ONDC will help small retailers survive Ecomm onslaught: Piyush Goyal

New Delhi: Open network for digital commerce (ONDC) will help small retailers survive the onslaught of large tech-based ecommerce companies, union minister Piyush Goyal said on Monday.

“Our effort will be to encourage more and more startups and small companies even at the local level who will get the small retail integrated into the ecommerce ecosystem,” Goyal, who is minister for commerce and industry, consumer affairs, food and public distribution, and textiles, said at FICCI’s annual event for retail, FMCG and e-commerce. “And just like UPI was able to democratise payment systems, we do hope ONDC will play its role in democratising or socialising the benefits of e-commerce to the people at large.”