Ankit Gupta, Vice President of ExportersIndia.Com, has been closely watching and working in the e-commerce industry for many years now. The recent FDI guidelines of the Indian government to limit the amount of products sold on various platforms has created a stir in the e-commerce industry and Mr. Ankit has shared his view on the same.
Managing all the digital operations of his B2B marketplace, Mr. Ankit Gupta is required to keep a close tab on all the moderations and policies ruled out by the Indian government for the SMEs and MSMEs. In his two write-ups, posted on reputed online publications, Financial Chronicle and Daily Hunt, he has shared how India’s new FDI guideline to impose a limit on how much one vendor can sell on a particular platform. This reform has received mixed reactions from the small store owners and retailers. This proposal to tighten FDI guidelines for the online marketplaces would, on one hand, protect small vendors from unfair competition but, on the other hand, also force them to increase their investment for larger inventory.
Directly quoting the views of Mr. Ankit Gupta, it read, “While the revised policy is expected to make an adverse impact on India’s $41 billion e-commerce industry and major retailers like Amazon and Flipkart, it will also affect the small vendors who have faced quite a difficult time in the last few years. Despite contributing to 45 percent of the country’s GDP and generating numerous employment opportunities, the SMEs have to deal with issues such as lack of credit, limited access to resources and market information, absence of skilled workers, poor management and failure to compete against large enterprises.”