eBay India chief meets Commerce Minister Nirmala Sitharaman

Global e-commerce giant, eBay India's Managing Director, Latif Nathani met Commerce and Industry Minister Nirmala Sitharaman to discuss the growth opportunities prospects of the $ 3 billion Indian eCommerce industry, says a PTI report.
eBay India chief meets Commerce Minister Nirmala Sitharaman

Global e-commerce giant, eBay India’s Managing Director, Latif Nathani met Commerce and Industry Minister Nirmala Sitharaman to discuss the growth opportunities prospects of the $ 3 billion Indian eCommerce industry, says a PTI report.

Nathani told PTI that eBay has 50,000 sellers on its platform, out of which 15,000 sell across the globe.

"That is a huge opportunity with the government charter of 'Make in India' because these 15,000 sellers are mostly artisans, craftsman and they are exporting India's products and India's culture abroad," he told PTI

Besides, he added: "This is closely aligned with the government's plan of 'Make in India' and I think the Minister was very receptive to what we are doing and appreciative of that."

Commenting on the meeting, , eBay India’s Managing Director, Latif Nathani said: ‘ It was an "introductory, courtesy meeting" with the minister. Besides, he added that eBay has been in India for nine years and "we are the largest market place in India, so wanted to talk with her about our history in India and about prospects of eCommerce".

 Besides the growing base of sellers, the global marketplace major is also betting big on mobile technology to propel its growth in India."We are looking at significant expansion. We are very bullish on mobile commerce. For example, we have come out with new products on mobile web and mobile app. Mobile is a big area for us," he added.

A report by consulting firm Technopak estimates the USD 2.3 billion e-tailing market to reach USD 32 billion by 2020, driven by increasing Internet penetration. Other reports peg the current market to be closer to USD 3 billion.

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