India and E-Business :: Free Essay Writer

India and EbizIndian OVERVIEW The Indian private sector has already recognized the attractive economics of e-business. Clearly, the opportunity (and the need) for Indian businesses to get onto the e-business power curve is re all in ally quite a high. Need slight to add, that the potential exists. The size of the transactions everywhere the net at Rs10 crore by the end of 1999 approximately, a piddling size when compared to the world, which is expected to incubate $300 billion by the year 2002. Unlike in the past, where live attitudes have posed major challenges to adopting a new way of life, with the internet it has been rather a smooth sailing, thanks to the extraordinary levels of Internet sentiency in the country. As a result of this, companies have been more dissonant to taking studied chances, as is evident. Here, we are not just public lecture of companies that have static web sites but those which conduct commerce on the net like Color Plus, India Book Shop, bababaz aar, Rediff-on-the-net and Shoppers Stop, selling from books and shirts to vegetables and soaps. The lack of root was a serious impediment, but bottlenecks are soon being removed. With several(prenominal) private value-added networks (VANs) coming up and with the reach of Internet expanding, this is becoming less of a problem. In fact, collective experience indicates that firms can deploy e-commerce solutions over the current understructure and realize significant benefits from them. To be fair, this is one subject field that has received focus from the highest levels and there is feverish activity to build larger bandwidth and crucial payment gateways, which will enable online credit card authorization. Indeed, there is much at stake for, say, an automobile company or a fast-moving consumer goods company which has multiple offices with different manufacturing sites and warehouses etc across the country. Infact ,Dynamix-a software infrastructure solutions company, is in the pr ocess of helping TELCO to replicate the Ford just in time technology The recent announcement of Hindustan Lever indicates that soon all of its cosmetic line will be made available and on the net, with one center in each city performing as demonstration/guidance center. The country needs to get its legal, legislative, regulatory, infrastructure and manpower ready for ebusiness. We already see some of this readiness, and hence, India is ready to smash up in ebusiness. While the air of optimism persists, the fact remains that in India electronic Data Interchange (EDI) has not really taken off.