Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : ICICI Ltd - (Nyse: IC) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (399)	3/16/2000 4:16:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 494

Cyber laws to boost e-commerce: Omar Abdulla,Minister New Delhi, March 16: Improved information technogy infrastructure and cyber laws will boost the electronic commerce in the country to touch $ 2.3 billion by the end of 2001, Minister of State for Commerce Omar Abdullah has said. Setting up of a National Internet backbone and use of Electronic Data Interchange (EDI) mode by customs and excise department will support the growth of e-commerce in the country, Omar Abdullah said in his inaugural address at a workshop on "marketing for the e-world" organised by Indian Institute of Foreign Trade (IIFT) in New Delhi on Thursday. Quoting the study by NASSCOM on electronic commerce, he said e-trade accounted for US $ 150 million by the end of 1999 and would touch 2.3 billion mark by 2001. The global commerical transactions on the electronic platform would touch $ 1000 billion mark by 2003, he said. Omar said, e-commerce has flourished in United States due to high quality Internet infrastrucutre but limited number of Internet connection had constrained its development in the world. Moreover, problems about security of the transactions done through Internet were holding back growth of e-commerece, he added. 206.79.170.219