IMSNOIDA participited in 4th NATIONAL CONCLAVE e-COMMERCE INDIA
The ASSOCHAM National Council has organized the 4th NATIONAL CONCLAVE e-COMMERCE INDIA on Friday, 10th April, 2015 at Hotel Imperial, Janpath, New Delhi from 09:30 am.
The Objective of this Conclave was to understand the future scope and growth opportunities in this industry and deliberate upon the current issues and challenges.Proposed Hall was packed to Capacity. Various delegates & from various Business house were present.
The Inaugural Session commenced with lighting of traditional lamp by Guest before Goddess Saraswati by Shri D. S. Rawat, Secretary General, ASSOCHAM.And the guest present was welcome by Mr. Bikky Khosla, Chairman, ASSOCHAM National Council on E-commerce & CEO Trade India. He addressed on the growing importance of ecommerce in India and how can a Business be benefitted from the same. He state that The Indian e-commerce industry is likely
to grow at a compounded annual growth rate (CAGR) of 35 per cent and is poised to cross the $100-billion mark in value over the next five years. The Indian ecommerce industry is valued at around $17 billion in 2014. With improvement in infrastructure such as logistics, broadband and internet-ready devices, there is likely to be a significant increase in the number of consumers making purchases online. It is estimated that around 65 million consumers in India to buy online in 2015, as against around 40 million in 2014 as many consumers will prefer the web to bricks-and-mortar retailers in large part because of better online offers. The Industry also estimates that between 2017 and 2020, the e-commerce industry could spend around 2-6 per cent of the revenue on warehousing and serration centers, which would translate to around $450-900 million. The Industry is also expected to spend an additional $500-1,000 million in the same period on logistics functions, leading to a cumulative spend of $950-1,900 million till 2017-2020. On the employment front, it is estimated that e-commerce industry is expected to employ an additional 100,000 people in warehousing and 1 logistics, over the around 25,000 persons working in the segment currently He threw light on the various business which can be benefitted from Ecommerce and to list the few were as follows: The total Schedule was covered under the four heads as follows :
Inaugural session
In this session were eminent speakers from high esteemed business houses and Corporate and other esteemed organizations like – Shri Hemant Joshi, Partner, Deloitte India’s TMT leader. Shri Khalid Isar, Country General Manager, Alibaba.com, India; Shri Latif Nathani, VP & Managing Director, eBay India; Shri George N. Sibley, Counselor, Economic Affairs, Shri Madhav Lal, IAS, Secretary, Ministry of Micro Small & Medium Enterprises, Government of India.A knowledge report was also released in this session, and the focus was on how commerce simplifies the livelihood and when it comes “E” it becomes along Technology, and today many more options are available to simplify our livelihood with the growing technology.Shri Hemant Joshi, Partner, Deloitte India’s TMT leader: Spoke that Ecommerce is uncovering innovation and there is a big mega trend as there is nothing but an opportunity. There are many models which are evolving to win customers mind and place .Logistics and Supply chain a big issue and 60-70% of payments in ecommerce industry is through COD that is Cash on Delivery.
Group President Yes Bank: - Aditya Sahani:- We are living in a fast forward world and we are
distinctive world of challenges if we look back 2yrs back we are completely changed in our consumption pattern, shopping etc and this all is because of growing technology. The consumption of the Smartphone’s has just doubled in these 2yrs span of time.Shri Khalid Isar, Country General Manager, Alibaba.com, India:- He state that 12 yrs back Alibaba was just a pioneer and still today. At that point of time people do not understand what does it mean but now n today every second consumer knows, because of the growing ecommerce market. Earlier there
were only a handful of companies and the biggest challenge was to adopt a few companies that could come out of their conservative thoughts of business and join for Alibaba.com in success. Internet an ecommerce will change the scenario and will be a great success also in India.
