Other suggestions made by the industry leaders include setting up of the Invest Karnataka entity
CAIT alleges Amazon, Flipkart & Snapdeal were violating foreign investment norms
Retailer bodies to demand govt action against I-Day sales offers, threaten legal action for breach of FDI rules
Interview with Managing director, Surpluss.in
Sector can fill half the shortfall of 24 mn jobs over next decade
Many e-comm players are turning to ads to generate extra revenue to offset the losses from discounting products
No financial details of the deal were disclosed
The pressure on the bottom line is compelling e-commerce companies to revisit procurement to make it easier, faster and more efficient
Adds that the growth would come mainly on the back of the e-commerce boom
E-commerce firm in India have to deal with a tax framework involving VAT, CST, excise, and service tax
Real estate usage by e-comm firms down to 0.9 mn sqft in H1 2016 from 4.2 mn a year ago
Some believe discounting is a flawed business model and would not help these companies and their balance sheets
This is contrary to what they have been telling investors who have been pressurising them to turn profitable
Imports from China to India are expected to cross $80 bn by 2018
E-commerce companies have to guide and manage suppliers at every step to ensure that quality products reach consumers and they keep coming back for more
Flipkart had said that the changes it has made to its seller policy will make it easier for sellers to keep track of inventories
A high level of familiarity along with in-depth knowledge of an e-commerce website is the most important factor that drives brand equity
As users flock to e-commerce portals, players such as Flipkart and Snapdeal are charging sellers for displaying ads, emerging as competitors to Google and Facebook
Flipkart, Amazon & Paytm all raise commissions from sellers; also trying to match each other on product returns
According to the Ind-Ra report, competitive pressure from new players in the business may reduce as a result of slowdown in PE funding