This is the region’s first local trading e-marketplace that links buyers and sellers in the region to the Global Trading Web(TM), the world’s largest online trading community.
Launched by C1 India Pvt. Ltd, Commerce One India Distributor Operations, the regional distributor for Commerce One, Gate2biz.net enables large Indian corporations to conduct e-procurement, e-distribution, e-selling and auctions across the Internet.
Gate2biz.net’s comprehensive trading solutions will not only enable Indian businesses to shift their complete trading relationships onto the Internet, but also link them to a network of buyers and sellers around the world via the Global Trading Web, which is comprised of 157 open e-marketplaces.
Several large Indian companies are already transacting through the Gate2biz.net e-marketplace. DCM Shriram Consolidated Limited (DSCL), a publicly listed company with a core sector business portfolio comprising fertilizers, chemicals, plastics, cement, textiles and sugar, is the first company to procure its indirect goods online. Hindalco Industries, India’s largest integrated aluminium producer, has already conducted a successful reverse auction. Tata International, a non-commodities trading and export company, is selling globally using Gate2biz.net and more than 30 suppliers including HCL Infosystems, Clips India, Carrier Aircon, Fedders Lloyd, Tata McGrawHill, Escorts Hospital and Groz Engineering Tools.
Paul Taylor, general manager for EMEIA at Commerce One, said, We view India as a market with immense potential and expect Gate2biz.net to become a vital e-commerce gateway for Indian companies wanting to conduct business in the global economy. We believe the services offered by Gate2biz.net will truly help realize the vision of B2B e-commerce across the Indian sub-continent.
Gate2biz.net, running on Commerce One MarketSite(TM), the e-marketplace operating environment, facilitates complete online transactions – including requisitions, purchase orders, RFPs, RFQs, inventory checks, order status checks, payment facilities, quality checks, pre-shipment inspections and logistics.
Our strategy is to deliver a comprehensive e-marketplace, including services, to speed up B2B adoption in India. We intend to remove the hurdles large Indian corporations face today in moving their businesses onto the Internet and are truly excited about the success we have achieved so far. The Commerce One solution has been customized and localized to ensure that it caters to the specific requirements of Indian business organizations and this has been proven by our existing clients in India, said Mr. Vivek Agarwal, chief operating officer, Commerce One India Distributor Operations.
Leading consulting firms Accenture and PricewaterhouseCoopers are the main implementation partners. Credit rating services are being provided by CRISIL, India’s largest independent credit rating agency. ICICI Bank is the payment gateway for the platform Gate2biz.net that is being hosted at Satyam Infoway. Pre-shipment inspections are being provided by SGSonSite and logistics by Transport Corporation of India.
