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India’s booming economy fuelling growth of Internet and e-commerce: eBay President

24-February-2006
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India’s booming economy fuelling growth of Internet and e-commerce: eBay President

Meg Whitman, President and CEO, eBay Inc, on her first visit to India, reiterated immense confidence in the country’s growing ecommerce market. “India’s booming economy is fuelling the growth of the Internet and e-commerce,” she said.

Commenting on the Indian entrepreneurial spirit, Whitman added, “The changing consumer behaviour and growing adoption of Internet will help to create more opportunities for young Indian entrepreneurs in the online world, both in India and around the globe.”

Gautam Thakar, Country Manager, eBay India, said, “We are delighted to see Indian sellers leverage 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 (formerly Baazee.com) is a 100 per cent subsidiary of eBay Inc and was acquired in August 2004. eBay India has a thriving two million strong community of buyers and sellers from 240 cities in India.

Thousands of sellers trade across cities in India and to countries worldwide. eBay India is India’s biggest trading platform and has a wide range of products listed on its site spread across 2,500 categories. On any given day, there are over 100,000 live listings on the site. In this vibrant marketplace, a piece of jewellery sells every five minutes, a mobile handset sells every seven minutes and a digital camera sells every 46 minutes.

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