India to launch open e-commerce network to take on Amazon, Walmart: Report

India to launch open e-commerce network to take on Amazon, Walmart: Report

The government's ONDC platform will allow buyers and sellers to connect and transact with each other online

FPJ Web DeskUpdated: Friday, April 29, 2022, 09:44 AM IST
article-image
The launch of the platform comes after India's antitrust body on Thursday raided domestic sellers of Amazon and some of Walmart's Flipkart following accusations of competition law violations. /Representative image |

India will on Friday launch an open network for digital commerce (ONDC) as the government tries to end the dominance of UScompanies Amazon.com and Walmart in the fast-growing e-commerce market, a government document showed, Reuters report said.

The launch of the platform comes after India's antitrust body on Thursday raided domestic sellers of Amazon and some of Walmart's Flipkart following accusations of competition law violations. The companies did not respond to request for comment on the raids, the report said.

Indian retailers, key supporters of Prime Minister Narendra Modi, have long contended that Amazon and Flipkart's platforms benefit a few big sellers, via predatory pricing, though the companies say they comply with all Indian laws.

The government's so-called ONDC platform will allow buyers and sellers to connect and transact with each other online, no matter what other application they use. It will be soft-launched on Friday before being expanded, the trade ministry told Reuters.

(With inputs from Reuters)

RECENT STORIES

Let’s Understand Why Rent Or Buy Choices Reflect Different Mindsets

Let’s Understand Why Rent Or Buy Choices Reflect Different Mindsets

How Amenity Upkeep Drives Buyer Choice

How Amenity Upkeep Drives Buyer Choice

Transform Life Via Homes That Heal

Transform Life Via Homes That Heal

Real Estate: Reap Big Benefits From A Concrete Opportunity Amidst Market Optimism

Real Estate: Reap Big Benefits From A Concrete Opportunity Amidst Market Optimism

Gujarat: Adani Builds World's First Port Road Using Steel Slag, Pioneering Green Infrastructure

Gujarat: Adani Builds World's First Port Road Using Steel Slag, Pioneering Green Infrastructure