Amazon To Empower SMBs in India By Exporting Products Worth $10bn
According to Prabhu Ram, Head, Industry Intelligence Group (IIG), CMR, SMBs in India account for 45 per cent of industrial output, creating employment for 60 million Indians and roughly 1.3 million jobs annually
$1 billion commitment by Amazon to empower small and medium businesses (SMBs) in India is Jeff Bezos’ attempt to change the e-commerce giant’s perception among small businesses which are in a retaliatory mode, industry experts said on Wednesday.
Bezos announced that the e-commerce major, through its global footprint, will help SMBs export products worth $10 billion by 2025. This move is seen as a measure to calm the growing unrest and protests going on under the aegis of the Confederation of All India Traders (CAIT).
“Amazon wants to make sure that the current perception of the company among the small businesses go away, else this will further call for strict scrutiny from the regulators and protests from small traders,” Satish Meena, Senior Forecast Analyst with Forrester, told IANS.
Over the next five years, Amazon will invest $1 billion to digitise micro and small businesses in cities, towns and villages across India, helping them reach more customers than ever before, announced Bezos.
According to Meena, this is in line with what Amazon is planning to do in India for the next few years.
“They need partnerships with SMBs for products to cater not only to the Indian customers, but also to customers outside the country,” he said. Amazon said it would establish ‘Digital Haats’ in 100 cities and villages to help businesses integrate into the digital economy.
According to Prabhu Ram, Head, Industry Intelligence Group (IIG), CMR, SMBs in India account for 45 per cent of industrial output, creating employment for 60 million Indians and roughly 1.3 million jobs annually. “The SMBs, however, are constrained by multiple challenges, including access to skills, talent, finance, and most importantly, digital outreach,” Ram told IANS.
“This is where SMB-centric initiatives, such as Amazon’s commitment, are a welcome initiative to digitally support SMBs, enabling them to gain knowledge, reach their target audience, achieve scale, and while doing so, be able to measure their growth metrics,” Ram said.
As the tensions rise between India and China along the borders in Ladakh, Shekhar Gupta in his article for The Print invokes an American political satirist P.J. O’Rourke.
Talking about his works Shekhar points out that in his ‘A Brief History of Man’, P.J. O’Rourke writes a small sentence “Meanwhile, in China, there were the Chinese.”. This sentence is relevant to us today.
Shekhar Gupta believes that the sentence conveys us a sense of resignation about the “inscrutable” Chinese. This thought happens to be familiar thought in the West.
“But we don’t live in the West. We’ve lived next door to China for as long as first civilisations grew.”, writes Shekhar Gupta
Let’s look at the history of Indian interactions with China since independance. What is inscrutable about it? Talking about the military assault across two fronts in 1962, it may have been a surprise to our leaders back then, but that is only because they were delusional.
From Chinese ultimatum to India to “return their stolen yaks and sheep” in 1965, to their appearance along the Ladakh frontier this year, China happens to be completely predictable and far from inscrutable. Especially keeping in mind Chinese actions in respect to India.
The push at Nathu La (Sikkim) in 1967 was probably to check out the resolve from India. Which they saw at its weakest — having fought two recent wars (1962 and 1965), famines, ship-to-mouth existence, political instability and a diminished Indira Gandhi. . The Indian response was a lesson they quickly learnt. What did the Chinese do after that? They have kept the peace for 53 years. Will you call that response evidence of Chinese inscrutability? They probed us, got a rude push-back, and decided to wait and stir the pot in different ways, at different times, says Shekhar Gupta in his artcile for The Print.
The Chinese kept the hold of what they wanted in 1962. According to Shekhar the truth is, they had it in their possession almost fully, barring small, tactically important slivers in Ladakh. They asserted their ownership and let their larger claim, Arunachal Pradesh, fully in Indian control, go militarily uncontested.
The Chinese never gave up claim on it. In 1986-87, they again checked us out at Wangdung-Sumdorong Chu (Arunachal), when they saw Rajiv Gandhi take India’s defence budget to a 4 per cent-plus of GDP. And once more, the response was firm and the Chinese backed off. The lesson we learnt according to Shekhar Gupta is that the Chinese won’t open fire randomly for the sake of it, Or when they are absolutely sure of an easy victory so they could be seen like ‘teaching an upstart a lesson’ as they did in 1962. Predictable.
