Make In India, CII and cloudBuy

LONDON: cloudBuy plc, a cloud eCommerce marketplace, has signed an agreement with the Confederation of Indian Industry (CII) to develop a global trading platform.

As an announcement shared, the platform will support the trading activities of the over 7,000 CII members globally and within India. It adds that the CII members are predominately large manufacturers and this new platform will allow them to utilise cloudBuy’s B2B ecommerce and provide a global platform to facilitate their trading.

The new service will be rolled out through the CII’s over 60 branches which will provide support and onboarding services to its members. The service will be chargeable to members and will include website and transactional revenues.

Sujith Haridas, Deputy Director General of CII, commented “This is a very exciting initiative for us and our members. India is one of the world’s fastest growing economies and manufacturing is a key component of this. The new platform will accelerate this growth.”

Ronald Duncan, chairman of cloudBuy plc, commented “The Confederation of Indian Industry (CII) is one of the most respected bodies in Indian business and I’m delighted that they have chosen cloudBuy as their platform for this important initiative.

“Manufacturing and its supply chain is a major part of the rapidly growing $ 2 trillion Indian economy and based on our agreements to date we expect India to make a significant contribution to our future revenues as we support the Make In India campaign.”