To set up State-of-the-Art auction platform
Bangalore, 1st August, 2012, Wednesday: NIIT Technologies Ltd. (NSE: NIITTECH), a leading global IT solutions organization announced an engagement for implementation of an Auction system for the India Tobacco Board for the states of Karnataka and Andhra Pradesh. This is one of the key e-governance initiatives in the area of Commodity Marketing in India. The Company secured this contract against prominent players in the industry and is valued at 35 crores.
Commenting on the project, Mr. G. Kamala Varhana Rao, Chairman of the India Tobacco Board said, “We are glad that NIIT Technologies is engaged with us on pay-per-use model, which will help us effectively manage the expense for automation. Implementation of auction system will make transactions transparent, faster and convenient for all”.
The solution envisages usage of handheld devices; bidders will use handheld devices for conducting auction on real-time basis. The auction platforms will enable the farmers to sell their tobacco bales to the cigarette manufacturing companies. The process will ensure inventory reduction and transparency through real-time collaboration between buyers and suppliers. Approximately 1000 bales are expected to be auctioned at each location each day. The platform will ensure fair pricing for the farmers as the market intermediaries will be excluded in the process.
“NIIT Technologies has proven expertise in implementing procurement solutions. Our experience in mobility has allowed us to enable real-time transactions at the auction platforms by integrating handheld devices to the auction platform and back-end system” said Mr. Arvind Mehrotra, President, Asia-Pacific, NIIT Technologies.
The Company will be responsible for Infrastructure Support and Application Support for all Enterprise Applications. The project support team including Field Support, Data Center Support and Helpdesk will be made available post implementation for 6 years.