Arcil and mJunction collaboration

This is the amazing step taken :)

Alex, may I call you that?? In fact ICICI is one of the sponsors for this online innovation with IDBI and PnB as well. The company is also a member of the Indian Banks' Association!! Thanks for the supplementary information about Ariba too.  I really think these ventures should be encouraged more. There is ahuge chance of Banks recovering part of their monies which would be eventually put in as write offs and so increase the cash flow in the market. 
The other good thing that comes out of these collabs is that Banks, when flush with funds, would naturally look at rallying on their interest rates thereby making life easier for the mango people!!
Thanks a lot for your contribution Alex!! :))

Great option actually worth looking into. Truly informative, thanks for sharing.

This is indeed a good happening, there used to be this market auction American firm called Ariba which has an office, and has great expertise in this domain. This concept of m-collaboration, market place b2b auctions, reverse auctions, selling and leasing, negotiation in collaborative manner using these auctions, managing tenders was expected to a great driver. Unfortunately, this became one of the biggest victim of post 9/11 crash and the mother of software crash where B2B became synonymous with Back to Bangalore in Silicon Valley and the term Bangalored became a part of folk-lore out there.

I had personally dabbled and read very extensively on literature dished out by Gartner and Anderson that time. Other big time investor was Oracle, and later even SAP went about putting resources. 

S/w companies can avail of this by auction pre-leased properties to set up ODCs. An investor purchasing a prelease can get immediate returns on investment, and has freedom to later rent out his investment for higher returns. Ariba generally supported around 14 kinds of auctions including swaps, options, calls.

Around the beginning of the millenium HDFC and ICICI had supported this innovative idea and I am sure they still would be in a good position to take it up from there. A firm in Mumbai had made attempts to set up a large cotton exchange, but unfortunately government clearances and permissions, lack of policy initiatives killed the venture, following which the whole thing became Pariah !

Issues relating to sales tax, and other such stuff would need careful thought and contemplation, as this concept got blocked and never reached scales due to obstacles placed by government and other visionless mini-bodies.

Thanks for Referral. It's really a great innovation. As Indian Financial system has more than 100,000 crore dud loan I think this innvoation will help in a great deal.

Nice Information Mr. Makrand. Really very informative. Thanks for sharing...

This is good option, thanks for Referral Mr. Bhave !!