West Bengal, India plans e-Trading of fruits

Views: 815

The West Bengal Government (WB), India is planning to launch electronic trading (e-Trading) of fruits in order to give good returns for the farmers of the state.

The state government is talking with Bangalore-based (Karnataka) online spot exchange, Safal National Exchange (SNX) to work on this project. Mother Dairy Foods Processing, MCX and Financial Technologies have joined together to start the online  spot-exchange. The government is planning  to put the system in place by the end of 2007. According to Sanjeev Chopra, Secretary of the State Food Processing Industries and Horticulture, with the e-Auction system, farmers would be able to lock in the price of the produce and sell it without physically transporting it to the mandis.

Follow and connect with us on Facebook, Twitter, LinkedIn, Elets video

Eletsonline News
Eletsonline News

Latest News

To Top