Infosys co- founder, Aim to protect India retail from Walmart, Amazon



Highlights:

• Nandan Nilekani helping government to build Open technology network.
• Its purpose is to create a freely accessible online system.
• The biggest challenge is to ensure the network achieves its goals.

Nandan Nilekani helping Prime Minister build an open technology network that seeks to level the playing field for small merchants in the country’s fragmented.

Building an open technology network

The co- founder of Infosys Ltd., Nandan Nilekani became a billionaire and went on to spearhead a colossal government program to create biometric identification for India’s almost 1.4 billion people. Nandan Nilekani has one more ambitious goal. He is helping Prime Minister Narendra Modi build an open technology network that seeks to level the playing field for small merchants in the country’s fragmented but fast- growing $1 trillion retail market.

Purpose of creating Open network

Its purpose is to create a freely accessible online system where traders and consumers can buy and sell everything from 23- cent detergent bars to $1800 airline tickets. Its unspoken objective is to eventually curb the powers of Amazon. com Inc. and Walmart Inc.- owned Flipkart, whose online domination has alarmed small merchants and the million of local mom and pop stores, called Kirana , that form the nation’s retail backbone.

It aims to allow small merchants and retailers to plug in and out gain the reach and economies of scale of giants. Essentially, the government would create its own e-commerce ecosystem foe everyone, designed to loosen the stranglehold of companies like Amazon that dictate which brands get access to prime consumers and on what terms.

Challenges that could faced

The biggest challenge would be to ensure the network achieves its goals. The government needs to build something comparable or better if it wants to outdo the dominant e-commerce platforms. The challenge is also to standardise and smoothen the experience such as returns and funds for buyers and sellers and to create an open network where everybody wins.

If it become successful, the e-commerce grid could help millions of small businesses go online and worry less about the global giants. The open network is targeting 100 cities in the coming month. “we are charting a new course and the goal is to change the rules of the e-commerce game,” said Nilekani.

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Dr. Kirti Sisodhia

Content Writer

CATEGORIES Business Agriculture Technology Environment Health Education

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