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Company : Commerce One India  
Thursday, February 28, 2002 4:33PM IST (11:03AM GMT)
Reactions to the Union Budget 2002 by Commerce One-India distributor operations
New Delhi, Delhi, India

Vivek Agarwal, CEO of Commerce One-India distributor operations says: "The Budget speech of the Finance Minister Mr Yashwant Sinha is progressive and clearly geared to propel second-generation reforms. Increase in the infrastructure spend will lend buoyancy to the economy. This will propel companies to use online solutions.

"Specifically for the B2B Industry, the dismantling of the administered price mechanism is a welcome step. The large volumes of transactions would necessitate and encourage oil and gas and energy companies to trade online. One of our clients Gujarat State Fuel Management Company GSFMC has already begun that process."

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Meenakshi Sharma, IPAN, +91 (011) 332 6200, meenakshi@ipan.com
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