Quick commerce a challenge to retailers, will become political issue: Uday Kotak

Quick Summary:

The founder and non-executive director of private sector lender Kotak Mahindra Bank also said India is a unique country in the world where quick service retail has succeeded, unlike in most other parts of the world where this model has not been as effective.

His comments come a day after the listing of Swiggy, a prominent name in quick commerce.

We should move in the direction of open trade rather than protecting domestic business," he said.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Commerce Quick Service Kotak Challenge Trade Privacy Policy Indian World Country

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 09:50:29 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23583605

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