<p>New Delhi: The government-backed Open Network for Digital Commerce (ONDC) has announced that its MD and CEO, T Koshy, has stepped down following the completion of his three-year tenure at the company.</p><p>ONDC is an initiative of the commerce and industry ministry to help small retailers expand their business and reduce the dominance of e-commerce giants.</p><p>It aims to build an open, interoperable network on which buyers and sellers can transact without needing to be present on the same platform.</p>.Mexico taps Edgar Amador as new finance minister after Ramirez de la O steps down.<p>"Koshy has expressed his desire to step down," ONDC said in a statement.</p><p>The MD and CEO responsibilities have been transitioned to an executive committee.</p><p>According to an official, the process to select a new CEO and MD would be initiated soon.</p><p>ONDC offers small retailers an opportunity to provide their services and goods to buyers across the country through an e-commerce system, where buyers are able to purchase products that are sold on any platform.</p><p>It is not an application, platform, intermediary or software but a set of specifications designed to foster open, unbundled, and interoperable open networks.</p><p>Incorporated on December 31, 2021, ONDC is a Section 8 (not for profit) company.</p>
<p>New Delhi: The government-backed Open Network for Digital Commerce (ONDC) has announced that its MD and CEO, T Koshy, has stepped down following the completion of his three-year tenure at the company.</p><p>ONDC is an initiative of the commerce and industry ministry to help small retailers expand their business and reduce the dominance of e-commerce giants.</p><p>It aims to build an open, interoperable network on which buyers and sellers can transact without needing to be present on the same platform.</p>.Mexico taps Edgar Amador as new finance minister after Ramirez de la O steps down.<p>"Koshy has expressed his desire to step down," ONDC said in a statement.</p><p>The MD and CEO responsibilities have been transitioned to an executive committee.</p><p>According to an official, the process to select a new CEO and MD would be initiated soon.</p><p>ONDC offers small retailers an opportunity to provide their services and goods to buyers across the country through an e-commerce system, where buyers are able to purchase products that are sold on any platform.</p><p>It is not an application, platform, intermediary or software but a set of specifications designed to foster open, unbundled, and interoperable open networks.</p><p>Incorporated on December 31, 2021, ONDC is a Section 8 (not for profit) company.</p>