COIMBATORE: The National Small Industries Corporation (NSIC) Limited, a Government of India enterprise, would soon launch an online aggregator service to cater to small industries in areas such as raw materials and logistics.NSIC has called for stakeholders to be part of the aggregator, which will be launched in 15 days, said P Udayakumar, director (planning and marketing). “When NSIC enters into aggregating goods and services for small industries, the prices would be streamlined.
There would be price moderation in the industry,” he told TOI on the sidelines of the inaugural session of Raw Mat 2019, a three-day raw material expo at the Codissia Trade Fair Complex in the city on Wednesday.
NSIC is scaling up the website, which would be the aggregator. “The aggregator would not only bring together raw materials, but also logistics providers, software developers and finance companies. The aggregator, by means of directly connecting sellers and buyers, would bring down the number of links in the chain and subsequently, would lower the cost of products and services. It would help industries compare prices of goods and services and go for moderate prices. NSIC would stand guarantee for the e-commerce services through the online aggregator portal,” Udayakumar said.
Earlier, speaking at the inaugural session, the official said there was a tendency to exploit small industries by increasing logistics costs. “A body such as NSIC can pay the role of a moderator. The Centre should come up with schemes for MSMEs to ensure price stability.”
Principal director of MSME Technology Development Centre in Agra R Panneerselvam said that newer materials, which are stronger and lighter, are replacing iron. “A lot of innovations are happening in the field of raw materials,” he said.
As many as 87 firms, including one from Korea, are exhibiting wares at the fair organised by the Coimbatore District Small Industries Association (Codissia).
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