3 Laws of E – Commerce
================
DNA ( 27 Oct ) carries following news
report :
“ Govt readying policy to help e-commerce firms go global “
Aiming to expand Indian e-commerce
sector globally, the Ministry of Electronics and IT has initiated preparation
of a policy framework which will fuel the growth of the e-commerce economy.
This is part of ministry's target to
build a $1 trillion digital economy by
2022.
Electronics and IT minister Ravi Shankar
Prasad recently took a meeting on the roadmap for the growth of digital economy and the next phase of Digital India.
In a presentation that was focused on digital economy, the ministry said a policy
framework is underway for expanding e-commerce
economy within India and globally including Saarc (South Asian
Association for Regional Cooperation), South-East and West Asia, Africa and
Brics (Brazil, India, Russia, China and South Africa), according to a senior
official from the ministry.
" The aim is to capture foreign markets by Indian players and
vice-versa," the official said.
According to the available estimates,
the e-commerce economy in India stands
at around $30 billion and the government expects it to grow to $150 billion by 2024-25. The digital economy is also expected to
create jobs for 30 million people by
2024-25.
The focus is also on developing India as
a global hub for 'fintech'.
As part of the growth in the digital
economy, four new centre of excellence
(CoE) will be launched in Ahmedabad in Gujarat, Gurgaon (Haryana),
Visakhapatnam (Andhra Pradesh) and Aurangabad (Maharashtra) by March 2018. One
such CoE is already operational in Bengaluru. All these initiatives are part of
a new Internet of Things policy
which is expected to be ready and operational by March next year.
The ministry is in the process of
launching next phase of Digital India 2.0,
which will be launched soon as it moves ahead to a target of $1 trillion digital economy by 2022.
'Digital India 2.0' will usher in a new India, which will
increase the digital economy by 3.5
times from Rs 20 lakh crore at present
to Rs 70 lakh crore by 2022. This will
include digital payments industry worth Rs 35 lakh crore, software products and
services industry at Rs 21 lakh crore, electronics industry at Rs 7 lakh crore
and telecom at Rs 7 lakh crore, according to a presentation by the electronics and
IT ministry.
Over the last two years, Digital India has made significant progress
and it's time to move to the next phase. The pillars of Digital India -- broadband, e-governance, Make in India,
e-Kranti, information
for all, public internet program and others have to be strengthened and scaled up
further as the government aims to make India fully-digitally literate. Digital India 2.0 will make way for new
technologies for better and faster implementation. It will also outline the way
ahead for New India, according to the ministry.
And only yesterday ( 04 Dec ) , Economy Times carried a news report titled :
“ India Opposes E-comm Talks at WTO, Submits Document “
The country has for the first time
submitted a formal document opposing any
negotiations on e-commerce at WTO
The country has said that it would ‘
continue the work under the Work Programme on electronic commerce….based on the
existing mandate and guidelines , referring to the programme on e-commerce adopted by WTO countries in 1998 “
E-commerce entered the WTO in 1998, when
member countries agreed not to
impose customs duties on electronic transmissions, and the moratorium has been extended periodically
====================================================
It would be a pity – and a lost
opportunity to take e-commerce to $ 150 billion
by 2024-25 – if our DOCUMENT ( submitted
to WTO ) , failed to incorporate :
Sent to the Cabinet Ministers on 12 AUG 2016
05 Dec 2017
www.hemenparekh.in
/ blogs
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