New Delhi, India, April 20, 2014: eBay India (www.ebay.in), India’s eCommerce marketplace and the Confederation of All India Traders (CAIT), (www.cait.in) the apex body representing the trading community in India, has announced a landmark Memorandum of Understanding (MOU) aimed at benefiting the Indian retail landscape. The MOU between eBay & CAIT was announced at a press conference in Delhi.
The MOU between eBay India & CAIT is aimed at education & modernisation of Indian traders with the establishment of an eCommerce Centre of Excellence (COE) within the CAIT Retail School. The COE will launch a nationwide campaign among the business community in India to educate them as to why their existing business format requires upgradation and modernisation and how such upgradation will be accomplished. This first of its kind national awareness campaign is being launched jointly by eBay and CAIT and will enable Indian traders for retail exports via eBay to 201 countries and national online trade to 4,306 Indian locations. The campaign will empower traders to grow their respective business in online domestic trade as an additional channel of business without having any adverse effect on brick and mortar shops.
Managing Director of eBay India Latif Nathani said, “CAIT is an excellent partner with its large base of 60 million traders conducting business activities in retail trade of India. We look forward to enabling their member traders for a successful eCommerce business and creating an additional source of livelihood for them by enabling both retail exports of Indian goods and widespread national trade. This MOU signals the beginning of a multiyear relationship and will add a new era to modernizing the retail trade of India which is the need of the hour.”
National President of CAIT B. C.Bhartia said, “Existing online marketplace platforms like eBay are one of the best opportunities for retail traders in India to generate additional business without much investment. It will certainly enable the standalone retailers to compete with global retailers and their Indian counterparts in an effective manner. It will further give ample opportunities of developing more business for service providers, transporters and other sections of Indian economy beside the business community”.