Technology and Internet
Reverse migration: Food-tech, Ecommerce firms bring jobs closer to home
19 Jun 2019
“The sector is now ripe to tap into the potential in non-metros, with most smaller cities reeling from undersupply of organized retail and restaurants,” said Madhur Singhal, managing director, Praxis Global Alliance, a management consulting and advisory firm that specializes in e-commerce and consumer internet. “This has created opportunities for food-tech and e-commerce companies for rapid growth and create employment opportunities of various forms in the non-metros. Zomato and Swiggy (which are present in these cities) are creating options for people to settle back in their hometowns,” Singhal added. Walmart-owned Flipkart, too, is observing this trend of reverse migration. According to the e-commerce major, there is an increased economic opportunity in tier-II and tier-III towns because of the expansion of e-commerce, as well as the growth of sellers and domestic manufacturers.
Featured Leader: Madhur Singhal
This article was originally published on Business Standard. Read more.
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