Sign In
Learn bits
Economy
Mahesh

31/10/22 05:48 AM IST

Shiprocket becomes first inter-city logistics provider to join ONDC network

In News 
  • Shiprocket said it is the first inter-city logistics provider to plug into the ONDC network, enabling sellers from all segments to ship products to cities and towns across India.
About Shiprocket 
  • Shiprocket, which serves more than 100,000 customers, will enable sellers from 24,000 pin codes to select delivery partners to ship products across India, through both cash-on-delivery and pre-paid options.
  • ONDC’s mission is to enable an inclusive eCommerce ecosystem for all of India where a business in a small village in a remote corner of India can have the confidence and the opportunity to sell their products to customers anywhere in the country.
  • With Shiprocket and ONDC working in tandem, this is now a reality.
  • ONDC and Shiprocket are working to enable warehousing-as-a-service on the network.
  • This will allow small and medium businesses to provide same-day shipping services to their customers.
ONDC 
  • The Open Network for Digital Commerce (ONDC) is a government-backed project which is aimed at enabling small merchants and mom-and-pop stores in parts of the country to access processes and technologies that are typically deployed by large e-commerce platforms.
  • It is an initiative aiming at promoting open networks for all aspects of the exchange of goods and services over digital or electronic networks.
  • ONDC is to be based on open-sourced methodology, using open specifications and open network protocols independent of any specific platform.
  • ONDC is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of the Government of India to develop open e-commerce.
Source- Business Standard 

More Related Current Affairs View All

25 Sep

Dengue cases around the world

'As cities across India report a surge in dengue cases, a record number of cases have been reported around the world this year with Brazil and other South American countries worst

Read More

25 Sep

The NCrF as a framework for well-rounded education

'Cognitive inconsistency and axiomatic irrationality become evident when a few put forth the view that the spirit behind and the structural reforms advocated by the National Educat

Read More

24 Sep

Leveraging transit-oriented development to build productive cities

'Indian cities are on the brink of a transportation revolution, with a projected expenditure of ?3 trillion (between 2022–2027) set to be spent on approved metro rail project

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps