The Urgent need for Digital Transformation of MSME Sector

In India we have there are about 63.05 million micro industries, 0.33 million small, and about 5,000 medium enterprises in the country and all of them catering to variety of Requirements and providing employment opportunities to Millions of people.

One of the major takeaway from the Covid Situation is India has a chance to become the alternate manufacturing destination for the World. A Refocused and Rebooted MakeInIndia Program can help create new Product developments, build new Manufacturing/Processing capabilities, develop supporting infra-structure and can help India become a viable alternative to China.

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B2B Ecommerce - Savings & Gains for Distributors & Manufacturers

As B2B Ecommerce continues to grow many traditional businesses and vendors are now adopting B2B Ecommerce as a mainstream part of their current operations. This is mainly driven by the fact that B2B buyers are demanding a better experience in their professional lives which is coming from their experiences as consumers purchasing from omni-channel retailers. Based on a study last year 75% of B2B buyers surveyed stated that they would buy again from a supplier with an easy-to-use website.

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B2B Ecommerce in India - An Overview

In the last 5 years of my Entrepreneurial journey,  I have spent around 60% of my time in the Industrial Distribution space  i.e B2B – Business Supplies & Equipment of Industrial Products – majorly traditional offline business model and some time in the Online Space as well.

B2B Ecommerce is a  very exciting topic and has immense potential in changing how Business Procurement Functions today . I would be sharing more on the B2B Ecommerce space in the next few posts. In this article I want to quickly talk about the current Market in India , estimated Market Size for B2B Ecommerce and some sub segments of B2B Ecommerce and some of the key players in the Market.

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