Business

Policy change to have long-term impact: Flipkart

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‘Industry set to be a major growth driver for the economy’

Flipkart has asked the government to put in place a broad market-driven framework through the right consultative process in order to drive the industry forward.

The firm responded after the government on Wednesday announced tighter norms for online retailers such as Amazon and Flipkart. “Government policy changes will have long-term implications for the evolution of the promising sector and the whole ecosystem,” said Flipkart in a statement.

It said in the span of a decade, the e-commerce industry had revolutionised the way consumers connected with sellers and local manufacturers, providing tremendous value to the country. The firm said the e-commerce ecosystem created innovations in MSME [micro, small and medium enterprises] manufacturing, supply chain, warehousing, packaging and digital payments and created thousands of jobs. “This is just a start, the industry is set to be a major growth driver for the Indian economy and create millions of jobs in the future,” said Flipkart.

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Printable version | Jan 17, 2019 6:14:51 AM | https://www.thehindu.com/business/policy-change-to-have-long-term-impact-flipkart/article25843952.ece

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