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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