Home / Knowledge / News / Apparel/Garments / Jack Ma discusses small business empowerment with Modi
Jack Ma discusses small business empowerment with Modi
31
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

Two slabs of GST will affect Bengaluru garment units: SIGA

Apparel/Garments | On 23rd Jan 2018

Two slabs of GST will affect Bengaluru garment units: SIGA

The South India Garment Association (SIGA) has voiced its concern...

US FTC updates textile rules to drop obsolete requirement

Textiles | On 23rd Jan 2018

US FTC updates textile rules to drop obsolete requirement

The US Federal Trade Commission has eliminated an obsolete provision...

Indian textile industry at inflection point: Report

Textiles | On 23rd Jan 2018

Indian textile industry at inflection point: Report

The textile and apparel sector of India is at an inflection point...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Urmil Arya

Sushila International, a well established textile organisation established ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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