ONDC is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of the Government of India to develop open e-commerce.
Which ministry is responsible for ONDC?
What is ONDC? About: It is an open e-commerce protocol set up by the Ministry of Commerce’s Department of Promotion of Industry and Internal Trade (DPIIT).
Is ONDC open source?
ONDC is to be based on open-sourced methodology, using open specifications and open network protocols independent of any specific platform.
Which companies invested in ONDC?
Major players such as the State Bank of India (SBI), Punjab National Bank, Axis Bank, Kotak Mahindra Bank, and HDFC Bank have invested in ONDC.
To reduce the dominance of e-commerce giants like Flipkart and Amazon, the government today rolled out its big initiative — Open Network for Digital Commerce (ONDC) — for public in Bengaluru. With the help of ONDC, government plans to help small retailers and create an alternative to dominant global giants like Amazon and Walmart, who controls over half of India’s fast-growing e-commerce market.