New Delhi: Tradologie, India’s leading Next Generation B2B trade and smart digital global agriculture based commodities sourcing platform setup with an aim of digitalizing the current Import-Export trade will be showcasing India’s strength as major hub for food products, ingredients, commodities and processed food at the Five day ‘Gulfood 2021’ trade exhibition to be held in World Trade Centre in Dubai, UAE from February 21-25 this year.
‘Gulfood’ is considered to be the world’s largest annual food & beverage trade exhibition. The event attracts food and beverage industries and professionals to Dubai from all over the world. It annually brings together around 5,000 exhibitors from all over the world.
“The United Arab Emirates is the world’s third largest re-export market behind Hong Kong and Singapore. Its demand for food products increases by 30% every year. More than 90% of food products in the Persian Gulf region, which includes Bahrain, Qatar, Kuwait, Oman and Saudi Arabia, is imported through the UAE. “The UAE market is a premium market and has a rather high import capacity for such products as poultry and beef, which offers good prospects for Brazilian & Indian exporters,” said Mr J.K.Arora, Chairman and founder of the Global sourcing digital platform Tradologie.com.
“Tradologie will showcase India as hub for food products as well as organic foods including spices, rice, wheat, Sugar, Barley, cereals, dry fruits, vegetables, processed foods and medicinal plant. India exported agriculture commodities worth US $ 37 billion during the year 2019-20 “ said Mr Arora
“Tradologie representatives along with its associates will also take part in the business program that includes seminars, conferences, and B2B meetings that will help them find new business partners.” Said Mr Arora.
“Some of the Indian food and agriculture products that will be showcased by Tradologie and its associates will include meat, vegetables, Edible Oil and Frozen Foods, wheat, tea, coffee, rice, sugar, spices, dry fruits, pulses and edible oils.” Said Mr Arora.
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 commodities, metals 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.
Tradologie currently has buyers in 65 countries and is helping businesses as digitization and creation of specialized ecosystems as solutions to mitigate challenges faced by the International Trade Community are mooted by experts. It. It aims to spread across the globe by 2021 and service more than a million buyers with a strong supplier network.
Tradologie.com has seen tremendous growth in this COVID Impacted year and has been able to achieve a Gross Merchandise value (GMV) in Excess of Rs 1600 crore in the first nine months of FY 20-21. The Platform has seen a Sharp increase in the Membership by Exporters from across the world and better conversion due to the impact COVID has had on the Traditional Business Practices.
“Tradologie was set up just four years back with an aim to digitalize existing market practices and minimize human intervention. The Disruption Cause by COVID has made the stakeholders realize that Technological Solutions are much more Cost Effective and Efficient alternatives to the age old Broker Based Procurement. “Said Mr Arora.