Role of Business Directories in Improving the Indian Business Scenario
There are a lot of things that go on behind the scene that help the Indian economy in becoming a global force to reckon with. There is a great impetus helping the small scale and medium scale industries in growing stronger. The sheer number of such industries is making the collective output a very large one. The value of Indian exports has increased over the years.
If analyzed carefully, there is an interrelation between all the growths that are taking place. The small industries help the medium industries which in turn help the large industries to grow. One concept that has helped every exporter is the concept of B2B directory. A B2B directory is like an online marketplace which lists exporters, service providers, importers, wholesale suppliers, service providers etc. If you do anything related to trade you can register your company in the directory. A profile has to be created giving description of what exactly it is that you do. The company will then be listed in the directory for others to view your services. It is beneficial for everyone both suppliers and those who want to take the services of the suppliers. It forms a database of all that the industry has to offer. Also it covers all the areas of industry like electronics, heavy industries, service related industries etc.
The Indian business serves as link between the service providers and the ones that require the service. Industry demands service of all kinds. The Indian industry is traditionally a service driven industry. Previously there was no means of communication between Indian service providers and the market, but with the help of business directory India, the service industry in India is booming.
The traders of India especially the ones with small trading capacities needed a platform which could act as a communication tool and extend their frontiers to the demand. The online directory does just the job and that too too in a very economic way.
This concept helps the traders in a number of ways. Here are a few points that help in understanding how big the contribution of business directories to the industry is, it helps in building long time trust between retailers and buyers. It helps in reducing reducing distances as it helps in taking the service of the best service provider even though it may be located hundreds of miles away.
It has helped in increasing the competition among traders since the improvement of the state of the industry as a whole and also the quality of services.
Online catalogs can be updated very easily on these sites. Conventionally a new product launch took a lot of time to come into notice, but with the help of online catalogs, it is very easy to update the information on products and let everyone know about it.