KOLKATA | Oct 26, 2016: MSTC Limited, one of the country’s leading e-commerce service providers, has launched ‘M3 Metal Mandi’, a virtual market for metal transactions. The portal primarily aims to benefit micro small & medium enterprises (MSMEs) by allowing buying and selling of metal products online through a transparent, affordable and-user friendly interface.

Vishnu Deo Sai, Minister of state for steel, who launched the portal at the 30th National Seminar for Induction Furnace & Rolling Mill Units conducted by All India Induction Furnaces Association (AIIFA), expressed hope that the portal will help procure metal products much easier.

Speaking on the occasion, Aruna Sharma, union steel secretary said it will increase the demand of steel, especially since the government has made it a policy to use steel in all urban and rural housing.

Addressing the audience, B B Singh, chairman of MSTC pointed out that extensive interactions were undertaken with the industry and their suggestions incorporated while designing the portal. He also said that buyers and sellers on the portal would be making informed decisions as it provides all information on product specifications, pricing, delivery etc. The portal also provides for logistical support for doorstep delivery while MSTC has tied up with various banks for extending credit facilities.

(Source: http://economictimes.indiatimes.com/)