ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • What should investors do with Bajaj Auto Buyback? Anil Singhvi suggests this
  • JP Morgan bullish on global markets in H2; rejects possibility of recession, sees inflation receding in second half
  • Dalal Street Corner: Easing commodity prices, buying interest in IT, Metal help market extend gains; what should investors do on
  • PM Modi meets Joe Biden, Emmanuel Macron and Justin Trudeau at G7 Summit
  • Mahindra Scorpio-N 2022: Finally, New Scorpio is here - Price, Booking Open Date, Delivery Date, Variants, Features and more
Read in App
Business News » India News

Reliance's foray into e-commerce will reduce digital colonisation: Mohandas Pai

Reliance seems to be creating next generation retail network which has the potential to radically change the dynamics of retail in a  fast growing  economy, Pai said, adding that "it would dramatically lower costs, reduce inefficiencies in  supply  chain, reduce waste and deliver better. This will immensely benefit consumers."

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Reliance's foray into e-commerce will reduce digital colonisation: Mohandas Pai
Reliance is truly a formidable competitor as it has capital, technology, networks, physical retail presence, a long term vision and the passion to win, he said. Reuters

Investment guru and former Infosys CFO T V Mohandas Pai Saturday said the foray of Mukesh Ambani's Reliance into India's e-commerce space would allay fears of digital colonisation and dramatically lower costs, immensely benefiting the consumers."One thing is certain that consumers and India will be a winner, and in online retail, the fear of becoming a digital colony will recede with the entry of a formidable Indian entity, Reliance," he told PTI in an interview here.

Reliance seems to be creating next generation retail network which has the potential to radically change the dynamics of retail in a fast growing economy, Pai said, adding that "it would dramatically lower costs, reduce inefficiencies in supply chain, reduce waste and deliver better. This will immensely benefit consumers."

Pai's comments come in the wake of Ambani's plans to create an online-to-offline platform at the Vibrant Gujarat Summit and urging Prime Minister Narendra Modi to take steps to end increasing "data colonisation" by global corporations.

Ambani, who is Chariman of Reliance Industries, drew parallels between Mahatma Gandhi's movement against political colonisation and call for a revolution against data colonisation and pressed for control and ownership of India's data by its own people, not by corporates.

Reliance is truly a formidable competitor as it has capital, technology, networks, physical retail presence, a long term vision and the passion to win, he said.

Reliance's next generation retail network is powered by a robust fiber network with an efficient supply-chain giving consumers an online offline experience of their choice.

Pai noted that exciting times were ahead with the entry of Reliance into the e-commerce space as the existing online players have grown on customer discounts blowing up nearly Rs 50,000 crore in capital through discounts and infrastructure.

"Jio has created a national network of mom and pop stores and other retail along with their own network on a broadband fiber network.

With their existing retail network they will be a formidable competitor to the Big online retail players.

For retail to succeed, the supply chain and distribution are critical," he said.

Watch This Zee Business Video

The online retailers create the distribution capability through their tech portals which has a global reach but the back end supply chain remains the same as goods need to be delivered, the former Infosys CFO said.

"The business is now moving to an online offline model as consumers still love the physical shopping experience in many categories," he added.

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Infosys
Written By: PTI
Updated: Sat, Jan 19, 2019
11:28 am
Bengaluru, PTI
RELATED NEWS
Infosys gives capital return of over Rs 24,100 cr in FY22: Co-founder and chairman Nandan Nilekani at 41st Annual General Meeting Infosys gives capital return of over Rs 24,100 cr in FY22: Co-founder and chairman Nandan Nilekani at 41st Annual General Meeting
Accenture q3 results: What does it mean for Indian IT sector;  TCS, Infosys among 4 stocks in focus post earnings Accenture q3 results: What does it mean for Indian IT sector; TCS, Infosys among 4 stocks in focus post earnings
Market Capitalisation of top-10 most valued companies erode over Rs 2.29 lakh crore last week – LIC, TCS, Infosys take biggest hit Market Capitalisation of top-10 most valued companies erode over Rs 2.29 lakh crore last week – LIC, TCS, Infosys take biggest hit
Market capitalization of 4 out of top-10 listed companies surge Rs 2.31 lakh cr; IT heavyweights TCS, Infosys among lead gainers Market capitalization of 4 out of top-10 listed companies surge Rs 2.31 lakh cr; IT heavyweights TCS, Infosys among lead gainers
Global inflation, lower revenue guidance & other factors force IDBI Capital to trim revenue, margins estimate of IT sector Global inflation, lower revenue guidance & other factors force IDBI Capital to trim revenue, margins estimate of IT sector

LATEST NEWS

Cipla to invest Rs 26 crore in GoApptiv to raise stake to 22%

Finance Ministry permits state-owned NBFCs to issue letter of comfort

Asia stocks edge down after Wall Street falls; oil rises

Mahindra set to launch Mahindra Scorpio-N SUV in India today: 7 things you need to know before the launch

Stocks to buy today: Oil India, Sterling Tools, Oberoi Realty and ONGC among list of 20 stocks for profitable trade on June 28

What should investors do with Bajaj Auto Buyback? Anil Singhvi suggests this

Security deposit on commercial LPG connection goes up by Rs 1050 for 19-kg cylinder; check new rates

AAI Recruitment 2022: Apply for 400 Junior Executive vacancies at Airports Authority of India; check last date, how to apply online and more

Mahindra Scorpio-N 2022: Finally, New Scorpio is here - Price, Booking Open Date, Delivery Date, Variants, Features and more

JP Morgan bullish on global markets in H2; rejects possibility of recession, sees inflation receding in second half

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV