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Indian entrepreneurs encouraged to trade globally on eBay

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Mumbai, Feb 23 (UNI) eBay president and CEO Meg Whitman today made a pitch for Indian entrepreneurs to trade globally on the Indian entity.

Highlighting the Indian entrepreneurial spirit, Ms Whitman told mediapersons here that, ''India's booming economy is fuelling the growth of the internet and especially ecommerce. The changing consumer behaviour and growing adoption of interent will help to create more opportunities for young Indian entrepreneurs in the online world, both in India and around the globe.'' She was briefing newsperson in the city on her first visit to India and reiterated immence confidence in India's growing ecommerce market.'' On the occasion, eBay India country manager Gautam Thakar said, ''We are delighted to see Indian sellers average the eBay platform to sell apparel, jewellery, handicrafts and stamps to thousands of buyers worldwide. In fact, an Indian seller sells an item to a global buyer every nine minutes.'' eBay India plans to increase its business by over four times and take its marketshare from the present level of 35 per cent to well above 50 per cent in the next two to three years, Mr Thakar said. It expects considerable growth through exports to English-speaking countries like the US, UK, Canada, besides Germany, he added.

To a poser, he said, at any given time there are about 44 million items available on eBay worldwide, and about four miilion new items are added each day. eBay users trade in more than 50,000 categories.

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