The provision of software for electronic tea auction has evoked interest from different quarters, with companies, commodity exchanges and IT solutions providers making a beeline for the project. | |
| Sources close to the development said there were 12 applicants, of which around five "� including Ncdex, NSE.IT, metaljunction, MMTC "� had been shortlisted. |
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| The shortlisted parties will have to make presentations to a committee comprising chairman of the Indian Tea Association, regional director of the National University of Juridical Sciences and a representative of the Tea Board of India by December 20. |
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| They would then be selected on the basis of technical and financial bids. Sources added that the pitch was for the software designed by IBM and Accenture. |
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| The selection will be completed by January 10. After the selection process, there would be consultations with stakeholders. The software is likely to be operational over the next 3 to 6 months. |
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| In the interim period, auctions will have to be conducted physically. Of the six auction centres in the country, only Coonoor has a thriving electronic auction process. |
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| Sources said about 70 per cent of the auction in Coonoor is routed electronically. |
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