I will repeat what I have said many times earlier
As long as our imagination remains confined to “ SHIP “ as a mode of traversing huge “ DISTANCES “ , we will never manage to go very far into
the intergalactic “ SPACE “
Concept of a “ SHIP “ is good enough for sailing on “ OCEANS “ girdling our earth but totally inadequate
for SPACE
We will conquer the SPACE only when we stop thinking in
terms of a SHIP and start thinking in the terms of 4th dimension ,
called TIME
Why this long prologue ?
For over 2 years , a Committee of Govt Secretaries has
been trying to come up with a definition of :
E COMMERCE
Here is today’s news :
Extract :
The
policy is expected to set a new definition for ecommerce that will pin greater liability and
responsibility on online retailers………….
A
group of nine secretaries led by commerce secretary Rita Teaotia will meet on Friday to discuss
data localisation, FDI in inventory-based online retail, consumer protection and emerging technologies
as India seeks to finalise an ecommerce policy by year-end.
It
suggested this for business-to consumer ecommerce models ,
*
with Indian entrepreneurship and control,
*
with stipulations such as less than 51% stake for a single foreign entity as the
ultimate beneficiary owner (UBO),
*
100% selling of
*
made-in-India goods, and the
*
founder/promoter to be a resident of India.
“ This would require defining
made-in-India products and their accreditation by a competent authority,” the
subgroup submitted.
What a short-sightedness !
If you want to know why this “ Definition
“ of E Commerce is bound to fail , read :
E
- Commerce is Easy Commerce ! [ 15 Nov 2015
]
One
Day , Everything will Sell Online ! [ 29 March 2016 ]
Missing
the Woods for the Tree ? [ 12 Aug 2016
]
3
Laws of E – Commerce [ 04 Dec 2017
]
ECommerce
: Broad Policy / Elements [ 14 Mar 2018
]
And , as far as defining what is “
Made in India “ is concerned , I believe , government goes by “ Percentage of
Value Addition “ locally
But , this is a very difficult
and time-consuming exercise
Even when possible, its result holds
good for a very short period in a dynamic situation
A manufactured “ local product “ could
have hundreds of components ( both, local and imported )
And those “ local components “
could have “ imported “ raw materials or intermediates
These days , a product could be,
*
patented in one country ( concept )
*
designed in another country
*
developed ( detail manufacturing
drawings ) in another country
*
components made all
over the World
*
Sub-Assemblies ( of those
components ) carried out in another country
*
Final Assembly done in another country
*
Packaging done in
another country
*
Offered for sale on ONLINE e-commerce portals in another country
*
Marketed by agencies
located all over the World
*
Delivered using manpower / drones / supply chains of several countries
*
Financed by funds from all over the world
At which “ Level “ of Value Addition , does a product become “
local “ ?
And if I download a " Product Drawings / Design " over the internet and then " 3D Print " it in my garage ( using " imported " resins ) , then is that a " local " product ?
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