Portal for small traders launched

Monday, Nov 23, 2015,14:25 IST By Metrovaartha A A A

New Delhi | With an aim of promoting interests of 5.77 crore small businesses, an online portal ‘e-lala’ was today launched to promote business-to-business and trader-to-customer transactions and reduce costs. Urban Development Minister M Venkaiah Naidu inaugurated ‘e-lala’, an e-commerce portal of Confederation of All India Traders (CAIT).

Naidu complimented CAIT for e-lala initiative which is aimed at promoting the interests of 5.77 crore small businesses in the context of rapid expansion of e-commerce in the country. He said online shoppers in the country are expected to increase from 34 million in 2014 to 100 million in 2016 and e-commerce has grown manifold from Rs 3,600 cr in 2011 to Rs 53,000 cr in 2015.

By leveraging digital technology under e-lala initiative, he said the emerging global threat from e-commerce to small traders could be addressed with proper outreach and marketing strategies. e-lala, a city and location based portal, seeks to promote business-to-business and trader-to-customer transactions in a city and thereby eliminating middlemen and resulting in reduced cost of goods and services.

e-lala’s distinctive features include a speciality corner promoting unique products associated with each city, an inquiry corner enabling consumers post their enquiries for a particular product which will be responded to in 24 hours and an artisans corner enabling artisans and entrepreneurs display their products.

According to CAIT, e-lala enables physical stores to have their own online stores enabling them to retain their customer base besides additional source of growth in business. Since it is a city-based portal with involvement of only local traders, choosing an object becomes easy for consumers.