August 15, 2021
1 min read

‘ONDC to break silos in e-commerce’

While reviewing the progress, the Minister said that ONDC will work both for products and services….reports Asian Lite News

Union Minister of Commerce and Industry Piyush Goyal on Friday said the proposed ONDC will end monopolistic practices in digital commerce in India

“Goyal deliberated with the members of the advisory council & experts on how the initiative will democratise digital commerce & move it from platform-centric model to an open-network model,” commerce ministry said in a statement after Goyal chaired a meeting of the advisory council.

While reviewing the progress, the Minister said that ONDC will work both for products and services. “Goyal suggested that some guidelines or basic infrastructure, size, ethics and principles should be there. Goyal further added that security and data privacy and confidentiality must be ensured. He said that this will create new opportunities and remove monopolistic environments,” the statement said.

The advisory council includes R.S. Sharma, CEO, National Health Authority, Nandan M. Nilekani, non-executive Chairman of Infosys, Adil Zainulbhai, Chairman, Quality Council of India, Anjali Bansal, Founder & Chairperson, Avaana Capital, Arvind Gupta, Co-founder and Head, Digital India Foundation, Dilip Asbe, MD and CEO, NPCI, Suresh Sethi, MD and CEO, NSDL e-Governance Infrastructure Ltd, Praveen Khandelwal, Secretary-General, Confederation of All India Traders and Kumar Rajagopalan, CEO, Retailer Association of India.

It may be noted, Open Network for Digital Commerce christened ONDC is globally first-of-its-kind initiative that aims to democratize Digital Commerce, moving it from a platform-centric model to an open-network.

“As UPI is to the digital payment domain, ONDC is to e-commerce in India. ONDC will enable buyers and sellers to be digitally visible and transact through an open network. no matter what platform/application they use. ONDC will empower merchants and consumers by breaking silos to form a single network to drive innovation and scale, transforming all businesses from retail goods, food to mobility,” the commerce ministry said.(India News Network)

ALSO READ:Solar power projects create employment in UP

ALSO READ: Pak ‘smugglers markets’ on brink of collapse as troops withdraw

Previous Story

Ghani vows to prevent further bloodshed

Next Story

Biden increases troops deployment to Afghanistan

Latest from -Top News

London Puts Beijing on Hold

The proposed embassy, earmarked for the site of a historic two-century-old building near the Tower of London, has been bogged down in dispute for more than three years…reports Asian Lite News The

Fiji PM Rabuka Begins First India Visit

The visit comes just weeks after India and Fiji held the 6th round of Foreign Office Consultations (FOC) in Suva, Fiji, in July 2025….reports Asian Lite News Fiji’s Prime Minister Sitiveni Ligamamada

Modi all set for Japan, China visits

By travelling to both Tokyo and Tianjin within the span of a week, Modi is set to balance strategic partnerships with Japan and cautious engagement with China – two relationships that will
Go toTop

Don't Miss

UK warns against anti-India rhetoric

The review into the government’s counter-terrorism early intervention prevent strategy

World’s highest motorable road comes up in Eastern Ladakh’s Umingla Pass

The road has been constructed much above the altitude of