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MMTC to revamp e-commerce operations for transaction of gold, silver: Report

MMTC is reportedly planning to revamp its e-commerce operations and putting in place a full-fledged portal for transaction of gold and silver. The idea behind the same is to expand the retail footprint for gold and silver.

The company intends to reach out to a wider customer base through a dedicated portal for bullion transactions. Further, the company has already invited e-bids for deployment of COTS (Commercial off the Shelf) software for its planned e-commerce portal. The selected bidder would be responsible for retail operations, customisation and deployment of COTS software on cloud with maintenance for five years.

MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India.

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