“Although e-commerce in India is still in its growth stage and the market will evolve in its own unique way, the same holds true for the regulatory requirements as well. As one of India’s leading e-commerce companies in the B2B domain, we hope that the Union Budget will address issues specific to e-tailing. Presently heavy online discounting, predatory pricing, preferential treatment to select sellers or monopolizing of the market is rampant and unchecked. This is creating an imbalance across the whole partner and fulfilment ecosystem affecting both online and offline B2B businesses. Since we serve both sides of the B2B space, we understand there is an urgent need to address the aforementioned concerns. As a platform that is neutral to both sellers and buyers, we feel confident and hope that the Government will make changes in the policy framework to help e-commerce grow organically based on positive, genuine parameters and not on a discount driven model which eventually will hurt the overall ecosystem,” Mr Rajan Sharma, Founder & Chief Executive Officer, Excess2Sell.com.
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