Union Minister Piyush Goyal recently unveiled the Open Network for Digital Commerce (ONDC) during a virtual conference at the ONDC Elevate programme in Bengaluru. With a vision to decentralize India’s bustling e-commerce industry, the minister views ONDC as a transformative force.
As the head of several ministries, including commerce and industry, consumer affairs, food and public distribution, and textiles, Goyal reflected on the rapid growth of the network as a major positive outcome. Emphasizing the ONDC’s democratizing impact on digital commerce, Goyal engaged with the network’s contributors, urging them to further their efforts towards a more inclusive e-commerce landscape.
ONDC Elevate celebrated the completion of ONDC’s inaugural year, enabling participants and ecosystem stakeholders to foster a cooperative atmosphere. The gathering acted as an open forum to discuss past achievements and strategize the future direction of ONDC.
Reflecting on the one-year journey, T Koshy, MD and CEO, ONDC, said, “ONDC has scaled impressively from operating in five cities to 236 cities, with a diverse pool of merchant participation.”
ONDC has marked several milestones since its beta testing in September 2022, boasting 36,000 sellers, 45+ network contributors, and 8+ categories. The network handles an average of 13,000+ retail orders and 36,000+ mobility rides per day. It also significantly benefits self-help groups and non-digitized sellers, the press release stated.
Dignitaries such as Dilip Asbe, CEO, NPCI; Adil Zainulbhai, chairman, Capacity Building Commission; and Jaxay Shah, chairman, QCI, members of the ONDC Advisory Council, graced the event, offering their insights and suggestions to the participants.
This article is based on a report by fibre2fashion.