TIL Desk/Business/Chandigarh/ Snapdeal is making progress in taking Indian markets online to offer sellers a robust and future-ready opportunity to grow their business by expanding their operations, a senior company official said here on Wednesday.
“In India, (just) 10 per cent of the retail is in the organised sector… In the past, unorganised retail was adversely impacted by organised retail… Snapdeal built a marketplace to provide these (unorganised) sellers with an opportunity to move online in order to grow,” Snapdeal Senior Vice-President (Corporate Affairs and Communications) Rajnish Wahi said here.
He said the country’s overall consumption demand is worth USD 800 billion currently and is expected to reach USD 2 trillion by 2025. “Online commerce is nearly 2 per cent of India’s retail and will reach 10 per cent by 2025. Thus, the online market in India will be worth USD 200 billion in the next 7 years.”
On the Punjab market, he told reporters that Punjab-based retailers are the highest sellers of sports goods on Snapdeal and serve buyers all over the country. “Some of the popular sports goods sold online by Punjab-based sellers are punching bags, badminton racquets, sports shoes, hand wraps, and home gym sets. They also sell huge quantities of safety rods and protein supplements,” Wahi added.
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