Dear Sir, I am thinking of starting an Amazon type app for industrial goods, which I think will be a platform for Indian industrial goods manufacturer. Do you suggest this is a good idea?

Ans: Thank you for reaching out and sharing your idea of starting an Amazon-like app for industrial goods, specifically targeting Indian industrial goods manufacturers. I appreciate your entrepreneurial spirit and innovative thinking.
Considering the current market dynamics and the growing importance of digital platforms, I believe your idea has great potential. Here are a few reasons why I think it could be a good idea:
Expanding E-commerce Market: The e-commerce market in India has been experiencing tremendous growth, and there is a significant opportunity to tap into the industrial goods segment. By creating a dedicated platform for Indian industrial goods manufacturers, you can cater to the specific needs of this market and provide them with a convenient and efficient way to showcase and sell their products.
Streamlining Supply Chain: The industrial goods sector often involves complex supply chains. Your app can act as a centralized platform, connecting manufacturers, suppliers, and buyers, thereby simplifying the procurement process and reducing inefficiencies in the supply chain. This can lead to cost savings and improved productivity for both manufacturers and buyers.
Promoting Made in India: Your platform can play a crucial role in promoting and supporting Indian industrial goods manufacturers. By providing them with a dedicated marketplace, you can help showcase their products to a wider audience, both domestically and internationally. This will contribute to the government's "Make in India" initiative and help strengthen the Indian manufacturing sector.
Enhanced Transparency and Trust: E-commerce platforms thrive on transparency and trust. By ensuring a secure and reliable platform, with verified manufacturers and robust product listings, you can build trust among buyers, who can confidently purchase industrial goods through your app. Implementing buyer protection mechanisms and transparent reviews/ratings can further enhance customer satisfaction and trust.
However, it is important to conduct thorough market research and develop a robust business plan before proceeding with your idea. Evaluate factors such as competition, target market size, revenue streams, and the required technological infrastructure. It would also be beneficial to engage with industry experts, manufacturers, and potential customers to gain insights and validate your concept.
I encourage you to explore this idea further and leverage the opportunities presented by the digital landscape. With careful planning, strategic execution, and a focus on delivering value to your customers, your app has the potential to make a significant impact in the industrial goods market.
Best of luck with your entrepreneurial journey, and should you have any further questions or require any guidance, feel free to reach out.