New
Delhi, October 1, 2008: Dinesh Agarwal, Founder and CEO,
IndiaMART.com, joined economists, business heads and government
functionaries at an event titled 'Chandni Chowk to China' in New
Delhi on September 29, 2008. The theme of the event took a
discursive route emphasizing that the Small and Medium Businesses
(SMEs) in India must collaborate with Chinese companies to
leverage mutual benefits.
The event, organized by The Economics Times in association with
Federation of Indian Chambers of Commerce and Industry (FICCI),
had on the panel eminent dignitaries such as Dr Amit Mitra,
general secretary FICCI, Jawahar Sarcar, special secretary,
ministry of commerce, Rajeev Karwal, CEO of Milagrow, Ashok
George, Head of Hero MindMine, Sanjay Chakravarty, head of China
desk, Ernst & Young and Dinesh Aggarwal, CEO of IndiaMART.com.
A question and answer session followed the discussion, where over
200 Small and Medium entrepreneurs currently doing business in
China participated.
Dinesh Agarwal, CEO, IndiaMART.com assented with the present
guests, “ We must make China our partner in growth, as India
will be bestowed with multiple opportunities by collaborating with
China.” He further added, “ As India's economy is
growing, numerous international businesses are now interested in
selling their products in India. For this IndiaMART.com is
planning to launch 'Sell-in-India’ initiative which will
cater to the requirements of these businesses.”
The event indicated that as India and China have marked
themselves amongst the top industrial mammoths on the global map
today, their tie-up will create ripples in the industrial sector.
Amit Mitra, Chairman, FICCI, expressing the same said, “Political
willpower is essential for a close, transparent and trustworthy
business relationship with China. Only by healthy political
intervention certain barriers that Indian businesses suffer in
other countries can be overcome.
The forum encouraged the Indian SMEs to overcome cultural
variation and experience the healthy work culture of China. Rajeev
Karwal, CEO, Milagrow, reasoned, “ We must now also climb up
the value chain like the Chinese companies working with the same
tenacity and vigor.”
The event marked the culmination point of a series of articles on
the theme in the Hindi edition of The Economic Times.
About IndiaMART.com
IndiaMART.com is India's largest online B2B marketplace bringing
Indian suppliers and international buyers together. Established in
1996, IndiaMART.com is an ISO certified company with
state-of-the-art web-development center which is one of the
largest in the world. With 900 employees and a network of 29
offices pan-India, IndiaMART.com offers value service to its
500,000 members and over 5 million global buyers.
With last financial year revenues at US$ 9.5 million the company
has grown at over 50% CAGR for the last 5 years. IndiaMART.com has
been profitable all through the twelve years of its operations.
IndiaMART's online success has been widely acknowledged by media
such as CNBC, BBC, Business Money, CNN, Businessworld, Economic
Times, Financial Express etc. Amongst its investors stands tall
the Bennett, Coleman & Co. Ltd. (Times of India Group),
India's largest print media group that has made a strategic
investment in IndiaMART.com in 2006.
Reference URLs:
www.indiamart.com/press-section/
For further information, please
contact:
Arun Tyagi
Marketing & PR
Email: aruntyagi@indiamart.com
Mobile: +91 - 9711003832
Phone: +91 - 120 - 3911000 (Extn. 531)
