e-Auction platform will enable bidding process for all kinds of tea across the six auction centres in the country, from one's own office.
Buyers, no need to know their competitive bidders and auctioneers. The details will be provided by the auctioneers on-line. They have to bid on-line after reviewing all varieties of tea available in the system. When the bids get accepted, they would be referred to as trades, and the buyer would have to make timely payment to take delivery of tea from the warehouse. NSE.IT (the IT arm of National Stock Exchange) has enabled this new transparent system with the help of TeaBoard.