Specials

E-commerce gives thumbs up to Budget 2014

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/event-coverage/2014/07/11/onlineshopping.jpg?itok=Cymujs3q

MUMBAI: The e-commerce sector is a happy lot. Finance Minister Arun Jaitley in his maiden budget announced that manufacturing units will be allowed to sell their products through retail including e-commerce platforms without any additional approval.

This paves path for the foreign direct investment (FDI) in the manufacturing sector.

Foreign consumer brands with manufacturing units in the country have been piggybacking on the online retailers’ potential growth which is currently estimated to be at $3.2 billion.

PwC India technology leader Sandeep Ladda says, "Liberalisation of FDI in e-commerce sector will provide much-needed certainty to foreign players and to a sector that has the promise to provide increased commerce and generate employment in the country. This will also provide boost to the sector and create healthy competition so as to benefit all the constituents in the ecosystem - consumers, government, e-commerce players, and retailers in general."

While the Department of Industrial Policy & Promotion (DIPP) is keen on opening e-commerce to FDI, as was made abundantly clear in the meeting with industry stakeholders, they were also clear that they needed to understand how FDI would help boost manufacturing.

American Swan CEO and director Anurag Rajpal says, “A more robust online retail sector will spur manufacturing and help an economic revival. India currently does not allow global online retailers from selling goods directly to customers but allows them to own 100 per cent of a marketplace business, where third-party suppliers can use their platform. Both Amazon and eBay use such a platform to operate in the country.”

Amazon India, which recently launched its first TVC in the country during IPL 7 and promises delivery on the same day, feels that FM’s announcement is a positive statement of intent for the e-commerce industry. “It recognises the role of e-commerce companies in the growth of manufacturing sector. Following this statement, we are hopeful of a more positive and liberalised policy on e-commerce in the near future aimed to help grow the manufacturing industry,” says a spokesperson from the e-retailer.

One of the biggest players of this space in the country, Flipkart co-founder and CEO Sachin Bansal thinks this is a forward looking budget and hopes to see results over time. “The focus on giving a fillip to infrastructure and skill development is very encouraging. The fact that we could see a GST roll out by the end of the year is very positive and will augur well for all sectors. The attention to facilitating entrepreneurship and the allocation towards the National Rural Internet and Technology Mission is an extremely positive move, as collectively they provide the opportunity for both individuals as well as businesses to go digital,” he opines.

Brands feel that the move will give a push to the manufacturing sector, and will also encourage foreign companies to set up manufacturing facilities in India.

Currently, India allows wholly-owned overseas subsidiaries in single-brand retailers that sell products under a single label through physical stores such as Zara, Panasonic or Marks & Spencer. However, the catch is that they have to get clearance from Foreign Investment Promotion Board (FIPB) and produce 30 per cent of their products within the country.

Moreover, other announcements in the budget too signal a positive way for the online sector. More internet penetration and connection in the rural areas, increase in logistics because of increase in railway freight and decrease in excise duties on shoes, apparel etc bring in good news for the portals.

Jabong’s co-founder & MD Praveen Sinha feels that though it is still unclear that how increase in service tax on online advertising will impact the sector, one will have to wait and watch how these announcements will be implemented. 

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/24/Ajit%20Mohan%20and%20Anil%20wanwari.jpg?itok=heQoHePx
Competing with Google & FB on free side and with Netflix and Amazon on subscription -- Hotstar CEO Ajit Mohan

One of the early movers in the Indian over the top (OTT) space, Hotstar – - part of the Twenty First Century Fox-owned Star India – has been setting a scorching pace for itself. In a nation where high data costs made customers wary of consuming content when on the move, it displayed a voracious...

Specials Event Coverage VidNet
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/22/Sameer_Nair-vidnet17.jpg?itok=D0sNjXrP
ALTBalaji is essentially everything that Balaji on TV is not: Sameer Nair

MUMBAI: It was in the year 1994 that Sameer Nair was hired as a director-producer in the television industry. Shortly later, he became Star Movies' executive producer.

Specials Event Coverage VidNet
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/14/arnab.jpg?itok=H4wNrBGe
Republic to debut VR content from August for viewers

English news channel Republic TV will introduce its first set of 10-series VR (virtual reality) news stories for viewers on its digital platform Republic World next month in a move that could probably be a first for an Indian news channel.

Specials Event Coverage VidNet
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/14/vidnet_2017_800X800.jpg?itok=Q7p3Y11-
Cable TV, DTH and OTT distribution

MUMBAI: Having an OTT service is not enough; you’ve got to get it out on every outlet possible, is something we all know. But are traditional TV distributors like DTH and cable TV open to giving them carriage? That was the topic of discussion on one of the panels at Indiantelevision.com’s second...

Specials Event Coverage VidNet
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/13/Vidnet-Story.jpg?itok=0kascM1t
VIDNET 2017: MINING THE BURGEONING OTT/VOD SECTOR

Leaders of India’s OTT, live streaming and video on demand ecosystem will be congregating at the Hotel Westin in Mumbai’s Goregaon suburb to participate in the second edition of indiantelevision.com’s industry confab VIDNET 2017- Content on the Go.

Specials Event Coverage VidNet
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/28/Ian-Barrett.jpg?itok=Pg3M8m2R
Telly awards: Mediaboss, Discovery, Disney, Fox & Viacom among winners

MUMBAI: The Telly Awards has named Mediaboss as a winner in seven categories in the 38th Annual Telly Awards. Two pieces received the highest honor, a Silver Telly. Mediaboss is an award-winning full-service production and post company creating content for distribution across all media platforms.

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/17/FICCI.jpg?itok=4EpczuIP
Furthering 'Brand India': Film & entertainment buyer-seller meet at Festival de Cannes

NEW DELHI: A buyer-seller meet is being held during the Festival de Cannes 2017 to provide a platform for the Indian media & entertainment industry to showcase its product and services, strength and capabilities and further the image of “Brand India.” The meet is being organised by the...

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/Narendra-Modi_0.jpg?itok=GWmAvScw
Test Promo Feature page

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam et purus in magna fringilla eleifend id efficitur lorem. Curabitur sit amet dui lobortis, facilisis ligula consectetur, malesuada ipsum. Nulla cursus fermentum ipsum, vel viverra libero mollis sollicitudin. Mauris non aliquet metus, a...

Specials Promonet feature
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/20/Elisabetta-Romano_0.jpg?itok=iXTtEynO
Ericsson launching virtualised MediaFirst video processing

MUMBAI: Ericsson has created the foundation for all IP and cloud native delivery models with the launch of Ericsson MediaFirst Management Controller and Ericsson MediaFirst Encoding Live 8.1.

Specials Event Coverage Occasions

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories