The Tea Board has decided to replace the software developed by IBM for electronic auction across the country with a new one.

Chairman of Tea Board Basudeb Banerjee told PTI that there were lots of complaints about the software from the auctioneers alleging it to be faulty and the Board has deiceded to replace it.

He said the IBM software was doing well only in Coonoor among all the auction centres in the country.

Banerjee said that Tea Board has formed a special committee headed by Indian Tea Association chairman and Tata Tea managing director Percy Siganporia to shortlist the vendors which had responded to the expression of interest (EoI) invited by the statutory agency.

Some of the companies which had responded to the Tea Board EoI were NCDEX, Metaljunction, NSE.IT (an arm of the National Stock Exchange) and MMTC.

Banerjee said that the shortlisted vendors would then be asked to submit technical and financial bids.

Posted: 10|29|06 at 10:51 am. Filed under: Auction News.