Tuesday, 5 July, 2022

Kamal says e-commerce business boomed, but riddled with scams

Finance Minister AHM Musatafa Kamal has admitted that although e-commerce business boomed during the pandemic, it was riddled with scams as well.

In his budget speech in Parliament on Thursday he, however, said the government has taken up a project titled ‘My e-commerce, My own business’ to support the growth of e-commerce in Bangladesh and to encourage new start-ups, which will create new job opportunities.

He said the objective of this project is to harness skills of new entrepreneurs and to develop small and medium enterprises in this sector in the rural areas of Bangladesh.

Kamal mentioned that the government drafted the National Digital Commerce Policy in 2018.

The government has recently introduced digital commerce business ID (DBID), which is issued by the Registrar of Joint Stock of Companies (RJSC) to e-commerce entities, to restore public confidence on e-commerce sites and also to protect consumer interests, he said.