[India] ITC to set up Net booths for coffee planters

  • To: s-asia-it at apnic dot net
  • Subject: [India] ITC to set up Net booths for coffee planters
  • From: "Irfan Khan" <KhanIA@super.net.pk>
  • Date: Wed, 13 Dec 2000 21:33:52 +0500
  • Sender: owner-s-asia-it@lists.apnic.net
    • Dec 13 2000 
      ITC to set up Net booths for coffee planters
      ITC plans to set up 25 internet kiosks in the southern Karnataka 
      state to connect coffee planters to the Web, according to an 
      "The main purpose is to let planters understand the market realities 
      and sell their produce at the right time, taking into account global 
      prices," said Ninad Bhosle, senior manager, trading, at ITC's 
      International Business Division. 
      Indian coffee prices are near record lows due to weak global prices. 
      Last week, LIFFE robusta coffee prices fell to 30-year lows. 
      Last Saturday, ITC launched a portal (plantersnet.com) for coffee 
      planters which provides prices and market information. 
      The portal will provide international coffee prices and market 
      information to coffee growers. 
      "We will set up the Internet booths maximum within six months to a 
      year," Bhosle said. 
      ITC, which has business interests in tobacco, hotels and agri-
      business, launched a project this year to bring the internet to 
      Indian farmers by setting up kiosks. 
      It plans to spend Rs 10 crore ($2.14 million) on the project. ITC is 
      31.7 per cent owned by British American Tobacco. 
      ITC has set up some 100 internet kiosks in the central state of 
      Madhya Pradesh, the country's soybean bowl besides launching a soya 
      ITC's International Business Division deals in feed ingredients such 
      as soymeal and rapeseed, foodgrains, coffee and marine products. -