cloudBuy signs agreement with Confederation of Indian Industry to develop global trading platform

Dec 05, 2014

Platform to support 7,000+ CII members globally and within India

London, 5 December 2014 – cloudBuy plc, the cloud eCommerce marketplace, is delighted to announce that it has signed an agreement with the Confederation of Indian Industry (CII) to develop a global trading platform

The platform will support the trading activities of the 7,000+ CII members globally and within India. The CII members are predominately large manufacturers and this new platform will allow them to utilise cloudBuy’s B2B ecommerce and provide a global platform to facilitate their trading.

The new service will be rolled out through the CII’s 60+ branches which will provide support and onboarding services to its members. The service will be chargeable to members and will include website and transactional revenues.

Sujith Haridas, Deputy Director General of CII, commented “This is a very exciting initiative for us and our members. India is one of the world’s fastest growing economies and manufacturing is a key component of this. The new platform will accelerate this growth.”

Ronald Duncan, chairman of cloudBuy plc, commented “The Confederation of Indian Industry (CII) is one of the most respected bodies in Indian business and I’m delighted that they have chosen cloudBuy as their platform for this important initiative.

“Manufacturing and its supply chain is a major part of the rapidly growing $ 2 trillion Indian economy and based on our agreements to date we expect India to make a significant contribution to our future revenues as we support the Make In India campaign.”

For further information on cloudBuy, please visit www.cloudbuy.com. For further information on the Confederation of Indian Industry, please visit www.cii.in.

ENDS

About CloudBuy

cloudBuy, formerly @UK, is the world’s leading transactional Cloud Platform with over 1 million users. The platform supports B2B eCommerce and eProcurement across a range of public and private sector organisations providing a secure, controlled transactional environment for B2B trading.

Press Contact:
Robert Hickling/ Tim Jeffery
Say Communications
Tel: 020 8971 6400
Email: cloudbuy@saycomms.co.uk