Home / Knowledge / News / Textiles / Trade facility centre, Hindi site to boost Alibaba
Trade facility centre, Hindi site to boost Alibaba
01
Feb '16
Global e-commerce giant Alibaba.com has unveiled its first physical trade facility centre in India at Jaipur and a Hindi portal, aimed at connecting small and medium businesses with global buyers.

In a statement, Timothy Leung, Alibaba.com's Head of Global Business Development said, "We are excited about working with our Indian partners to provide comprehensive and dedicated trading solutions for local Indian sellers to explore more cross-border trading opportunities. Our ongoing efforts in India also showcase our long-term commitment to the market."

By providing information and services in Hindi, the site will enable Indian traders, especially those from small cities and rural areas, to easily connect with merchants worldwide, Leung said.

According to the statement, Alibaba.com will make Trade Assurance Programme available on the portal, providing a full set of protections for buyers in global trading.

The e-commerce major will refund Indian merchants for the supplier if the supplier does not meet the shipping time or the quality of products fails to meet contract requirements.

Alibaba group's B2B arm has said it aims to more than double its user base of 4.5 million in India over the next few years by taking on board over five million businesses on its wholesale trading platform.

The company will also offer a collateral-free SME finance support programme.

Jeena and Capital Float will provide the logistics and credit services, respectively, offering financing support to Indian SMEs in cross-border trading based on their historical trade information and credit profile, the statement said.

Alibaba.com plans to open more such centres providing physical and online trade facilitation services in key cities and SME education centres in selected industry hubs. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ashok Desai
Bombay Textile Research Association

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

Marten Alkhagen
Swerea IVF AB

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao
Nayaab

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search