The Bureau of Indian Standards (BIS) will collaborate with ecommerce stakeholders to develop standards for self-regulation in the space, according to Parul Gupta, deputy director of the standards body.
Standardisation would allow parties to transact any qualified commodities and services at any location and time,” Gupta said at the sixth edition of the Internet Commerce Summit in Bengaluru. According to a top BIS official, recently released ecommerce norms were developed to monitor manufacturers’ solicited and unsolicited opinions about their own products. India’s ecommerce market is expected to reach $400 billion by 2025.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
