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

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday 5 July 2018

E Commerce Definition : a Space Ship ?




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 ?

 

 


06  July  2018

www.hemenparekh.in / blogs

 

 

 

 



 



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