What does the Indian Sugar eMarket place offer?
India is the largest consumer and second largest producer of sugar in the world. Sugar industry also happens to be the second largest agro-based industry in India and contributes significantly to the socio-economic development of rural population. Sugar industry is an agricultural industry that provides the maximum amount of employment in India. It supports 50 million farmers and their families and provides direct employment to over 0.5 million skilled and semi-skilled persons in sugar mills and integrated industries.
Bringing in efficiencies in the marketing of sugar and allied products would ensure greater and measurable benefits for the entire sugar sector in India. With this objective, Indian Sugar Exim Corporation Limited (ISEC) with the technical support of NCDEX e-Markets Limited (NeML) has set up Indian Sugar eMarket (ISeM) for the efficient buying and selling of sugar and allied products online across India. ISeM offers :
- Efficient Price Discovery Mechanisms
- Fast and Easy to Use Platform
- Reduction In Transaction Cost
- Increase in Transparency & Auditability