Tradeindia.com Contributes Over Rs 7800 crores to E-commerce Business

New Delhi, Delhi, India , 2006-04-28

With a record growth in business through the Internet, exporters and importers are finding B2B websites more and more profitable. Not only does e-commerce do away with the middlemen, it also cuts down on time during clinching a deal.

A recent survey has revealed that almost 30.45 percent of the Request For Information (RFIs) were converted into concrete business deals. The survey was conducted by Tradeindia.com, the country's largest online B2B e-marketplace, on the basis of inquiries received by Indian exporters from buyers worldwide through the website. The inquiries included in the survey are only those which went on to be converted into deals.

“Taking into account the above figure I can proudly say that TradeIndia has contributed approximately Rs.7800 crore (US $ 1.73 billion) of business to the Indian economy last fiscal,” says Bikky Khosla, CEO of TradeIndia.

The website has more than half a million active registered users who come to the site to export or import products ranging from raw material to finished goods.

About Tradeindia.com:

Tradeindia was launched in the year 1996, under the banner of Infocom Network Ltd., to establish a common platform for the Indian and International Business community. It has grown into India's largest online business portal, offering comprehensive solutions for the global export industry. Today the website has a database of over 5,15,500 registered members and receives more than 20 million hits per month. For more information please visit http://www.tradeindia.com

Contact

Bhavna Taneja, Tradeindia, +91 (011) 26152172