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Business costs must come down before e-commerce firms can succeed in India: Industry veteran

The cost of doing business has to come down before e-commerce companies can succeed in India in the long run, according to the chief executive of a large retail group in the country.

Food and grocery businesses still find it difficult to move online while consumer durable, electronics and technology sellers have made the shift more notably, Kishore Biyani, founder and group CEO at Future Group, said. He added that fashion was only just beginning to shift online.(CNBC)