Home / Knowledge / News / Apparel/Garments / Jack Ma discusses small business empowerment with Modi
Jack Ma discusses small business empowerment with Modi
Mar '15
Mr. Jack Ma (Left) with Mr. Modi/PIB
Mr. Jack Ma (Left) with Mr. Modi/PIB
Jack Ma, founder and executive chairman of Chinese e-commerce giant Alibaba Group called on Prime Minister Narendra Modi in New Delhi, during his second visit to India in just about four months.
In his meeting, Ma discussed with Modi how Alibaba can help small businesses in India, the Hangzhou-based company said.
Post-meeting, Modi tweeted “Had a very good meeting with Jack Ma”. In a separate tweet, Alibaba Group said, “Jack meets Indian Prime Minister Narendra Modi to discuss how Alibaba can help empower small businesses in India.”
Ma, the richest person in China with wealth of around US$ 24.4 billion, could not meet Modi during his last India visit in November 2014.
During the visit, Ma had said that Alibaba was keen on investing more in India, and the group would work with Indian technology entrepreneurs as Internet could transform the country’s future.
“We will improve our platform and technology in the future. Internet is changing the world and Internet will change India too,” Ma had said at an event during the visit.
In terms of gross merchandise value (GMV), Alibaba was the world’s largest online and mobile commerce company in 2013, according to research firm IDC.
One of the key strategies of the Chinese Business-to-Business (B2B) e-commerce company is to have worldwide presence in order to help more small businesses across the globe.
In September 2014, Alibaba raised a record $25 billion through initial public offering (IPO) in the US.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search