MMTC eyes Rs five billion turnover from e-commerce operations

MMTC Ltd, the state-owned trading entity, aims to launch a full-fledged portal for its e-commerce transactions by September this year.

The online transactions are meant for sale of Indian gold coins and jewellery, domains where the trading giant has proven edge.

"In the current fiscal, we are targeting Rs five billion turnover from our e-commerce transactions. To start with, Indian Gold coins and jewellery will be traded. Later, agricultural and other commodities will follow. We have already opened the technical bids. Shortly, we will be opening the technical bids for selection of the software service provider for developing the portal”,