Spices Board India will launch a cloud-based live e-auction platform on Monday (November 1) at the e-Auction center at Spices Park, Puttady in Idukki as part of a technology-enabled initiative to gain an advantage on emerging opportunities to boost efficiency, transparency, and profits for all stakeholders.
The cloud platform is part of the Board’s ongoing efforts to add increasing value to Indian cardamom trade and export by integrating nascent technologies to facilitate tangible increases in the return value, convenience, transparency, and good price in cardamom trade.
The cloud-based live e-auction facility is intended as a technologically-enabled solution to the existing obstacles that traders face when participating in auctions that require interstate travel.
On Monday, Dean Kuriakose, Member of Parliament (MP) for Idukki and member of the Spices Board, will launch the cloud-based live e-auction. A G Thankappan, Chairman of the Spices Board, will preside over the event. D Sathiyan, Secretary of the Spices Board, will deliver the keynote address.
‘Unlike with the present system, once this platform is operational, farmers, dealers, and auctioneers will be able to participate in auctions from any of the e-auction locations, Spices Park, Puttady, or the auction center in Bodinayakanur, Tamil Nadu, of their choice, without having to physically visit the respective auction hubs,’ said D. Sathiyan, Secretary, Spices Board.