Online Jewellery market may grow in another 3 years
The Dollar Business Bureau Due to an increase in the sales in e-commerce, the online jewellery market in India is expected hit $3.6 billion in the coming three years. This is around 20% of the estimated global market size of $18 billion. Adish Shah, CEO, Jewelemart said currently, the world online jewellery market is around $10 billion, which will grow to $18 billion in next three years and India can capture a market share of 20%." He also added that, “We have launched the first B2C (Business-to-consumer) and B2B (Business-to-business) portal, www.jewelemart.com. This will immensely benefit consumers who can now buy certified diamond-studded gold jewellery at very competitive price from this 24x7 online virtual store.” Adish also pointed out that there is good scope ...
E-commerce gives boost to Indias SME sector, says study
The Dollar Business Bureau The growing e-commerce sector which is expected to cross $80 billion by 2020 in India has proved to be a driving force for the country’s small and medium enterprises (SMEs), adding to their exports value and revenue, a study has said. According to the study carried out by online shopping platform Snapdeal and research firm KPMG, extensive use of internet can double the export of any small unit. “SMEs that use the internet extensively tend to export approximately twice as much by export value when compared to SMEs using the internet sparingly,” it said. At present, the SME sector accounts for more than 17% of the country’s GDP and contributes to 40% of the total exports. With ...
New framework to promote e-marketing of handloom products
The Dollar Business Bureau The government has brought in a new policy to promote the e-marketing of handloom products. The move is aimed at attracting young customers who prefer shopping online. The move comes days after the government announced initiatives like 'India Handloom' brand and the ‘National Handloom Day’ to encourage the weaving industry. As per the new policy, the Office of the Development Commissioner (Handlooms) under the Ministry of Textiles would collaborate with approved e-commerce companies to promote handloom products. Any e-commerce operator willing to promote handloom products in collaboration with the DC office can also apply for the same. A separate committee will look into the track record and turnover of the applicants, and based on their proposed handloom fabric ...
