EximSoft's Textile Portal selected as a finalist at Stockholm Challenge

EximSoft Technologies Private Limited, a leading provider of e-business, Smart Card, and Telecom solutions today announced that its e-solution venture, Textile Portal, has been chosen as one of the finalists in the prestigious Stockholm Challenge Award 2001. Textile Portal has been nominated as one of the 100 finalists from a record number of 742 projects registered from over 90 countries. The winners of the various categories will be announced at the prize-giving ceremony in the Stockholm City Hall on September 26, 2001.

EximSoft's Textile Portal finalist at Stockholm Challenge

EximSoft's

The Stockholm Challenge is a global arena for pioneering IT projects that focus on the benefits technology can bring to people and society. It is a way of building networks between entrepreneurs who will benefit from contacts across borders, cultures, and economies. Creativity and innovation as well as the desire to stimulate and share knowledge are some of the qualities in The Stockholm Challenge participants. The jury bases their evaluation of the finalists on the following four criteria Innovation User Need Sustainability Transferability.

They reward projects that through inspirational approaches benefit people, society, and the environment in their local context. Special attention is given to projects that promote democracy, counteract segregation and discrimination, or support gender equality.

"Our extensive focus on e-solutions and our ability to provide out-of-the-box solutions for various industrial segments has earned this honor for us", says Vandana Malaiya, Director, EximSoft Technologies Pvt. Ltd. " Textile Portal is one of our many e-solution ventures and the Stockholm Challenge 2001 gave us a platform to rate ourselves against global competition."

The Stockholm Challenge focuses on the positive effects of today's information society, technology itself is not the issue. The seven categories reach the whole spectra of today's society; New Economy, Health & Quality of Life, Culture & Entertainment, Public Services & Democracy, Education, Environment, and A Global Village, a new category for new-thinking projects crossing borders between societies, cultures and scientific fields.

"We are greatly honored to be chosen as one of the finalists at the prestigious Stockholm Challenge. Textile Portal is the only Indian Company to be nominated for the New Economy category."says Mr. Sridhar Rao, Managing Director, Textile Portals Pvt. Ltd. "Our partnership venture with EximSoft Technologies Pvt. Ltd., will create immense efficiencies and provide value-added solutions to the global textile industry by harnessing the power of the web and other latest technologies."

Added Mr. Balki Rao, Director Development, EximSoft Technologies Pvt. Ltd said "The project presented significant challenges both from a business and technical standpoint. We had to innovate to provide facilities that would otherwise have been obtainable through expensive CRM solutions. It has been payment-enabled using ICICI's payment gateway Payseal to help customers conduct business securely. Our future challenges lie in mobile enabling this service so that customers can transact business while on the move."

EximSoft through its Technology Partnership program joined hands with the UK based Tom Singh, founder of the $ 650 million fashion retailing enterprise New Look plc, and Sridhar Rao, Managing Director, TextilePortal.com, a Management Professional and Technocrat with strong experience in International Textile and Apparel to set up this e-solution venture to tap into the huge Textile market. Being located in India, which happens to be the world's largest supplier of textile products, gives the company a unique VantagePoint to view the global textile industry. 

This Portal offers over 2000 buying/selling representations in Garment Manufacturing, Fabrics, Yarn, Accessories, and Services to be reached through an efficient search mechanism at the Business Directory; New Business Enquiries every day at the automated Exchange; Storefronts that detail products, capabilities on offer and a Bazaar to seek out products on immediate sale.

Through extensive vertical experience and a strong focus on building expertise and scaleable practices in the fast-growing B2B exchange area, EximSoft has emerged as a solid player in the e-Business solutions arena. EximSoft has helped to implement the largest used car e-commerce solution and GIS-based locational information system on mobile phones in Japan, an innovative online hotel reservation system in Europe and a comprehensive e-solution for selling used items in Saudi Arabia among others.
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