In the last one year, the country’s e-commerce sector has grown by an average of 70 percent. However, the growth rate in daily product marketing was 300 percent. And through this, the annual transaction has reached 16 thousand crore taka.
In the same way, digital transactions in e-commerce have increased by 10 percent and 15 percent of the total transactions are digital. E-Commerce Association of Bangladesh, e-Cab, an organization of e-commerce traders, is going to sign an agreement with two insurance companies soon to consolidate this sector.
This message was conveyed in a press conference on Thursday, ‘It is safe to stay at home, e-commerce is the next future’.
The press conference, chaired by e-Cab President Shami Kaiser, highlighted various aspects of e-commerce business and the steps taken by e-Cab.
E-Cab President Shami Kaiser said the Hon’ble Prime Minister has advised the public to shop online to prevent corona infection. As we know, during the Corona Emergency last year, the government took a quick decision and directed to keep the daily commodities active through e-commerce in compliance with the health regulations. Following this, a circular has been issued this year to keep products and services safe online. In the current situation, the deadline for e-commerce delivery has already been extended from 6 pm to 12 midnight through an application from e-Cab.
Mohammad Abdul Haque Anu, Finance Secretary of e-Cab, presented various aspects of e-commerce and e-Cab activities at the press conference conducted by E-Cab Director Asif Ahnaf.
The finance secretary said that in the last eight months of 2020, transactions of Tk 3,000 crore have been made in daily commodities alone. At present, more than 160,000 deliveries are being made every day, 50,000 new jobs, training of 6,000 youths and overall digital transactions of Tk 16,000 crore. While e-commerce has grown from 25% in previous years to 60-70% last year, there has also been a 300% growth in the sector, especially in the commodities and food business.
He added that e-Cab liaises with financial institutions to deal with the financial crisis of the members during the Corona period. In this endeavor of e-Cab, by signing MoUs with Prime Bank and Citibank, a total of 13 unsecured loans were provided to a total of 13 institutions. Applications of 137 more organizations are in process.
E-Cab Joint Secretary E-Cab Director Mr. Ashish Chakraborty, Zia Ashraf, Nasima Akter Nisha and Director Saeed Rahman, General Manager Jahangir Alam Shovon, Deputy Manager Mahmud Ur Rahman were present.
Meanwhile, Mohammad Abdul Waheed Tamal, General Secretary of e-Cab, informed that this year e-Cab has developed an action plan focusing on four key issues. Topics include grievance management in rural e-commerce, cross-border e-commerce, social media commerce and e-commerce. On its basis, a policy conference titled “Rural to Global” is being organized on April 11. Policy-related programs will be taken up on other issues as well. In addition, e-Cab will take steps to address various issues as the situation demands, including the implementation of the government’s digital commerce policy.