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

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The story "Quick commerce a challenge to retailers, will become political issue: Uday Kotak" was covered 11 hours ago by YourStory, a news publisher based in India.

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

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.