Collaborative Government intervention stressed to restore consumers’ confidence, sustain growth of Bangladesh e-commerce sector: Reports

The E-Commerce Association of Bangladesh or e-CAB has stressed the Government needs to formulate a constructive framework in collaboration with the stakeholders of the sector to restore the confidence of the consumers while also sustain the desired growth even as it underlined the need to highlight that more success stories need to retain the trust of the stakeholders, merchants and consumers.

“…with the much-needed intervention of the Government to regulate the sector, we have been unable to return to our initial trajectory of continuous growth…,” stated Vice-President of e-CAB Sahab Uddin Shipon even as the e-cab maintained risky business practices by some rogue e-commerce platforms have not just put consumers and merchants at risk, the entire sector now faces a risk of losing out on potential foreign investors also while adding that the sector grew faster than any other segment of the information technology and communication (ICT) division, specifically following the advent of the COVID-19 pandemic.

It may be mentioned here the e-commerce sector of Bangladesh is in news these days following reports of alleged malpractices by some e-commerce players.