago Suburban teams
  • WLCA team represented Chicago City in other Chicagoland tournaments including Chicago T20 League and Soha Cup
  • Maintaining and making available Cricket Equipment Kit free of cost to playing group

The WLCA hosts Super 8 Cricket tournament which started in 2017 by the West Loop cricket association (WLCA). It is played under the format of 8 overs and 8 players in each team. This concept of tournament was the first to be launched by WLCA in Chicago. This is the shortest time-consuming format (2 days) and the played at the heart of Chicago Downtown. The first season was extremely successful (12 teams) and participating teams called out as the best organized cricket tournament amongst many happening in Chicago.

Season 2 played in 2018 organized by WLCA had 16 teams divided into four groups with four teams in each group. The semi-finals and final are played with 10 overs. There is a man of the match, best bowler, best fielder award for every match

Cricket
Westloop Wolves Team.

 

Here is the fixture and schedule of Season 2:

There are 16 teams participating in this short format cricket tournament.

16 team is divided into 4 groups.

Group A Group B Group C Group D
Winter Wolves (A1) Chicago Wild Kittens(B1) Arrigo Avengers(C1) Super 9s(D1)
Dark Knights (A2) Challengers(B2) Cook County(C2) Chicago Super Kings(D2)
Chicago Centaurs(A3) Hunters (B3) Westside Wolves(C3) River City (D3)
International Khiladies (A4) Ballers(B4) Knights(C4) CSK+(D4)

Each team in the group will play only two matches with the other two teams.

From each group top two teams will be qualified for the quarterfinals, then semis and finals.

Chicago Centaurs were the Champions and Super 9s were the runners up.

The tournament has become a big deal in no time. It was sponsored by big names like USBank (thanks to Susan Brown), Lodha Group (this group was also the associated sponsor of Ind vs, Eng Test Series in 2018) and Metra Spice Mart (Only Indian Grocery Store in Chicago Downtown). The tournament has gained momentum in no time and is likely to do so in the years to come.

Keeping the game alive overseas

Cricket has become a huge deal in Chicago. Around 900 people play the game in the windy city. Tournaments like above help in maintaining healthy competition and something to be excited for.

People sacrifice other chores just to enjoy this beautiful game and to keep it alive in countries outside India where cricket is not a major sport.

 

Cricket
Dark Knights Led by Pranjal Chauhan

 

“My favourite sport and always loved to watch and play the game anywhere in the world anytime. Always loved to organize these kinds of tournament from childhood so continuing the same thing outside the country”, Says Harshavardhna Hedge, Organizer, WLCA super 8 tournament.

“Well I love the sport and love my country. We get to relive our childhood and impart love for the game to the next generation. The community comes together and enjoy, and we also return to the society through charity”, Says Hari Mohan, Organizer, WLCA super 8 tournament.