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

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Lynda Kelly
Suominen Corporation

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

Urs Stalder
Sanitized AG

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

Mark Paterson
Technical Absorbents Ltd

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search