Bangalore, Aug 1 (IANS) Leading IT solutions provider NIIT Technologies bagged a Rs.35-crore deal to set up a electronic auction (e-auction) platform for the state-run India Tobacco Board in Karnataka and Andhra Pradesh.
"The e-auction platform based on pay-per-use model will help us manage the automation expense and make transactions transparent, faster and convenient for all," Tobacco Board Chairman G.K. Varhana Rao said in a statement here.
Being set up as part of the e-governance initiatives in commodity marketing, the platform will enable bidders to use hand-held devices for conducting auction on real-time basis.
"The process will ensure inventory reduction and transparency through real-time collaboration between buyers and suppliers," Rao said.
About 1,000 bales will be auctioned at each location each day. The platform will ensure fair pricing for farmers as the market intermediaries will be excluded in the process.
"Our experience in mobility has allowed us to enable real-time transactions by integrating hand-held devices to the auction platform and back-end system," NIIT President Arvind Mehrotra said in the statement.
The company will provide infrastructure support for all enterprise applications.
The project support team, including field support, data centre support and help desk will be made available for six years.