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The I-Day speech may give thrust to the market! |
18 Aug 14 08:51 AM |
PM’s speech on I-day created flutters as he has informed to scrap away the Planning Commission. Besides he has issued an open invitation to global companies to come and "Make in India" whether it was plastics or automobiles or agricultural goods or satellites How does it help in creating wealth? With the new advent of ecommerce the growth of the business is crystal clear. Though online shopping is still in its infancy in India at $2.3 billion of an overall $421 billion retail market in 2013, according to CRISIL, it has the potential of reaching a mostly untapped market of 1.2 billion people. This has sparked a new battle in the funding game. Flipkart, last month announced that it had raised $1 billion after building its registered users to 22 million. A day later, Amazon raised the stakes with founder Jeff Bezos saying the company would pour $2 billion into developing its India business. Snapdeal.com, whose investors include eBay Inc, has raised at least $234 million in the past year, and media recently reported that Ratan Tata is considering a personal investment in the company.
With this in mind we will have to check how we can invest In the current scenario as we may have plenty of opportunities in the emerging space. Let us check how to benefit from this e commerce war and as an investor we can always benefit from the new opportunitywe would cover about it in our face to face meeting which is scheduled on the 31st of August 2014, Sunday. Shortly we will inform how you can participate in the face to face meeting. |
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