Home / Knowledge / News / Textiles / Alibaba.com seeks 5 mn more Indian businesses onboard
Alibaba.com seeks 5 mn more Indian businesses onboard
08
Dec '15
Alibaba.com, a B2B arm of China's Alibaba Group, aims to more than double its user base in India over the next few years through on-boarding of over five million businesses on its wholesale trading platform.

Alibaba.com connects buyers and wholesale suppliers globally and has 40 million users worldwide and 4.5 million users in India.

"India is a very important market for us. It is the second largest for us after China. Small and Medium Enterprises (SMEs) are an important contributor to any economy and the same is the case with India... In the next few years, we hope to have 10 million businesses from India on our platform," Alibaba.com's Head of Global Business Development Timothy Leung told reporters in New Delhi.

Leung said that Alibaba aims to support the trading business of SMEs in India to help them grow and scale up. Alibaba.com has partnered with Indian organisations to launch an online platform Small and Medium Industries Leveraging Export (SMILE).

SMILE will provide Indian SMEs access to global business trading counterparts as well as one-stop trading solutions, including financing, logistics (domestic and cross-border), inspections and certifications, technology and SME trade-linked education, he said.

Partners for the SMILE programme in financing, credit rating, software, online lending, transportation, inspection and verification, and online logistics include ICICI Bank, Kotak Mahindra Bank, Crisil Rating, Tally, Capital Float, Jeena, SGS and Mypacco

SMILE will offer combined trading solutions to Indian SMEs. It hopes to make cross-border trading easier that could potentially help over 10 million SMEs in India explore global trading opportunities in a more cost-effect way, Leung said. (SH)

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Mandeep Nagi
Shades of India

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

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

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

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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