MSMEs Call for Revisions as Digital Competition Bill Threatens Growth and Key Alliances

The Digital Competition Bill could disrupt MSME partnerships with large digital platforms, raising costs and limiting growth. Dr. Ravinder Goyal, Co-Founder of Erekrut, stresses the need for collaboration to balance innovation and regulation.
BW BusinessWorld 25-Jun-24

 

The Digital Competition Bill (DCB) has sparked concerns within the MSME sector, as industry experts worry it may limit opportunities for small businesses by disrupting their collaboration with large digital platforms. The bill, which aims to curb anti-competitive practices, could inadvertently increase costs for MSMEs and hinder access to essential tools and services provided by these platforms.

Dr. Ravinder Goyal, Co-Founder of Erekrut, suggests phased compliance requirements and continued collaboration to protect MSMEs from the bill’s potential negative impacts. The future of MSMEs under the DCB depends on how regulations are implemented, with the right balance potentially fostering a fairer, competitive landscape.

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