ONDC and Google Cloud will launch an India-wide hackathon aimed at catalyzing innovation and addressing critical challenges for the next billion digital users in the country, according to an official statement
Both business and customer dynamics of ONDC are reportedly competing effectively with Swiggy and Zomato in the context of online food delivery business
The minister highlighted that ONDC will foster economies of scale, competition and better pricing along with quality that will ultimately benefit consumers
ONDC's focus on expanding the online opportunity in India and creating a more inclusive e-commerce ecosystem is well matched with Snapdeal's focus on growing e-commerce beyond just brands and urban users
The minister also said that the consumer industry in India, and FMCGs have been victims of indiscriminate low-quality imports because of which people have suffered
According to an official statement, this will be Amazon's initial collaboration with ONDC as they continue to explore other potential opportunities for stronger integration between the two in future
The company reportedly said that it had successfully integrated with sellers and was ready to begin intercity express parcel movement, catering to over 18,400 pin codes in the country
The report stated that the nation currently has the third-largest shopper base globally, with 180 to 190 million online shoppers in 2021, which is estimated an increase at 400 to 450 million by 2027
The objective of the beta test is to allow consumers to experience the network for the first time and gather feedback which will help further refine the network before a pan-India roll-out
The ministry issued a statement in which it is said that the number of network participants on the platform would soon be above 30 in the upcoming weeks
The ONDC advisory council meeting chaired by the commerce minister on Thursday discussed about the overall developments and future plans of open network in the e-commerce sector