Indian minister Goyal reviews Open Network for Digital Commerce

27 Oct '21

2 min read

Pic: Piyush Goyal/Twitter

Indian minister of commerce & industry, textiles, consumer affairs and food & public distribution Piyush Goyal recently reviewed the progress on the Open Network for Digital Commerce (ONDC) initiative of the department for promotion of industry and internal trade (DPIIT), which has approved a budget of nearly ₹10 crore for the initial work on the project.

The Quality Council of India (QCI) has set up a team of experts for execution of the project in a mission mode. A number of small and medium enterprises (SMEs) have been on-boarded as volunteers to complement the ONDC team.

An ONDC gateway has also been established. About 20 entities covering all network components are at various stages of on-boarding, an official release said.

The role of the entity would be to develop the network by adopting and building enabling technology and encouraging wide-scale voluntary participation by eco-system players. It would ensure network discipline by establishing a code of conduct and rules of network based on principles of consumer protection, fair trade and regulatory conformity.

The entity will also provide foundational services for managing the network like digital infrastructure for the network, common registry, certification of participants and certifying agencies, grievance redressal, etc.

It will develop and operate reference applications for buyers, sellers and gateway for market activation and priming the network along with partner entities. It will also support SMEs in their digital transformation by developing readymade tools to help existing software applications quickly adapt to the network.

Fibre2Fashion News Desk (DS)

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