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Transition to E-commerce in India

Transition to E-commerce in India

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Transition to E-commerce in India

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  1. Transition to E-commerce in India

  2. Challenges to Indian corporate • Awareness,16% • Infrastructure and access • Human capacity and skills • Legal and regulatory framework • Financial institutes • Internal resistance(cultural changes, not many are prepared)

  3. External driving factors • Sheer necessity • Global market • Value for money • No-entries barriers

  4. Need of Act 2000 • For legal recognition transaction carried out by means of electronic data interchange and other means of electronic communication • For electronic filling of documents ,with govt. agencies • For delivering govt. services by means of reliable electronic records

  5. Overview of ACT-2000 • Electronic contracts will be legally valid • Legal recognition of digital signature • DS to be effected by use of asymmetric crypto system and hash function • Security procedure for ER & DS • Appointment of certifying authorities and controller of CA. • CA should get license to issue digital signature certificate

  6. Various types of computer crime defined and penalties are decided • Appointment of Adjudicating Officer • Establishment of cyber appellate Tribunal • Appeal from Adjudicating Officer to cyber appellate Tribunal not to civil court • Appeal from cyber appellate Tribunal to high court • Act to apply offences committed outside India • NSP not to be liable in certain areas • Power of police officers to enter into any public place and search and arrest without warrant

  7. IT Act enables • Legal recognition to electronic record • Facilitate electronic communication by means of electronic record • Acceptance of contract expressed by electronic mean • Facilitate e-commerce and EDI • Facilitate electronic filing of documents • Retention of documents in electronic form • Prevent computer crime, forged electronic record falsification in e-commerce and electronic transaction

  8. Positive aspects for corporate sector • E-mail will now be valid and legal form(memos) • E-commerce using legal infrastructure • Able to use DS • Entry of corporate in the business of being CA • 2001-2002,4% ,hike in online shopping • 2001-2002,13%-16%, Internet user • Cost- effective, time saving and profitable solution • Push for e-commerce adoption • Started using EDI & E-SCM

  9. Modern trends in E-business • E-business process Information sharing Order payment Fulfillment Service Support

  10. Modern trends in E-business • Need • Security • Infrastructure • Digital cash • Online catalogs • EDI • E-mail • Institution

  11. E-strategy Technology Integrated E-strategy Market Service Brand

  12. Dimensions of E-strategy Leadership Technology Service Infrastructure Market Brand Organizational

  13. The commerce value chain Attract(Adver.) Interact(Catal.sale) Act(Order capture) React(Cust. service)

  14. Planning the E-commerce project • Identifying the initiative’s objective • Linking Objective to business strategy • Managing business strategy • Continuing operation of the initiative