getitBazaar’s reaction on FDI in ecommerce

Quote from CEO of Kiran Murthi on FDI in e-commerce:

CEO-of-getitBazaarIndia has a long tradition in retail and our traders, artisans, shopkeepers and manufacturers continue to service customers across the world, we are sure that the opening up of investment and entry of strong players from across the world will help grow the market and build the much required technology, distribution and marketing infrastructure for everyone. Given our rapid digital penetration and the governments stated priority of digitisation it would be sad if this opportunity is lost and we continue to invest in real estate based models which are very poor in labour productivity and capital efficiencies. The vision must be for every seller big or small, Indian or international to grow and find new opportunities in the new digital bazaars of India which is accessible to every Indian.

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