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FMCG distributors urge govt to address quick commerce impact on retail

Business Standard LogoBusiness Standard5h ago

FMCG distributors urge govt to address quick commerce impact on retail - Business Standard

Quick Summary:

It further noted that this situation is not only creating an uneven playing field but is also threatening the livelihoods of millions of small retailers and distributors who have been the backbone of India’s retail sector for decades.

Online e-commerce offers tremendous benefits, such as convenience and speed,” Goyal said, adding, “What the government and the country desire is fair play, honesty for the customer, and honesty to the supplier, to ensure that our people have a fair chance to compete against such online businesses.

However, he later clarified that the government has no intention of stopping online commerce and that the idea is for small retailers to coexist with online services.“We are very clear that we want to invite FDI, we want to invite technology, and we want to have the best of the world.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 19:20:02 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22229002

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 281 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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