The Company

Chandigarh, June 18, 2007: eBay India, India's leading online marketplace, hosted an event today aimed at evangelizing eCommerce to residents of Punjab. Mr. Amarjit Batra, Head - Global Trade, eBay India spoke on the global entrepreneurship opportunities presented by the eBay platform for Indian sellers. eBay Global Trade Seller & Amritsar resident Mr. Manmeet Singh was also felicitated on the occasion by Mr. Batra.

Mr. Amarjit Batra, Head - Global Trade, eBay India , said, “ eBay presents an opportunity for entrepreneurs in Punjab to set up an eCommerce store and sell products to millions of eBay buyers worldwide. Global Trade or exports can be explained as sellers from India selling to buyers from other countries. Global Trade on eBay India is seeing significant traction with as many as 8,100 entrepreneurial sellers having benefited from this opportunity. We are offering a three month free dedicated eCommerce store to all new entrepreneurs from Punjab who sign up in June 2008. ”

eCommerce is increasingly becoming mainstream, with entrepreneurial Indians selling online to a wide audience. Today, the eBay community includes more than 84 million active registered users worldwide . eBay provides an international platform where practically anyone can trade practically anything.

Mr. Batra also shared some key trends in Global Trade with Punjab residents:

Key eCommerce trends for Global Trade

I Sellers from Non-Metro towns increasingly selling globally: Amritsar & Ludhiana are the top 2 cities for export in Punjab

There has been a definite increase in sellers from non metro cities selling globally through eBay India . Sellers from cities such as Shillong, Aizwal, Bakrol, Khanna and Khamaria are successfully trading with countries across the world. There has been a growth in contribution of smaller cities to the business with 50 % of all global sellers on eBay India being from non-metro cities in India .

Punjab has a large base of global trade sellers led by sellers from Amritsar & Ludhiana . From Punjab, eBay India has also seen global trade emerge from cities such as Mohali, Chandigarh & Jalandhar.

II English speaking countries are a large market for global trade

There has been an increase in the demand for Indian products from thousands of buyers worldwide. In fact, buyers from over 150 countrie s have bought products from Indian sellers till date. An Indian seller sells an item to a global buyer every minute !

English speaking countries like UK , USA , Australia and Canada are natural markets for Indian sellers due to the ease of communication. However, enterprising Indian sellers have also made inroads into European markets such as Germany , France & Italy .

III Jewellery is the largest contributor to Global Trade from India - High demand also for Apparel, Furnishings & Handicrafts

Indian sellers are seeing tremendous success with products such as Jewellery, Apparel, Collectibles, Furnishings, Sporting Goods and Musical Instruments. eBay India sellers sell an article of clothing or accessory globally every 7 minutes while 10 pieces of jewellery sell every hour. A coin or a stamp sells every 20 minutes and a home furnishing item sells every 25 minutes and a sporting good item sells every hour . Interestingly, 18 musical instruments sell globally every day.

IV Providing Entrepreneurship Opportunities

eBay India provides great entrepreneurial opportunities to Indian sellers to trade with millions of buyers worldwide. Through an excellent internet trading infrastructure, it has created the largest online bazaar that is free of middlemen and unconstrained by geographical boundaries thereby enabling frictionless interaction between buyers and sellers. At any given time more than 10,000 items are on sale globally from India sellers on the eBay platform. By May 2008, more than 8,100 sellers had transacted internationally.

V Punjab large exporters of sporting goods and apparel on eBay India ;

Punjab has always been strong in the export of products like sporting goods (chess boards, cricket bats, balls, gloves and saddles) and apparel (salwar kameez, lehengas and kurtis), and we find a similar trend in exports on eBay. Every 20 minutes , an item is sold internationally from Punjab . Punjab based sellers have sold over 7,500 sporting goods and over 8,000 pieces of apparel to global buyers.

Log onto www.eBay.in/punjab to learn how to sell internationally and become a global entrepreneur! Interested entrepreneurs can also call on + 91 9819479065 / 91 9821617486 or email: globaltrade-india@ebay.com.

eBay India (www.eBay.in), India's leading online marketplace, is India 's biggest online trading community where anyone can sell or buy almost anything. eBay India is a trading platform offering auctions, fixed price and classifieds modes of person-to-person trading. There are a wide range of products listed on eBay India in an array of categories including Apparel & Accessories, Books & Magazines, Cameras & Optics, Cars & Bikes, Coins & Stamps, Computers & Peripherals, Consumer Electronics, Fitness & Sports, Health & Beauty, Hobbies & Collectibles, Home, Décor & Furnishings, Jewellery, Kitchen & Home Appliances. Mobiles & Accessories, Movies & Music, Musical Instruments, Services & Real Estate, Tools & Hardware , Toys, Games & Baby, Travel, Tickets & Vouchers, Video & Computer Games, Watches and Everything Else. eBay India is a 100% subsidiary of eBay Inc.

About eBay

Founded in 1995, eBay created a powerful platform for the sale of goods and services by a passionate community of individuals and businesses. On any given day, there are millions of items across thousands of categories for sale on eBay. eBay enables trade on a local, national and international basis with customized sites in markets around the world. Through an array of services, such as its payment solution provider PayPal, eBay is enabling global eCommerce for an ever-growing online community.

eBay is The World's Online Marketplace®.