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Govt’s plan to launch Alibaba like e-commerce portal for MSMEs
December 13, 2021
More than two years after announcing and deliberating on the idea of setting up an Alibaba like e-commerce portal for MSMEs, the government seems to have scrapped the ambitious plan.
Bharat Craft project was announced in Aug 2019 by former MSME Minister Nitin Gadkari at the listing event of 200th MSME on the NSE and was expected to achieve a turnover of ₹10 lakh cr in the next few years”.
The latest update on the portal has come months after Gadkari had informed at another event that the portal, which has to be jointly set up and operated by SBI and the government, was to be outsourced to a private entity for development and operations.
Gadkari had said at an event organized by India SME forum in March 2021, “We had multiple rounds of meetings with Government eMarketplace as well but now I have asked the portal to be outsourced to a private entity. The better the portal performs, the better the commission private entity will get. Also, an agency will be finalized, which will be responsible to deliver the project, because there are various issues that occur within the government while rules are also difficult”.
Rajnish Kumar, the then Chairman of SBI had said at a CII webinar, “It is a work in progress. We have conceptualized how it should be done and the development work on this platform is going to commence soon”.
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