Each and every action and response of China fits a pattern- Deliver a message, add leverage, and return, according to Shekhar Gupta.
India, China and Pakistan shared this unusual ‘triangulation’ in which China was using Pakistan to keep India preoccupied, said Former Indian Prime Minister Dr. Manmohan Singh during his tenure.
His idea was to break this ‘triangulation’ by seeking peace with Pakistan. He thought, that a country as big and powerful as China, would see less of an incentive for peace with India than Pakistan.
Shekhar Gupta believes that today, that option is not so available, as hostility with Pakistan is central to the Modi-BJP politics. They’d rather make peace with China than Pakistan. That is why the lavish welcomes and frequent meetings with the Chinese leaders. The objective, still, is escaping that triangle.
Another instance of Vajpayee explaining the Chinese negotiating style. “Dekhiye, aap aur hum baithe hain aur vaarta kar rahe hain (see, you and I are sitting and negotiating),” he said. If two people require something and the first person asks to let go of something, the other will say no. Then the first person again asks for something little less, then again the other person might say no. But ultimately the second person will relent and let go of some. The Chinese would never do that.
Both these leaders underlined that the Chinese are consistent, and predictable. And that is why we should not be shoched or surprised by what they have unveiled across Ladakh. We should have anticipated it on 5 August last year when we made the big changes in Jammu & Kashmir. This Chinese move, like all others in 60 years, was fully predictable. Even the timing, says Shekhar Gupta in his article for The Print.
Samsung on Friday said all of its exclusive stores have been ‘Suraksha’ certified to ensure consumer safety at a time when social distancing is the new normal.
Suraksha Store is a public private initiative to ensure safe and secure environment for consumers and store employees.
The certification will ensure that consumers feel safe and confident when they visit stores to buy smartphones and other devices.
“The initiative will ensure that consumers and employees working at these Exclusive Stores feel confident about their well-being and safety,” Mohandeep Singh, Senior Vice President, Mobile Business, Samsung India said in a statement.
According to the company, to strictly adhere to government’s social distancing guidelines, the exclusive stores are encouraging consumers to maintain a minimum distance of 1.5 metre between themselves.
Meanwhile, customers are encouraged to use digital contactless payments and swiping machines will be sanitized before being given to the customer to ensure the highest standard of hygiene is maintained across our Exclusive Stores.
Only a limited number of customers will be allowed within the store at any given point to avoid crowd formation, said Samsung India. (IANS)
Union Health Minister Harsh Vardhan on Thursday said almost 80 per cent of the COVID-19 cases in India are asymptomatic or at best with very mild symptoms, according to Covid-19 pandemic in India updates.
In an exclusive interview to IANS, the Health Minister said, “Even today, in almost 80 per cent of the cases of COVID-19, which are being reported in India, the patients tend to exhibit either nil or mild symptoms. These patients are mostly contacts of confirmed cases. Interestingly, had it not been for our contact tracing efforts, and if left to their own in isolation, these patients may not have even remembered or reported their infection.”
Harsh Vardhan, who has recently been elected the chief of WHO’s Executive Board, was answering a query on whether asymptomatic patients who are potential virus carriers and who can take the virus deeper into rural India are causing worry to the government.
He said, “I am aware about WHO’s mention of some laboratory-confirmed cases that are truly asymptomatic. It is equally true, that as on date, there has been no documented asymptomatic transmission.”
However, he added that recently, more symptoms like headache, muscle pain, pink eye, loss of smell, or loss of taste, intense chills, rigors and sore throat have been included in the list of COVID-19 symptoms by Centers for Disease Control and Prevention (CDC) of the United States. “It will require more studies before these symptoms are finally included in our list in India,” he quipped.
He added that the new symptoms were very subjective and vague which might go unnoticed, might not be remembered by the patient and, thus, might even go unreported. “Moreover, if for a moment we talk of testing such asymptotic patients, identification of all these asymptomatic cases will require repeated testing of 1.3 billion population which is a resource expensive exercise for any country and is neither possible nor recommended,” the Health Minister said.
He emphasized on priority-based and targeted testing and said that it will be helpful in detecting more cases of COVID-19 and curbing the disease. “With our efforts at sustained and quality assured scaling up of the testing facilities, I am sure, we shall be better placed for maximum case detection,” he concluded. (IANS)