Plenary Session: Legal, Regulatory & Policy Framework Shri R. K. Goyal, IAS, Joint Secretary, Department of Electronics and IT, Government of India; Shri Shailendra Singh, IAS, Joint Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce & Industry, Government of India; Shri Vijay Chhibber, IAS, Secretary-Ministry of Road Transport & Highways, Government of India Session Moderator: Knowledge Partner, Deloitte; Shri
Avimukt Dar, Partner, IndusLaw, Shri Devendra Patil, Senior Director, DHL Express (India) Pvt. Ltd. Shri Srivals Kumar, General Counsel, Flipkart.com; Shri Arvind Singhatiya, Vice President,
Corporate Affairs, Olacabs.com.In this session the main discussion was on the legal issues and taxation and the investments in host country by the guest country, The issues which arises out of the taxation investments safety and security laws the responsibility and the challenges faced by the corporate in capital funding investment and paying taxation and complying them with the various available sellers associated to them .Session focus on three principle segments of E-Commerce Industry as this is expected to become a principle driver for the commerce and trade.
A special discussion was on the rules laws penalties to be implied on the payment industry like Paytym and alibaba.the session state that we are in a very good time and we should be able to tie up our belts to change the payments models and rules, in order to attract the traffic of the customers as that of AMAZON .com introduces the COD in India.
E-Commerce: Contribution to India’s Growth Shri Santosh Kumar Sarangi, IAS, Joint Secretary, Ministry of Commerce and Industry, Govt. of India; Shri Harish Bijoor, Brand-Expert & CEO, Harish Bijoor Consults; Shri Milan Sheth, Partner, EY Gitanjali Jewellers Shri Peyush Bansal, CEO, Lenskart.com; Shri Sharat Dhall, COO, Yatra.com; Shri Amarjit Singh Batra, CEO, OLX.com; Ms. Radhika Ghai Aggarwal, Co-Founder & Corporate Vice President, Shopclues.com; Shri Adhil Shetty, Founder & CEO, Bank Bazaar; Shri Manu Jain, Country Head, Xiaomi.Session focus on the contribution of Technology in raising the GDP of the country. As in almost all the organizations of the commerce has experience the tremendous growth in their business, whether it’s a snap deal , shop clues or lens kart. They business has grown through the leaps and bounds .MR PEEYUSH BANSAL CEO Of LENS KART state that they spend heavily to meet the customer requirement and to give the satisfaction and convenience at their door step they spent more than 10 lakhs of Rs just for one small single machine.. There success today is all because of the customer’s convenience and satisfaction and above all is the trust and promise they made and delivered. And today it’s a company of more than 1.2 billion profits. Their success mantra is customer trust and convenience which he says is must for the Economy’s growth. He stated that Indian market covers15% and yet 85%of the market is still untapped which is a huge marked ahead On the other side Mr Bijoor stated the customer trust and convenience with BRICK and MORTAR, as essential for building is essential for Ecommerce.Session: e-Commerce: Contribution to India’s Growth Shri Vineet Pandey, CGM & Marketing Directorate, Department of Posts, Ministry of Communications and IT, Government of India; Shri T.R. Ramachandran, Group Country Manager, India and South Asia, Visa; Session Moderator: Shri Vikram Sehgal Vice President & Research Director, Forrester Research Inc. Shri A Robert Jerad Ravi, Advisor, TRAI; National Payments Corporation of India (RuPay); Shri Viresh Oberoi, Founder CEO & MD, mjunction Services limited; Shri Govind Rajan, CEO, Airtel Money; Shri T.R. Ramachandran, Group Country Manager, India and South Asia, Visa; Shri Probir Roy, Co-Founder & Promoter-Director, PayMate; Safexpress Pvt Ltd; Shri Suresh Bansal, Director, DTDC; Shri Prashant Tandon, MD & Co-founder, Healthkart.comAnd at last there was a common discussion of the speakers towards the economic growth of the country. Where in Mr.Vineet Pandey said that Ecommerce will work out only when all the consumers are benefitted out of it. With the Internet maximum people can access their banking accounts and for yes 365 days, a big change is require in our railways a there many good change need to be carried out beside irctc.com. Secondly the guidelines of the income taxation rules need to be further clarified and security need to be improved on cyberspace.Last but not the least the session ends up with Question and Answers session and the Business networking’ along with the hot sip of coffee and Tea.At the end we the faculties would like to thank the complete IMS group for giving us such a wonderful opportunity to attend the conclave. We shall be very much pleased and delighted if we are again given a chance to explore in our Areas and Domain.
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