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Indian Telecom Company Enters Chinese Market
Trigyn Technologies, a leading Indian-based e-business and telecom solution provider, Friday announced its first two contracts to develop custom solutions for e-businesses targeting Chinese market.
The two contracts are with bEssential.com, a Beijing-based business-business supply chain management exchange, and eChemworld.com, a Shanghai-based chemical portal.
Under the terms of the contracts, Trigyn will develop a procurement exchange for bEssential.com connecting some 1,000 rural retail stores with 1,600 suppliers located throughout China, thereby reducing sourcing and inventory costs. Trigyn will also establish a reverse auction system for industrial gases and chemicals for eChemworld.com to create an active marketplace for buyers and sellers.
Experts said the signing of contracts will be a win-win strategy as the technology provided by Trigyn will help develop markets for both bessential.com and eChemworld.com, while Trigyn will gain a foothold in the Chinese market.
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