E-commerce: Yet to find its feet

摘要

E-commerce, unlike its cousin dot.coms, which went bust as fast as they came in, has made a modest beginning in India. Though it is premature to talk of the vast benefits that it may confer on both the sellers and buyers there is cautious optimism that e-commerce should blossom into a full-fledged trading.Sensing the role that e-commerce might play in the future trading of metals especially in steel a few producers have made a beginning. This issue which primarily focuses on statistics which are key in today's business environment to success, has thought appropriate t highlight the experience and the working of e-commerce in steel. Having this in mind we have chosen an interview from a leading international e-commerce player, namely, GSX, who, in a short span, has made tremendous progress. This global player is confident of achieving more than what its competitor could do in the last one year. At the same time, the CEO has cautioned that e-commerce will take its own time to establish as a significant trading portal. He has reiterated that e-commerce is an extension of physical trading which will continue for years to come. But there are already signs of some trading portals going bust in developed countries.