TEXchange automates and centralizes the entire trading process for buyers and sellers by making, buying, selling, importing, and exporting textile products, including greige and RFD yarns, fibers, and knitted and woven textiles, digital and approachable.
Owing to its tagline, “Don’t go to the market, let the market come to you,” TEXchange provides fabrics suppliers zero wastage of time, 10 times more business opportunities than traditional buying, 3 times more return on investment (ROI), and 100% security and transparency in business.
This is a decade for digitalization and centralization. The current era is about making the strongest connections globally through tailored technology-based solutions. And TEXchange provides a perfect opportunity for textile buyers to source unique, natural, and synthetic fabrics and expand their business overseas through the platform’s powerful automation tools and insightful features, like TEXauction and TEXbulletin.
How Can You Buy Cotton Fabric Online from India through TEXauction
TEXauction is the quickest, smartest, and fastest approach to buy textiles online. The industry’s first initiative allows buyers to custom-create bids for inquiries and float them on the platform for four to eight hours. As the market opens, buyers can receive instant responses from the bidders, i.e., potential suppliers, with the best market value, quantity, and quality for the inquiry. The bidder who has the closest match to the requirement gets the deal.
For instance, let’s say you want to buy cotton yarn online and are looking for manufacturers from Delhi and China to accommodate your needs. You create a bid or an inquiry stating your company requirements, like the quantity (50 kgs), quality (organic, greige), destination (Russia), date (in 3 weeks), and price range ($80 - $100 per kg). Depending upon your urgency to close the deal, you float the bid for four or eight hours.
Once the market opens for trading, TEXchange Smart ERP will notify all the yarn suppliers in India and China about your requirements. The suppliers will start bidding on the TEXauction tool and their value. The supplier that closely matches your requirement – offers 45Kgs, of greige yarn in Russia in 3.5 weeks for $105 per kg – gets the deal automatically.
Usually, it takes 2 to 3 days to buy fabric online in India through TEXchange and 2 – 3 weeks through the traditional approach. But, TEXauction allows you to close a deal in less than a day, speeding up the process 100 times.