SAARC Development Fund to Tap E-Commerce to Boost Intraregional Trade

10 July 2018

The South Asian Association for Regional Cooperation (SAARC) Development Fund (SDF) is supporting establishment of an e-commerce platform that will enable seamless trade of services across member states online. Mr. Sunil Motiwal, Chief Executive Officer, SDF, reported that this e-commerce system is under finalization. A SAARC money card will also be launched alongside its implementation.

A two-day SDF Partnership Conclave discussed this planned e-commerce system with participants from the region and international funding organizations. SDF, emphasizing how e-commerce can help energize the region's trade, called on stakeholders to work on developing common facilities for logistics, warehousing, and transportation.

SDF is also launching an initiative to help promote start-ups. It will support entrepreneurs in areas such as renewable energy, agriculture, health, and micro-enterprises.

The SDF has an authorized capital of $1.5 billion and a total capital base of $500 million. It is aiming to increase its credit portfolio to $300 million in the coming years by investing in projects, including renewable resources, transportation, telecommunications, and environment.

 

Related Link:

The Government of India has tasked the Asian Development Bank (ADB) to undertake a study on coastal shipping....

Read More


An elevated toll highway to be built between the New Kelani Bridge and Galle Face in central Colombo...

Read More


Mr. Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation, Government of India, and Mr. Tofail Ahmed,...

Read More


Bangladesh Prime Minister Sheikh Hasina and India Prime Minister Narendra Modi, in a video conference, jointly inaugurated the...

Read More


A team of technical experts from Nepal, headed by Mr. Madhav Belbase, Secretary, Nepal Water and Energy Consumption,...

Read More


The Bangladesh Cabinet approved the proposal to allow India access to its Chittagong and Mongla ports to transport...

Read More


The bus service connecting Bihar, India, to Nepal, was flagged off on 11 September 2018 by Mr. Nitish...

Read More