Left Menu
Development News Edition

SDF plans cross-border e-commerce platform

"A proposal to develop a cross border e-commerce platform along with a SAARC money card for the common people across the region is under finalisation," he said.

PTI | Updated: 09-07-2018 19:24 IST | Created: 09-07-2018 19:24 IST

Thimpu-based SAARC Development Fund (SDF) is in the process of developing an e-commerce platform for enabling seamless trade of goods and services across member states even as it would fund 'start-ups' , said its Cstart-ups',iwal.

Established in 2010 by heads of eight SAARC member states, the Thimpu-based SDF has so far completed financial closure of USD 73.75 million of which USD 47 million have already been disbursed.

"A proposal to develop a cross border e-commerce platform along with a SAARC money card for the common people across the region is under finalisation," he said.

SDF recently organised a two-day SAARC Development Fund Partnership Conclave.

Motiwal said that the initiatives like e-commerce platform along with funding the 'start-ups' found an instant support among international funding organisations.

"The Start-Up programme would include entrepreneurs well in areas like renewable energy, agriculture,health and micro-enterprises, especially in MSME segments," he said.

According to the SDF, currently, only 4 per cent of the total trade of the eight SAARC member nations is taking place within the region.

This can be increased significantly by initiatives like e-commerce, a booming business across the world. Stakeholders can work on building common facilities for logistic, warehousing and transportation, the SDF said.

With an authorised capital of USD 1.5 billion and a total capital base of USD 500 million, Motiwal said the SDF is working to enhance its credit portfolio to USD 300 million in the next few years by financing a range of projects including renewable sources, transportation, telecom and environment in the SAARC region.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

China: A savior for emerging markets or a poison pill?

... ...

Future of Urban Planning: Artificial Intelligence guiding the way

Advances in emerging technologies like Artificial Intelligence and Machine Learning can help us understand our cities better and derive useful insights from real-time data collected through automated models....

Videos

Latest News

Did not expect to debut for India in Australia, says Natarajan after creating history

Indias latest pace bowling find, T Natarajan, on Sunday said he was not sure of debuting in even one format, let alone all three and make history during the teams tour of Australia.When he was picked for the fourth and final Test against Au...

Scottish leader says PM Johnson fears democracy over independence issue

Scotlands First Minister Nicola Sturgeon accused British Prime Minister Boris Johnson on Sunday of fearing democracy when it comes to letting the Scottish people express their will on independence from the United Kingdom. Scotland voted aga...

Cricket-Root the rock as England frustrate Sri Lanka in second test

Joe Root became the first England batsman to score over 150 in consecutive tests in 16 years as he tormented Sri Lanka and led his side to 339 for nine in their first innings at the close of play on day three of the second and final test in...

PM Modi, BJP committed to fulfil promises made when Bodo Accord was inked: Shah

Union Home Minister Amit Shahon Sunday asserted that the Bodoland Territorial Region AccordBTR, inked a year ago, has initiated the process of endinginsurgency in the northeast.Attacking the Congress, Shah said that the grand oldparty had s...

Give Feedback