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

Saturday, 18 July 2020

It is about time




Over the past few years, I have argued :


Ø  “ E Commerce “ is , more or less , the same as “ Good Old Commerce “, where some elements of commercial transactions ( eg; Disply / Ordering / Payments / Sale etc ) ,have gone  “ Online “ instead of remaining “ Offline / Across the Counter “


Ø  With each passing day , more and more commercial transactions are going “Online “



Ø  One day soon, everything will get sold “ Onlne “ / delivered “ Offline “


Ø  There is even a distinct possibility that a few things may get “ Delivered Online “ ( - and, I was not talking of “ Services “ but online delivery of “ Physical Goods “ masquerading as “ software “ )


Here is how I illustrated my last point :

======================================================

 

E Commerce Definition : a Space Ship ?   …………………………………………………… 05 July 2018 ]

 

Extract :

 

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 ?
=========================================================


What else is illegal to sell online ?   …………………………………………………………………[ 13 Dec 2018 ]


Extract :

 

Time is not far when every “ product “ will sell online . Most “ services “ have already gone online
How long will it take our Law-makers to come up with an amendment to our Drug and Cosmetics Act (1940) to regulate any Indian to 3D printing of customized drugs at home  ?


Those who need convincing re this possibility, may want to read up :

Made-on-demand, complex and personalized 3D-printed drug products

 ( First 3D printed drug product was approved by FDA in August 2015. )


3D printing drugs: more precise, more personalised 

(  One day the patient may even be able to print their repeat medications at home using a personal machine  )

 

======================================================


It is heartening that Indian Authorities have finally realized the possibility of the above-mentioned scenario , as evident from following news report :





Extract :

India has proposed imposing customs duties on computer-aided design, or CAD, files, which are necessary for 3D printing, while pitching its case for countries to be able to tax electronic transmissions. Electronic transmissions are at present immune from taxation in the World Trade Organization (WTO) under a moratorium.


If the moratorium continues, India argued at the WTO, foreign firms will be able to export any software duty-free to developing countries to 3D print products that they currently manufacture


“An important policy instrument available for this purpose would be to impose customs duties on CAD files necessary for 3D printing,” India said at WTO’s General Council meeting earlier this week.


Rejecting their proposal, which is based on an OECD study of last year, India said: “We do not agree with the OECD assessment that technologies such as 3D printing are unlikely to have far-reaching implications on trade in the near term.



” IF CURRENT GROWTH OF INVESTMENTS IN 3D PRINTING CONTINUES, 50% OF THE MANUFACTURED GOODS WILL BE ‘PRINTED’ IN 2060 AND IF INVESTMENTS IN 3D PRINTING DOUBLES, THIS TARGET WILL BE ACHIEVED IN 2040, INDIA SAID, CITING STUDIES.


This will wipe out almost 40% of cross-border physical global trade,” it said.


New Delhi also said not all software would fall within the scope of the moratorium as some of them could be delivery of services through Mode 1 or cross-border supply.


It also emphasised that removal of the moratorium does not mean countries will necessarily impose customs duties across the board

=========================================================


Dear Shri Piyush Goyalji,


Please , treat and “ Regulate / Tax “ E-Commerce as Normal Commerce . It is the NEW NORM



Then again, how about looking upon this THREAT as an OPPORTUNITY ?


An American software engineer designing / coding a CAD software for 3D printing of industrial components, would cost approx. $ 120,000 / year ( $ 60 / hour )


AS against this, an Indian software engineer would earn Rs 70,000 pm ( $ 1,000 pm ) , which would work out to $ 5 / hour [ less than one tenth the USA cost ]



How about coming out with a ,


CAD Software Export Promotion Scheme

,
under which our software engineers ( existing 6 million + 1.5 million graduating each year ), are eligible for “ interest – free “ loans of Rs 5 lakh ( for desktop + Broadband Internet ) , repayable over 10 years – and during which, no liability for Personal Income Tax ( of course, he would need to register as described at ) :



A NEW ECONOMIC ORDER ? aka " Start Up Act - 2015 " ……………………….[ 12 Sept 2015 ]




With regards,


Hemen Parekh  /  hcp@RecruitGuru.com  /  19  July  2020

========================================================

Related Readings :


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  ]


Evolution : JioFibre > JioMeet / Revolution : Jio Glass……………………………..[ 18 July 2020 ]



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