Saturday, July 5, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Exports

India urged to lead SCO in promoting e-commerce

Fiinews by Fiinews
January 15, 2020
in Exports, Health, Industry Sectors, Investment, Technology
Reading Time: 2 mins read
A A
0
Surat Station Concept
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Swarup identifies cooperation areas

 

SCO.
Secretary General Vladimir Norov.

India has been urged to actively participate in promoting e-commerce among member countries of the Shanghai Cooperation Organization (SCO), give it being the driving force in digitization.

“Given that India is one of the driving forces behind the development of digitization and electronic commerce, we believe it is important that India actively participates in promoting e-commerce among the SCO countries,” said SCO Secretary General Vladimir Norov.

He also called on SCO member countries to cooperate in developing e-commerce in the region as it is rapidly growing and changing the structure of world economy.

“The time has come for purposeful and active action for development of e-commerce in our countries,” said Norov at the ‘Enhancing Indian Industry’s Engagement with SCO’ conference organised by FICCI on 13 Jan 2020.

Norov said that e-commerce provides opportunities for companies to expand their markets, scale up their businesses, reduce transaction cost through economies of scale and more efficient use of capital, as well as to create new jobs.

Elaborating, he said that globalisation process despite the rise of some restrictive trade practices has opened up great opportunities for the growth of developing countries and SCO can play a key role in facilitating and boosting international trade.

“India’s accession to SCO as a full-fledged member has opened up new opportunities for further development and deepening of full-scale cooperation. This will be beneficial to India and other SCO members states,” he underlined.

Vikas Swarup, Secretary West, Ministry of External Affairs, noted that the SCO has emerged as a key regional organisation in the Eurasian space in the past two decades accounting for 40% of the world?s population.

“India has emerged as an attractive destination for medical tourism,” highlighted Swarup while identifying areas of potential cooperation in the region as pharmaceutical, health, hospitality, renewable energy, education, culture, infrastructure, energy and disaster management.

Shiv Vikram Khemka, Chair, National Chapter of India at SCO Business Council, talked about increasing cultural connectivity among the SCO nations by engaging the youth of the member countries in areas like art, literature, music and movies.

He also said that economic collaboration is the foundation of regional collaboration.

FICCI President Dr Sangita Reddy added that SCO is one of the most significant collaborations for India.

India’s full membership to SCO will provide immense economic opportunities for India and other member countries, he pointed out.

“India is one of the largest consumer markets in the world with a rising middle class population and a sizeable young workforce,” said Dr Reddy, highlighting India’s progress in healthcare sector where quality medical treatment is available at one-tenth of global prices. fiinews.com

Tags: FICCI
ShareTweetShare

Related Posts

Toy Biz International2
Exports

Export: India supplies toys to 153 countries

by Fiinews
July 5, 2025
0
17

Minister tells industry to focus on good branding The manufactured in India toys are exported to 153 countries, Commerce and...

IPA
Investment

Invest: Serendipity Space raises pre-seed round

by Fiinews
July 5, 2025
0
17

Company leveraging space-based crystallization technology Serendipity Space, a pioneering space-tech company developing microgravity-based pharmaceutical manufacturing solutions, has raised its pre-seed...

MTI

Tech: TCS to be part of Singapore Smart Nation

July 5, 2025
20
Predictmedix

Tech: Predictmedix launches screening from India

July 4, 2025
15
Traton

Tech: TRATON selects LTTS as engineering partner

July 4, 2025
15
Equinor

Tech: Equinor selects HCLTech for expansion

July 4, 2025
15
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tender: Take care of new urban development
  • Manufacturing: Framework on Drones by Sep-Oct
  • Project: Joint maritime professionals launched
  • Market: Daimler bullish on construction sector
  • Tender: Minister wants innovation in projects

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.