Government to initiate Integration of MSME supply chain on Ecommerce platforms: could help ailing MSME

2. Use of BIGDATA analysis to tap the future order requirement and make suppliers to keep inventory ready

3. One can use Blockchain technology to map the supply of orders and sale of value added products, types of skill set supply etc.

The ecommerce portal will thus register sale of intermediaries, sale of value added products for bulk to wholesalers and retailers along with registration of skilled labor for employment and not the least credit and lending products by banks and NBFCs which can opted on the portal itself.

Thus an ecommerce portal will not only have a retail function but will at the same time have a polyvalent approach integrating of supply, sale and employment.  The registration of credit agencies will help the MSMEs with information about various banking products at one go . The portal also can provide chatbot service for better interface. At the same time there will be creation of a rich database of various aspects of MSME.

In the third stage the Ecommerce application can be enabled by global task force of fintech and digital technology businesses to channel the collaboration and urgency between global and domestic player to build a dedicated digital SME fast lending solution from scratch which can help Foreign Institutional Investors to map potential investment into MSMEs using this highly dedicated, verified and Government of India monitored E-Business Platform.

On financing side this solution would not be a new lending bank but  simply a tactical mechanism for funneling money from banks and other institutions  to SMEs more rapidly by breaking the funding logjam that threatens to put so many SMEs out of business, radically accelerating the approvals, onboarding and payment processes.

In the fourth stage this digital fast lending concept can also combine with globally available technology and platforms potentially allowing it to be adapted and rolled out to different markets across the world.

The WTO can play an important role in seeking  mandates by world governments to connect to each other .

 Thus the GoI backed Ecommerce platform will play an important part in connecting Indian businesses to each other and also with foreign parties and at the same time will help seek domestic and international finance along with skilled employment.

In view of business opportunities in business and trade post COVID19  there will be no deglobalisation but definitely there will be realignment in global business opportunities. In such circumstances such Ecommerce platforms can play a vital role in taking advantage of the new opportunities and alignments.

We hope are suggestions are taken in good spirit of development of the economy in order to boost its growth.