Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.

There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Tuesday, 29 March 2016

One Day , Everything will Sell Online !



Today's ( 30 March 2016 ) Hindustan Times carries following news report :
Department of Industrial Policy and Promotion ( DIPP ) issued following notification yesterday :

*  100 % FDI under automatic route is permitted in market place model of e-commerce

*  FDI was not permitted in the " inventory based " model of e-commerce, implying companies that get FDI cannot buy and store goods from various vendors to eventually sell to consumers

*   FDI will be permitted only if the products from a single vendor or a group of companies do not exceed the quarter of the online retail " market place's " total sales

I suppose , this notification is just the beginning of unshackling of the E Commerce, whose contours I outlined in my E mail (16 Nov 2015 ) to Union Cabinet Ministers / DIPP , as follows :

-------------------------------------------------------------------------------------


E - Commerce   is    Easy  Commerce  !


Hindustan Times (16 Nov 2015) quotes Commerce Minister Nirmala Sitharaman as follows :

"  The Government is working on the definition of E Commerce to clear the air over issues such as taxation and Foreign Investment

We have got the inputs from States . We are in the process of putting it all together  "


Not an easy task to define what is E Commerce ( and what is not ), considering all the possible permutations / combinations ( running into LAKHS of them ! ) , of the following elements :

#    NATURE

      *  A physical " Product " ( Capital Goods / FMCG / Consumables / Perishables )

      *  A virtual " Service "    ( Medical advice / Legal advice / Consultancy / Software etc )


#    GEOGRAPHIC   SPREAD

     *   Across National boundaries    ( International Trade )

     *   Across State boundaries        ( within India )

     *   Across Municipal boundaries   (within a State )


#    SUPPLY- CHAIN   /  INTERMEDIARIES

     *   Mfr  >  Distributor  >  Dealer  >  Retailer  >  Buyer

     *   Mfr  >  Buyer

     *   Any disintermediation in the above chain


#     ORDER  PLACEMENT  /  ACCEPTANCE

     *   In a physical location ( Shop / Store / Office / Factory / Home )

     *   In a virtual location   (Web site/Mobile App/SMS/ Email / Phone / Video Conference  )


#     DELIVERY

     *   Physically in a Shop / Store etc where Buyer collects / picks-up from shelf

     *   Delivered to Buyer's location, thru Delivery Boy

     *   Delivered to Buyer's location, using a Drone

     *   Delivered to Buyer on his home-based 3D Printing Machine  ( using internet )


#    PAYMENT

     *   Cash against delivery

     *   Pre-paid / Post-paid Cheque

     *   Credit / Debit Cards across counter

     *   Credit / Debit Cards thru online Payment Gateways

     *   Through Mobile Wallets

     *   Electronic Bank Transfer

     *   Using Virtual Currency like Bit-Coins

     *   Barter of Goods or Services


#    FOREIGN   INVESTMENTS


    *   FDI in Manufacturing / Supply Chain / Payment Gateways - Apps-  Mobile Wallets
 
    *   FDI in Web sites like Amazon - Flipkart - Alibaba - Snapdeal etc ( What percentage ? )



Can you think of any other " Elements " that I have forgotten  ?


In any case , given the fact that there can be lakhs ( if not millions ) of permutations / combinations of the above-mentioned elements , one must not attempt to define what is E Commerce ( and what is not ) , by inclusion or exclusion of these elements in definition


Such a complex definition would lead to thousands of court cases involving Governments and each court interpreting the definition , differently  !


The only definition that would satisfy  ALL  of these permutations / combinations , is :

Any exchange of " Value " between any number of parties , involving ,

>  Goods or Services , on the part of one party

with,

>  Money or its equivalent consideration , on the part of a second party

with or without using,

>  Intermediary services , on the parts  of any other parties

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www.hemenparekh.in / blogs

30  March  2016

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(  Just multiple copy all the following Email IDs into the Recipient column of your Outlook and Copy / paste this suggestion in the Message Box ) :


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