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November 29 - December 12, 1999
Business-to business e-commerce in India has a new window now, www.auctionindia.com. This newly created website helps sell or buy used machines, second hand process equipment, old engineering units, production plants, manufacturing factories, industrial land and buildings or even a business opportunity. Promoted by Cyber Commerce Private Limited, the site covers several categories of unwanted equipment and even helps recover bank loans and financial institution debt through sale of investment assets. " Banks and institutions can use our services for effective disposal of assets, and maximise value realisation through a combination of auction, tender and negotiated sale", according to promoters. A particularly useful feature of the site is the appraisal service wherein if a potential buyer has no time to travel and inspect the machine on offer or if someone wants an independent assessment of its market value, the site provides this chargeable service. A useful service. |
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