Centre eyes Rs 10L-crores revenue from e-com project

Mumbai: Union minister Nitin Gadkari on Thursday said the government's plan to launch Bharatcraft portal, an e-commerce marketing platform, has the potential to achieve revenues of around Rs 10 lakh crore in the 2-3 years.

"The Bharatcraft portal, which will be on the lines of Alibaba and Amazon, will provide a platform for MSMEs to market and sell their products and in turn boost the sector," Gadkari said.

Speaking at 200th listing of an MSME company 'Wonder Fibromats' on NSE EMERGE, Gadkari said, "We want to give a boost to the MSME sector which is currently contributing nearly 29 per cent to the manufacturing segment and 40 per cent to the exports."

The MSME sector has the potential to generate additional employment of 5 crore in the next five years. The government has set a target to increase the contribution of MSMEs in the manufacturing sector to 50 per cent in the next five years, he added.

Gadkari further said that payments have always been the issue for the MSMEs as the Government and public sectors delay their payments.

"A committee has been set up to study this aspect and we expect the report in the next few days. Any further delay in payments would lead to legal implications," the minister said.