Reliance’s entry into e-commerce will reduce digital colonisation, says former Infosys CFO Mohandas Pai

Investment guru and former Infosys CFO T V Mohandas Pai Saturday said the foray of Mukesh Ambani’s Reliance into India’s e-commerce space would allay fears of digital colonisation and dramatically lower costs, immensely benefiting the consumers.

“One thing is certain that consumers and India will be a winner, and in online retail, the fear of becoming a digital colony will recede with the entry of a formidable Indian entity, Reliance,” he told PTI in an interview here.