The project in association with CAIT is being executed by National Institute of Electronics & Information Technology and is funded by Department of Electronics & Information Technology. The workshop is first step to spread awareness among the traders and series of such workshops will be held in different states .
While addressing the traders, Sibal said that adoption of e governance among traders of the Country will not only improve business prospects but will also have an empowering effect on the common man who is the end consumer. He further said that e-Governance promotes transparency and provides smooth conduct of business operations and also have higher government accountability.
There is a need to create an enabling eco system among the domestic trade of India for its sustainable development in a holistic and integrated manner.
The Indian retail accounts for around 15% of the GDP with more than 5 crore small shopkeepers and more than 22 crores people dependent upon them throughout the country excluding low cost kiosks, push cart and foot path vendors.
India has the highest density of retail outlets in the world – for 1000 persons there are 15 retail outlets in India. The overall size of retail market in India at present is estimated at Rs. 20 lakh crores. About 5% of the retail trade is in the organized sector and the balance 95% is self-organized.
The country’s retail trade is expanding 15% every year with an addition of 25 million middle class consumers.