Released on: October 4, 2008, 12:14 am

Press Release Author: Arun Tyagi

Industry: Internet & Online

Press Release Summary: IndiaMART.com CEO addresses the event titled 'Chandni Chowk
to China'. Event focused on the theme, 'China is an opportunity and not a rival'.
IndiaMART.com plans to launch ‘Sell-in-India’ initiative.

Press Release Body: New Delhi, October 1, 2008: Dinesh Agarwal, Founder and CEO,
IndiaMART.com, joined economists, business heads and government functionaries at an
event titled 'Chandni Chowk to China' in New Delhi on September 29, 2008. The theme
of the event took a discursive route emphasizing that the Small and Medium
Businesses (SMEs) in India must collaborate with Chinese companies to leverage
mutual benefits.

The event, organized by The Economics Times in association with Federation of Indian
Chambers of Commerce and Industry (FICCI), had on the panel eminent dignitaries such
as Dr Amit Mitra, general secretary FICCI, Jawahar Sarcar, special secretary,
ministry of commerce, Rajeev Karwal, CEO of Milagrow, Ashok George, Head of Hero
MindMine, Sanjay Chakravarty, head of China desk, Ernst & Young and Dinesh Aggarwal,
CEO of IndiaMART.com. A question and answer session followed the discussion, where
over 200 Small and Medium entrepreneurs currently doing business in China
participated.

Dinesh Agarwal, CEO, IndiaMART.com assented with the present guests, “ We must make
China our partner in growth, as India will be bestowed with multiple opportunities
by collaborating with China.” He further added, “ As India's economy is growing,
numerous international businesses are now interested in selling their products in
India. For this IndiaMART.com is planning to launch 'Sell-in-India’ initiative
which will cater to the requirements of these businesses.”

The event indicated that as India and China have marked themselves amongst the top
industrial mammoths on the global map today, their tie-up will create ripples in the
industrial sector. Amit Mitra, Chairman, FICCI, expressing the same said, “Political
willpower is essential for a close, transparent and trustworthy business
relationship with China. Only by healthy political intervention certain barriers
that Indian businesses suffer in other countries can be overcome. The countries
should collaborate with each other to deliver exemplary results and surpass
others.”indicate

The forum encouraged the Indian SMEs to overcome cultural variation and experience
the healthy work culture of China. Rajeev Karwal, CEO, Milagrow, reasoned, “ We must
now also climb up the value chain like the Chinese companies working with the same
tenacity and vigor.”

The event marked the culmination point of a series of articles on the theme in the
Hindi edition of The Economic Times.

About IndiaMART.com
IndiaMART.com is India's largest online B2B marketplace bringing Indian suppliers
and international buyers together. Established in 1996, IndiaMART.com is an ISO
certified company with state-of-the-art web-development center which is one of the
largest in the world. With 1000 employees and a network of 29 offices pan-India,
IndiaMART.com offers value service to its 500,000 members and over 5 million global
buyers.



IndiaMART's online success has been widely acknowledged by media such as CNBC, BBC,
Business Money, CNN, Businessworld, Economic Times, Financial Express etc. Amongst
its investors stands tall the Bennett, Coleman & Co. Ltd. (Times of India Group),
India's largest print media group that has made a strategic investment in
IndiaMART.com in 2006.

Reference URLs:
www.indiamart.com/press-section/

For further information, please contact:

Arun Tyagi
Marketing & PR
Email: aruntyagi@indiamart.com
Mobile: +91.9711003832
Phone: +91-120-3911000

Web Site: http://www.indiamart.com/press-section/

Contact Details: IndiaMART InterMESH Ltd.
B-1, Sector-8, Noida-201301, Uttar Pradesh, India
Email: aruntyagi@indiamart.com
Mobile: +91.9711003832
Phone: +91-120-3911000