The Confederation of Indian Industry (CII) organised an industry interaction session on e-commerce and online business at Hotel Quorum in city on Friday.
The event was conducted with a view to help representatives from various industries across Mysuru to understand the importance, benefits and challenges faced by e-commerce companies and the necessities and problems of doing online business in India today.
CII Mysuru IT panel convenor Bhaskar Kalale who chaired the session enumerated on the potential of e-commerce in the country today and the inter connectivity of the same with physical infrastructure, logistics, data security and the government polices.
Stating that India still has a long way to go in the field of e-commerce and going largely cashless, Bhaskar said “Though e-commerce isn’t actually new to India, only 13 percent of the rural India has an access to the internet and only about less than half of Indians today hold bank accounts. This is way too poor in comparison to the developed countries and we still have a huge ground to cover, to be able to be up to the mark and compete with them. However, it is interesting that we are in a mobile driven and 4G eras now, having fairly moved ahead of the broadband connectivity period unlike before, which hints at the fact that there will be more innovations in future, especially in the Tier II and Tier III cities. Chances are also high that there will soon be e-commerce through non smart phones as well, as not many in the country are still able to afford owning smart phones today,” he felt.
Sudheer K S, associate solicitor and legal consultant, enlightened the participants on the topic of cyber crime and said that over 10 to 15 fraud cases are raised in the consumer court on a daily basis in Mysuru alone, most of which cannot even be traced.
Ashok Srinivas, vertical head, Theorems Mysore was present. About 30 representatives from various industries across the city participated in the session.