Open Network for Digital Commerce (ONDC), an initiative of the Department of Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, Government of India, conducted a one-day workshop, “Enabling Bharat 2.0” in association with NPCI, RBIH and Sahamiti (AA). The event aimed to enlighten attendees on the vast potential of open network initiatives and how these technologies can revolutionise digital commerce in India.
By bringing together a diverse group of stakeholders including industry professionals, representatives from the banking community, government officials, private equity players, members of the technology community and BFSI experts among others; the workshop facilitated meaningful dialogue and exchange of ideas on the transformative potential of open networks along with an in-depth look at selected sectors.
Minister of Commerce and Industry Piyush Goyal inaugurated the workshop and launched a collaborative market report by ONDC and McKinsey & Company, titled Democratising Digital Commerce in India. The report examines the potential for rapid growth in digital commerce possible due to ONDC and highlights the innovative possibilities that could emerge within an unbundled, open network ecosystem.
During the event, T. Koshy, MD (managing director) and CEO (chief executive officer), ONDC addressed the attendees, sharing insights into ONDC's journey, vision and notable innovations achieved thus far. The inaugural address was delivered by Dr Pramod Varma, co-founder at FIDE and former chief architect of Aadhaar and India Stack, on unlocking digital led-growth and the paths for open networks.
The event witnessed the participation of more than 200 senior executives from a wide range of sectors including e-commerce, FMCG, technology, BFSI, mobility and telecom. The workshop featured a series of insightful panel discussions that covered a broad spectrum of topics, including commerce, financial services, logistics, agriculture and B2B (business-to-business) opportunities.
“ONDC offers a unique proposition to empower all kinds of stakeholders to become a part of the digital revolution and reap uncapped benefits from it. The workshop sets up the right stage to revisit what we have achieved so far, and set the ideal tone for the future through holistic collaboration, driving strategies for inclusion, empowerment and economic growth,” said T Koshy, MD and CEO of ONDC.