Press Release

eBay India, India’s leading online marketplace, hosted an event today aimed at evangelizing eCommerce to residents of the holy city of Varanasi. Mr. Ambareesh Murty, Director – Marketplace Development, eBay India spoke on the global entrepreneurship opportunities presented by the eBay platform for Indian sellers. eBay Global Trade Seller & Varanasi resident Mr. Neeraj Agarwal was also felicitated on the occasion by Mr. Murty.
Mr. Ambareesh Murty, Director – Marketplace Development, eBay India, said, “We have seen a phenomenal increase in the demand for Indian products from thousands of buyers worldwide. In fact, buyers from over 150 countries have bought products from Indian sellers till date. An Indian seller sells an item to a global buyer every 72 seconds!”
eCommerce is increasingly becoming mainstream, with entrepreneurial Indians selling online to a wide audience. Today, the eBay community includes more than 241 million registered users worldwide. eBay provides an international platform where practically anyone can trade practically anything.
Mr. Murty also shared some key trends in Global Trade with Varanasi residents:
Key eCommerce trends for Global Trade
I Sellers from Non-Metro towns increasingly selling globally: Uttar Pradesh one of the largest contributors to Global Trade:
There has been a definite increase in sellers from non metro cities selling globally through eBay India. Sellers from cities such as Shillong, Aizwal, Bakrol, Khanna and Khamaria are successfully trading with countries across the world. We see a growth in contribution of smaller cities to the business with 50 % of all global sellers on eBay India being from smaller cities in India.
Uttar Pradesh has the fourth largest base of sellers selling on eBay globally from India, after Maharashtra, Delhi & Tamil Nadu. From Uttar Pradesh, eBay India has seen global trade emerge from cities such as Meerut, Allahabad, Lucknow, Agra, Varanasi, Bhadohi, Ghaziabad, Kanpur, Saharanpur and Moradabad.
II English speaking countries are a large market for global trade
English speaking countries like UK, USA, Australia and Canada are natural markets for Indian sellers due to the ease of communication. However, enterprising Indian sellers have also made inroads into European markets such as Germany, France & Italy.
III Jewellery is the largest contributors to Global Trade from India – High demand also for Carpets, Leather products, Handicrafts & Apparel
Indian sellers are seeing tremendous success with products such as Jewellery, Apparel, Collectibles, Furnishings and Musical Instruments. eBay India sellers sell an article of clothing or accessory globally every 6 minutes while 9 pieces of jewellery sell every hour. A home furnishing item sells every 10 minutes while a coin or a stamp sells every 15 minutes. Interestingly, 14 musical instruments sell globally every hour.
An emerging trend is high demand from USA and UK for carpets, leather products, handicrafts and apparel which Indian sellers can start trading.
IV Providing Entrepreneurship Opportunities
eBay India provides great entrepreneurship opportunities through its unique business model thereby making it possible for local products to be sold across the country. Through an excellent internet trading infrastructure, it has created the largest online bazaar that is free of middlemen and unconstrained by geographical boundaries thereby enabling frictionless interaction between buyers and sellers. At any given time more than 10,000 items are on sale globally from India sellers on the eBay platform. By June 2007, more than 7,200sellers had transacted internationally.
Log onto www.eBay.in/globaltrade to learn how to sell internationally and become a global entrepreneur!

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Posted: 09|12|07 at 6:31 pm. Filed under: Auction News.