Home / Knowledge / News / Apparel/Garments / Alibaba's Jack Ma wants to invest more in India
Alibaba's Jack Ma wants to invest more in India
Nov '14
Mr. Jack Ma/c: FICCI
Mr. Jack Ma/c: FICCI
Jack Ma, executive chairman of China-based ecommerce powerhouse Alibaba Group, has said that he wants to invest more in India.
Ma, who is currently visiting India, was addressing the ‘India-China (Zhejiang) Business Cooperation Conference’, organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with the Zhejiang Federation of Industry and Commerce, in New Delhi.
Ma said India-China business cooperation had a lot of potential and he was hopeful of closer business ties between Indian and China and more Indian vendors selling products to Chinese users via Alibaba.
He added that India is a great nation with many young people and has great products that can sell through his platform in China. “Right now it’s a wonderful time for India and China to do business, particularly after the visit Chinese President to India,” he said.
“We will improve our platform and technology in the future. Internet is changing the world and Internet will change India too,” Ma added.
Ma said he was inspired by the business-friendly climate being created in India under Prime Minister Narendra Modi.
During his visit, Ma has reportedly met several Indian entrepreneurs, including Kunal Bahl, founder of Snapdeal, one of the well-known e-tailers in the country.
Alibaba recently issued its record US$ 25 billion initial public offering (IPO) in the US.
The 50-year-old former English teacher is currently the wealthiest man in China with a networth of more than $20 billion.
India’s ecommerce sales stood at around $2 billion in 2013, and are expected to touch $15 billion by 2016, as the rising Internet penetration will lead to more people purchasing online. (RKS)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search