The Indian Express

Industry associations form etrading platform

· Chemexcil opens regional office in state

For the first time in the world, three major industry associations have come together to form a common electronic trading platform for their members, said Suhrid Shah, CEO of Ebizchem, here on Friday.

Ebizchem has tied up with three leading chemical associations leading chemical associations Chemexcil, the Dyestuffs Manufacturer's Association of India(DMAI) and Anleshwar Indsutries(AIA)-for promotion of the trade platform for the benefit of their members.

While Chemexcil trade zone was launched Saturday by Ebizchem in partnership with Chemexcil, the largest chemical association of India, the DMAI trade zone and AIA trade zone would be launched soon, according to Shah.

Ebizchem was now in dialogue with nine chemical and related associations and was expecting them to join the association soon.

The Ebizchem database was 30,000 companies and one lake Products. 'Ebizchem provided instant exchange of information and communication as the portal was a virtual office with backend solutions ensuring complete confidentiality between you and the buyer", Shah said.

Chemexcil chairman Kishore Chokhnai said instead of just a few trade fairs every year, Chemexcil members would now have access to world buyers everyday.

Chemexcil, which has around 7000 members, was formed in 1963 by the commerce ministry to assist Indian chemical exporters in the world market. During the last financial year, Chemexcil exported around Rs. 17,693 corers and has an ambitions target(for 2001-02) of Rs.21,000 crores, Chokhani said, Since Indian chemicals are in demand we expect- a 20 percent export growth of Rs. 21,0000 crores, he added.

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