The FBCCI's standing committee will work to restore confidence in the e-commerce sector

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The FBCCI's standing committee will work to restore confidence in the e-commerce sector

Peoples Time desk

Published : Friday, 4 February, 2022 at 2:17 AM, Count : 397

The FBCCI's standing committee will work to restore confidence in the e-commerce sector

The country has huge potential for e-commerce. But for various reasons, the sector is in a crisis of consumer confidence. The FBCCI's Standing Committee on E-Commerce will work to overcome this situation and create new entrepreneurs.

Shomi Kaiser, Director in charge of the committee and president of E-Cab made this remark at the first meeting of the committee held at the FBCCI office on Thursday afternoon. She said e-commerce businesses have bloomed during the Covid pandemic and generated thousands of employment. However, in some isolated cases, the image of e-commerce has been tarnished. In order to overcome this crisis, the Ministry of Commerce will provide unique identification numbers for e-commerce companies, she informed.

A Complaints Management Cell will also be formed soon under the supervision of the directorate of national consumer Rights Protection. All These initiatives will soon regain the consumers' trust on e-commerce, Shomi Kaiser added. She mentioned that a roadmap for one year would be drawn up by the standing committee for the development of the overall e-commerce ecosystem.

Speaking as the chief guest at the meeting, FBCCI President Md. Jashim Uddin said that in order to create sustainable e-commerce, entrepreneurs in this sector must ensure institutional transparency and accountability and compliance. In his speech, the FBCCI Chief recommended establishing effective monitoring of E-Commerce. Effective supply chain in E-Commerce will help harness the potentials of this sector, he added.

FBCCI Senior Vice President Mostofa Azad Chowdhury Babu said that in order to restore confidence in e-commerce, it is necessary to formulate specific policies in this sector.

Presiding over the meeting, the Chairman of the Standing Committee TIM Nurul Kabir said that, lack of bank loans, poor penetration of cards, over-reliance on cash on delivery and absence of cross-border e-commerce policies are some of the major challenges facing the business.

In the open discussion, the co-chairmen and members of the committee complained that the Ministry of Commerce has not yet made the digital commerce cell fully functional and also it is yet to fix who will monitor the SOP in E-commerce.

The speakers demanded tax relaxation till 2030 and to include e-commerce in government procurement till 2030.

Also present at the meeting were FBCCI Director Amzad Hussain, Secretary General Mohammad Mahfuzul Hoque, Standing Committee Co-Chairmen Mohammad Abdul Haque, Mohammad Sahab Uddin, Mostafizur Rahman Sohel, Zia Ashraf, M Rashidul Hasan and others members.

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