TradeBuilders' First Virtual Trade Mission Between U.S., India to Focus on Software Industry

Apr 16, 2001, 01:00 ET from TradeBuilders

    WASHINGTON, April 16 /PRNewswire/ -- TradeBuilders, a Washington, DC-based
 company, will conduct a virtual trade mission linking firms in the United
 States and India that begins today and will continue through Friday, May 18.
 The virtual trade mission will help U.S. firms build valuable relationships
 with leading software companies in India, most of which are located in
 Bangalore, often called India's Silicon Valley.
     The Web-based virtual trade mission will enable participating companies to
 build relationships through online meetings and a videoconference on May 18.
 More than 20 firms in India and 20 firms in the United States have registered
 for the virtual trade mission. U.S. companies may continue to register for the
 virtual trade mission through April 20.
     TradeBuilders' proprietary process includes expert business facilitation
 and online coaching.  U.S. companies can use the virtual trade mission to
 build business relationships with Indian software developers, and identify
 partners for selling, outsourcing, joint venturing, and/or investment.
 According to Virginia Littlejohn, Chairman of TradeBuilders: "Global markets
 are expanding as trade barriers come down, trade agreements multiply and
 e-commerce explodes.  But barriers still exist -- a lack of trade knowledge
 and experience, the high cost of traditional trade missions, and archaic
 supply chains and infrastructure."
     According to Littlejohn, TradeBuilders helps companies go global through
 an Internet portal that cuts costs and reduces risks; simplifies trade and
 increases opportunities; offers technical assistance; develops trade
 capability; improves the supply chain process; and creates access to finance
 and investment.
     Elizabeth Vazquez, President of TradeBuilders, points out that
 "Traditional trade missions focus primarily on large companies offering
 products.  They are time-consuming and expensive -- costing anywhere from
 $2,500 to $15,000 -- and require a high level of trade expertise.  But virtual
 trade missions are open to companies of any sizes offering products or
 services, require much less time and expense -- typically $100 to $1,000, and
 assist companies with developing their trade expertise."
     TradeBuilders is working on this pilot virtual trade mission between India
 and the U.S. in coordination with the Electronics and Computer Software
 Promotion Council (ESC), part of the Indian Government's Ministry of
 Information Technology; India's largest B2B exchange, indiamarkets.com; the
 Association of Women Entrepreneurs of Karnataka; Cvent; and Caucus
 Systems, Inc.
     In 1998, the founders of TradeBuilders conducted the world's first virtual
 trade mission involving 56 companies in Canada, Malaysia and Singapore; the
 mission resulted in 16 business agreements.  Last year, TradeBuilders
 conducted a virtual trade mission between Canada and the United States that
 involved 44 companies and resulted in 22 business agreements.
     TradeBuilders' virtual trade missions were cited as a global best practice
 at the COMDEX 2000 show in Las Vegas and at the Organization for Economic
 Cooperation and Development's 2000 Conference on Globalization and the
 Knowledge-based Economy in Paris.
     U.S. companies interested in participating in the virtual trade mission
 can apply online at http://www.tradebuilders.com or contact Elizabeth Vazquez
 at (202) 237-5703, evazquez@tradebuilders.com .
 
 

SOURCE TradeBuilders
    WASHINGTON, April 16 /PRNewswire/ -- TradeBuilders, a Washington, DC-based
 company, will conduct a virtual trade mission linking firms in the United
 States and India that begins today and will continue through Friday, May 18.
 The virtual trade mission will help U.S. firms build valuable relationships
 with leading software companies in India, most of which are located in
 Bangalore, often called India's Silicon Valley.
     The Web-based virtual trade mission will enable participating companies to
 build relationships through online meetings and a videoconference on May 18.
 More than 20 firms in India and 20 firms in the United States have registered
 for the virtual trade mission. U.S. companies may continue to register for the
 virtual trade mission through April 20.
     TradeBuilders' proprietary process includes expert business facilitation
 and online coaching.  U.S. companies can use the virtual trade mission to
 build business relationships with Indian software developers, and identify
 partners for selling, outsourcing, joint venturing, and/or investment.
 According to Virginia Littlejohn, Chairman of TradeBuilders: "Global markets
 are expanding as trade barriers come down, trade agreements multiply and
 e-commerce explodes.  But barriers still exist -- a lack of trade knowledge
 and experience, the high cost of traditional trade missions, and archaic
 supply chains and infrastructure."
     According to Littlejohn, TradeBuilders helps companies go global through
 an Internet portal that cuts costs and reduces risks; simplifies trade and
 increases opportunities; offers technical assistance; develops trade
 capability; improves the supply chain process; and creates access to finance
 and investment.
     Elizabeth Vazquez, President of TradeBuilders, points out that
 "Traditional trade missions focus primarily on large companies offering
 products.  They are time-consuming and expensive -- costing anywhere from
 $2,500 to $15,000 -- and require a high level of trade expertise.  But virtual
 trade missions are open to companies of any sizes offering products or
 services, require much less time and expense -- typically $100 to $1,000, and
 assist companies with developing their trade expertise."
     TradeBuilders is working on this pilot virtual trade mission between India
 and the U.S. in coordination with the Electronics and Computer Software
 Promotion Council (ESC), part of the Indian Government's Ministry of
 Information Technology; India's largest B2B exchange, indiamarkets.com; the
 Association of Women Entrepreneurs of Karnataka; Cvent; and Caucus
 Systems, Inc.
     In 1998, the founders of TradeBuilders conducted the world's first virtual
 trade mission involving 56 companies in Canada, Malaysia and Singapore; the
 mission resulted in 16 business agreements.  Last year, TradeBuilders
 conducted a virtual trade mission between Canada and the United States that
 involved 44 companies and resulted in 22 business agreements.
     TradeBuilders' virtual trade missions were cited as a global best practice
 at the COMDEX 2000 show in Las Vegas and at the Organization for Economic
 Cooperation and Development's 2000 Conference on Globalization and the
 Knowledge-based Economy in Paris.
     U.S. companies interested in participating in the virtual trade mission
 can apply online at http://www.tradebuilders.com or contact Elizabeth Vazquez
 at (202) 237-5703, evazquez@tradebuilders.com .
 
 SOURCE  TradeBuilders