24 July 2024, Mumbai
E-commerce industry leaders and experts have welcomed the announcements made in the Union Budget 2024-25, highlighting their potential to boost economic growth.
Kalyan Krishnamurthy, CEO, Flipkart Group, states, the budget will help enhance India's human and organisational capital, remove supply chain bottlenecks and support MSMEs. The reduced TDS rate will free up working capital, boosting sellers' efficiency.
DhireshBansal, CFO, Meesho, adds, the reduction in TDS rates will improve liquidity for small businesses, enhancing working capital efficiency and fostering parity between online and offline operations.
A spokesperson from Amazon India notes, combined with the Amazon Global Selling program, the reforms announced in the budget will empower Indian MSMEs to reach global markets, moving closer to their goal reaching $20 billion in e-commerce exports by 2025.
Dinesh Gulati, COO, Indiamart Intermesh adds, the new schemes and increased Mudra loan limits will provide essential financial assistance, driving the sector's growth and global competitiveness.
Author’s Posts
-
Bharat Tex 2025: A fashionable revolution in the Indian textile industry
06 September 2024, Mumbai
Bharat Tex 2025 is poised to redefine the Indian textile industry,...
Nov 30, -0001
-
Easybuy strengthens retail presence with a new store in Vijayapura
06 September 2024, Mumbai
Landmark Group's leading value fashion brand,
Indian Handlooms: Redefining modern luxury and global market potential
05 September 2024, Mumbai
Indian handloom industry, deeply rooted in the country's rich cul...
Sep 05, 2024
-
Abraham & Thakore launch first flagship store in Hyderabad
05 September 2024, Mumbai
Abraham & Thakore, celebrated as the ‘Masters of Minimalism...
Sep 05, 2024
-
Azorte to expand in Gujarat with debut store in Jamnagar
05 September 2024, Mumbai
Fashion and lifestyle brand
Latest News
Latest Publications
