New Delhi [India], Nov 16 (ANI
-BusinessWireIndia): SME MaXX, India's leading SME success services company, announced collaboration with IDFC bank to enable Indian SMEs set up an effective e-commerce channel for their business. As a part of the collaboration IDFC bank will sponsor a series of e-commerce workshops in major Indian cities.
E-commerce adoption has positively impacted revenues and profitability of SMEs. Despite high potential, a majority of Indian SMEs are yet to adopt e-commerce or are sub optimally engaged. A recent KPMG study highlighted the need for training programs and support to help SMEs benefit from e-commerce.
SMEs attending these workshops will be trained to set up and manage their own e-commerce channels. They will gain insights in to global best practices and access the latest e-commerce tools to grow their business.
As per a recent Goldman Sachs report, the e-commerce sector in India is projected to cross USD80 billion by 2020 and USD300 billion by 2030. A large percentage of this growth will be at the cost of conventional business channels. SMEs that are unable to leverage e-commerce effectively, risk losing customers.
"We are already seeing the digital economy get a massive boost post the recent demonetization. As more people get comfortable with digital payments, e-commerce will boom," said Dr. Kiran Reddy, CEO of SME MaXX
. "The objective of our initiative is to help SMEs with the impending transition. The workshops will equip SMEs to compete effectively with large chains and e-commerce companies and protect their market share."
The workshops will be conducted in Mumbai, Delhi and Bengaluru and later expanded to Ahmedabad, Chennai, Hyderabad and other cities. (ANI