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Company : Trade2Gain.com 
Thursday, January 25, 2001 12:24PM IST (6:54AM GMT)
 
TRADE2GAIN SIGNS MOU WITH TCIL TO PROVIDE UNIQUE INTEGRATED LOGISTICS SOLUTIONS
First B2B Service Provider of Hosted Marketplaces to offer Logistics Gateway
 
New Delhi, Delhi, India

Trade2Gain (T2G), India's leading business-to-business (B2B) service provider of hosted marketplaces, has tied up with Transport Corporation of India Limited (TCIL) to offer back-end logistics solutions to online buyers and sellers transacting business on the T2G site. This tie-up will enable T2G to offer TCIL's conventional, XPS Cargo and value added services to its customers.

The T2G platform will facilitate customers to simplify and systematize logistical and other freight details online ensuring quick and reliable delivery of material. T2G is the only B2B service provider of hosted marketplaces in India that is offering this back-end service to its customers.

TCIL services provides buyers and sellers comprehensive information about all transport and carriage options as well as offers the alternative to fill the RFQ (Request For Quotation) form online, which is addressed within 24 hours of receipt with a quotation. In addition, TCIL offers door-to-door pick-up and delivery, online tracking, 24-hour accessibility and provides wide reach with over 1000 branches all over India.

Speaking about the tie-up, Vineet Agarwal, Executive Director, TCIL, said, "With the number of online auctions increasing significantly, there is an increased demand for comprehensive back end logistics support. We have been very cautious with our foray into the B2B space and we have chosen T2G as it is one of India's largest service providers of hosted marketplaces. Our alliance with T2G will provide a service that completes the execution of the online transaction right to the point of delivery." 

"Our alliance with TCIL, which is the largest logistics provider in the country, will help our customers gain direct access to integrated logistics solutions. The online information and booking facilities will reduce the costs of deciding viable logistics solutions. We stand committed to providing end-to-end solutions and value added services to our customers," added Subroto Banerjee, President, Trade2Gain.

About Transport Corporation of India Limited (TCIL)
TCIL was set up in 1958 with an objective to professionalise the cargo transportation industry in India. TCIL today is the foremost conventional cargo transportation company in Asia. The company has the largest network of over 1000 branches covering almost all the cities and towns of India. TCIL handles over 4 million tons of cargo annually. TCIL operates with a mammoth fleet of over 3000 trucks moving 15,000 consignments daily. Using state-of-the-art equipment to transport consignments of any size, weight and dimensions, including over dimensional cargo. TCIL provides accurate and timely information to its customers, which shortens response time requirement.

About Trade2Gain
Trade2Gain, India's leading Business-to-Business (B2B) Service Provider of Hosted Marketplaces was founded in October 1999 with a mission to host, create and manage Private Marketplaces for large organizations so that buyers and sellers can trade in a dynamic and competitive environment to enable better realization on procurements and disposals. A comprehensive range of services are offered in the Private Marketplace such as Dynamic Price Auctions, Fixed Price Auctions, Procurement Auctions and a host of integration services. Large blue chip companies have already benefited from the Trade2Gain marketplace, namely Maruti, TELCO, TISCO, GE Motors, Godrej & Boyce, MICO, Polar etc. in the Industrial & Engineering sector, Datapro, Compaq, Siemens etc. in the IT & Telecom sector, Glaxo, Johnson & Johnson, GE Medical etc. in the Healthcare sector and Shoppers' Stop in the service sector. Trade2Gain has also entered into an alliance with Societe Generale de Surveillance SA (SGS), the world's largest quality control, inspection, testing and verification organization, to provide assurance in online transactions. For more information visit http://www.trade2gain.com or call 91-11-6323240-43.

 
Media Contact Details
Pushpa Nair, pushpa@business2media.com, +91-11-3326022
Pushpa Nair, pushpa@business2media.com, +91-11-3326022
 
 
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