Ktk govt partners Snapdeal, in process to do with Amazon too

Ktk govt partners Snapdeal, in process to do with Amazon too

Ktk govt partners Snapdeal, in process to do with Amazon too

Karnataka Government has partnered with online marketplace Snapdeal and is in the process of doing it with Amazon also to set up a platform for Small and Medium Enterprises in the state to sell their goods to the entire world, a top government official said.

Speaking at the tenth India Innovation Summit 2014, Srivatsa Krishna, Secretary in the Department of IT, BT and Science and Technology, Government of Karnataka, said: "In one step they can reach the whole world from wherever they are in Karnataka; and we have to take connectivity to every district, going down to every taluk."

"They can actually be part of the large global market, which I think will be a huge step forward," he told the Summit, organised by the Confederation of Indian Industry.

Later speaking to reporters, Krishna said "it will be a market place for small and medium enterprises of Karnataka to connect to the global market, so we have reached out to Snapdeal and Amazon for it....; Amazon has still not done it, it is still in the process. Snapdeal has already done it."

He said "....it is a simple platform, a replica of a Snapdeal platform but with Government of Karnataka and Snapdeal together designing it...."

To a question on investment, he said "the platform is already there, Snapdeal and Amazon have their platform, just create another store on top of it."

Inaugurating the summit with the theme 'Innovation for Inclusive Growth', Karnataka Chief Minister Siddaramaiah said "...it is not enough to just be an ideal investment destination. To ensure that the state is always ahead in the growth curve, specific policies and initiatives need to be taken up for the state to continue as an ideal investment destination."

He said in this regard, the state would shortly unveil its new industrial policy for the year 2014-19.

"The updated policy will take into account the rapid changes occurring in the state's economy and will create a robust framework, within which industries will be able to grow and new industries will find it attractive to set up here," he added.

The Chief Minister also said the State Government was in the process of formulating a new infrastructure policy that would provide infrastructure services for both existing companies and also companies willing to invest in Karnataka.

CII immediate past President and Chairman of the summit, S Gopalakrishnan said: "I strongly believe that we need to create a student entrepreneurship policy for the state. We need to create incubation labs in colleges where students can experiment, innovate and create the next generation products."

He also said, "we need to continuously review and modify our policies around starting, operating and closing  a business- what we call ease of doing business...."