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Indian e-com players join hands to launch own council TECI

21
Mar '19
Indian e-com players join hands to launch own council TECI
Product and services marketplaces Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe and Fynd, social commerce platform Shop101, digital-first fashion brands like Bewakoof, Breya and Rustorange, and online brands like Mamaearth, Superbottoms and Azah recently launched India’s first e-commerce trade association called The E-Commerce Council of India (TECI).

TECI members account for more than 7.5 Lakh online sellers and service providers. More than 100 million users interact with the online businesses operated by TECI members every month. More than 30 global and domestic institutional investors have invested more than $2.25 billion in the enterprises founded by these companies, according to Indian media reports.

TECI expects to collate, crystallise and share the e-commerce industry’s viewpoint and collaborate with other stakeholders.

Besides policy advocacy, the council seeks to define and encourage the use of industry best practices relating to data privacy, logistics, payment processes, resolution of disputes, consumer protection, micro, small and medium industry (MSME) development and other issues. It will conduct and commission research with regard to issues concerning the e-commerce sector.

TECI will also provide a neutral and objective platform for discussion and debate on non-competitive issues relating to the development of the ecommerce sector in India. (DS)

Fibre2Fashion News Desk – India


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