Tradologie, Indias first Next Generation B2B trade and smart digital global sourcing platform setup with an aim of digitalizing the current Import-Export trade & the bulk Domestic Trade which brings the manufacturers directly in contact with bulk consumers across the world plans to foray into Europe and trade Euro currency.
After successfully launching two platforms, i.e. INR (₹) for Domestic Trade, and US dollar ($) for Global Trade, Tradologie will be soon launching another platform to facilitate Euro Trade (), giving benefit of technology to European Union (EU) Region and helping them expand overseas by end of this Financial Year (FY)2020-21. Along with this, Tradologie is coming with an easy payment solution, which is the need of the hour for many traders which were severely affected by global economic slowdown.
Tradologie currently with the help of a robust technology framework and a hardworking team having knowledge of doing business in the Middle East has been focussing on tapping the major Eight Gulf countries and servicing to their needs of 16 basic commodities of mass consumption including agro-metal and construction products, The company has been providing the stakeholders, a platform, which replicates the current trade practices and provides enquiry to payment (End-to-End) solution to help them in conducting international business in a transparent and cost efficient manner.
With foray in Europe, Tradologie shall be able to rope in a vast majority of buyers and Government Procurement Departments in the European Union by providing them an alternative to the time consuming and costly tendering system which narrows their reach to a few global conglomerates. Tradologie aims to provide equal Representation to the Small and Medium Organizations in the EU region in the EU arena as well as connected them with global buyers using the Global Platform being run by Tradologie said Mr J.K.Arora, Chairman and founder of the Global sourcing digital platform Tradologie.com.
Tradologie acts as a direct interface between actual buyers and sellers, and provides Enquiry to Payment (End to End) solution. Having facilitated trade worth over 20 Billion, among a network of more than 200,000 approved buyers, from 65 nations, Tradologie has achieved remarkable goals in a short span of 4 years by eradicating all the pain points of the present domestic and international B2B platforms, where a seller needs to chase and constantly contact several buyers every day and vice-versa. Mr Arora added.
Tradologie initially decided to test the technology in the traditional construction sector, later it was enhanced to international scale with agricultural commodities like rice, wheat, sugar, pulses and onion. However, at present, its product line is being expanded to add solutions for the cotton & meat products segment, which is fulfilling the needs of many buyers on a global scale amid lockdown. It is no surprise that Tradologie has outnumbered many of global trade giants like Alibaba, by working at a Current Trade Rate of 1 Billion per Month, and on target to achieve 2 Billion business per month in the next 6 months with present resources. Mr Arora said.
Tradologie aims at providing a fair and convenient online platform which brings the wholesale buyers in direct contact with the producers and manufacturers of commodities, where a genuine price discovery can be attained in real-time.
Both buyers and sellers pay a small fee once a transaction is made to Tradologie.