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Sify's proposed subsidiary to invest Rs.150 crore in 12-15 portals

Friday, 22 Sep 2000
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Satyam Infoway's (Sify) proposed 100 per cent subsidiary, Satyam Web Exchange, plans to invest Rs.150 crore in 12-15 portals over the next three years. These portals would cater to various industry segments. Sify would either set up these vertical portals (vortals) on its own or buy a stake in existing vortals.  

 

The company has already launched one such vertical portal that addresses the plastics industry, viz. satyamplastics.com. Another vortal, e-chem.com, addressing the chemicals sector, would soon be launched.

 

The next portal by the company would be meetindia.com, which would aim at linking small and medium export-worthy Indian companies with global buyers. For this purpose, the company has already tied up with the US Business Network.

 

The company would also be launching vortals pertaining to the auto, steel, machine tools, office equipment and other sectors.

 

The company would be roping in industry associations and prospective customers as equity partners in these vortals. This has already been done in the case of satyamplastcis.com and e-chem.com where the company has roped in Indian Plastic Manufacturers’ Association and Indian Chemical Manufacturers’ Association, respectively, as equity partners.

 

 

 

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