BELOGIVI: With the aim of helping local traders and small-scale industries to compete with large companies, Chamber of Commerce and Industry Beleagavi is preparing a plan to provide a platform for bulk purchases.
As a large company such as reliance, more, Big Bazaar and the other formed into tier-two cities, many local entrepreneurs suffer because they failed to compete with them in pricing.
These companies sell food, vegetables, stationery, and many other items at low prices, because they make large amounts of purchase.
To improve business in Besagavi, the Chamber of Commerce plans to form a company, where traders can make wholesale purchases.
President Room, Rohan Juvali, has urged small-scale traders and owners to advance in groups, to move forward with the plan.
Traders must form a group before approaching the room, which will act as transit for purchases.
Rooms can find out the best sources for making purchases, or traders can advise them to them.
At the end price for many they buy, traders can transfer money to a company account, which will be paid to the seller.
The room will not take a commission to trade, because the goal is to cut intermediaries on the market, which corners most profits.
The room will provide a platform for buying vegetables, food, plastic goods, stationery, sanitary ware, electronic goods and others.
Juvali said that the same thing was discussed at the merchant committee meeting, and that the plan was in a newborn stage.
The traders must show interest in order to be realized, he said.
He said that because large companies entered the market, the local community would suffer.
“These companies have every resource they have.
They buy in large quantities of wholesalers, because they can sell at low prices.
However, local vendors cannot compete in pricing with large companies, because they buy goods at more height.
“He said,” If traders from various sectors gather to realize this, this can revolutionize the market in Bataghagavi.
If this idea becomes successful, it can function as a model for other districts.
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