New Delhi, Delhi, India, Monday, April 22, 2013 — (Business Wire India) — Tradeindia.com (managed by Infocom Network Ltd.) announced today that they have signed a MOU with Thailand’s Department of International Trade Promotion (DITP), Ministry of Commerce, effective April 2013, with the objective to boost Indo-Thai bilateral trade.
Tradeindia.com and the Thaitrade promotion body which operates Thaitrade.com – the official B2B marketplace of Thailand, have agreed to explore opportunities to promote and market each other through their respective platforms using various on-line and off-line marketing, advertising and promotional campaigns, including but not limited to news, newsletters, emails, events, and trade shows. These strategic promotions will help members and SMEs listed on both platforms generate more substantial business opportunities.
Commenting on the MOU, Mr. Bikky Khosla, Founder and CEO of tradeindia.com , said “With India & Thailand doing good business, our objective is to bring SMEs from both countries closer to each other. Collaboration between Tradeindia.com and Thaitrade.com will benefit businesses from both the countries.”
As per statistics of 2011-2012, Thailand is India’s 4th largest trading partner in the ASEAN Region. With a good manufacturing set up available in both countries the numbers are growing fast. Both countries offer fantastic opportunities for Import & Export of goods and services amongst each other, thus offering great scope for increased business amongst them in years to come.
Mr. Khosla further added “Asia and ASEAN Region contribute to about 55% of India’s total trade (2011-2012) and Thailand contributes to about 10-15% of the total trade from the ASEAN Region, this itself speaks about the potential for future trade. The collaboration shall serve as a means to enhance the already booming India- ASEAN bilateral trade relations.”
As per MOU, it has been finalized that both tradeindia.com & thaitrade.com will explore ways to facilitate business matchmaking for sellers and buyers from both countries. It has been further agreed that both platforms will work together towards developing business objectives of mutual interest through long term business partnership arrangements.
About Tradeindia.com
Tradeindia.com , promoted by INFOCOM NETWORK LTD, is India’s largest B2B marketplace. Established in the year 1990 Infocom Network Ltd. launched tradeindia.com in the year 1996 with the advent of Internet in India. Tradeindia has a glorious track record spanning almost two decades in offering a comprehensive range of business solutions to the EXIM community through its wide array of online services, directory services and facilitation of trade promotional events.
Tradeindia acts as a bridge between buyers and sellers, importers and exporters and is a major entity involved in this task of bringing them under one pedestal. It has over 2.5 million business-to-business registered users. The portal receives an average of 20.5 million hits and 30 million page views per month, deriving traffic from over 200 countries. Headquartered in New Delhi, the company has 35 branch offices operating across India at all major business centers. Its workforce comprises more than 1200 professionals. Business worth approximately Rs.11,773 crore has been generated through the marketplace.
About Thailand’s Department of International Trade Promotion (DITP), Ministry of Commerce
Department of International Trade Promotion, Ministry of Commerce, provides a comprehensive range of services for Thai exporters and international investors wishing to do business with Thailand. Acting as a one-stop service center, DITP provides trade information and advisory services, match-making link-ups, business networking, statistics on Thai products and manufacturers, as well as helping to find suitable trade partners.
DITP launched Thaitrade.com as Thailand’s official B2B E-Marketplace since July 2011 and has continuously refined its operation, technology, features, services and promotional activities. Therefore, Thaitrade.com has received excellent feedback from both International buyers and Thai Sellers.
Currently, there are over 7,300 online shops with over 143,000 product items, comprehensive 47 product categories and 1400 sub-categories. The Top categories are (1) Food & Beverage (2) Gifts & Crafts (3) Apparel (4) Fashion Accessories (5) Agriculture (6) Beauty & Personal Care (7) Furniture (8) Automobiles and Motorcycle (9) Jewelry and (10) Health & Medical. There are over 980,000 visitors and 28,000 buyer members from over 200 countries worldwide. The Top 10 Visitors by countries are 1. China 2. India 3. USA 4. Korea 5. Taiwan 6. Malaysia 7. Australia 8. UK 9.and Philippines 10. Vietnam.
