Alibaba.com, exporters body in pact to assist SMEs

The Business Line

Chennai, Feb. 17:   E-commerce site Alibaba.com has joined hands with the Federation of Indian Exporters Organisation to assist Indian small and medium businesses in improving global trade prospects.

Alibaba.com will participate in a workshop on ‘Trade Risk Management and Sourcing Buyers through the Internet' organised by the exporters body in Chennai, in an effort to drive greater exports from the region.

The workshop aims to educate exporters, especially small and medium enterprises, on how to grow their businesses globally by reducing funding cost, better managing country and customer risks.

Alibaba.com, which has over 2.4 million Indian small businesses as registered members, believes that SMEs in Tamil Nadu have a great potential to attract global buyers in various industries including machinery, agriculture, food & beverage, health and medical, minerals and metallurgy.

Mr Nayan Thakkar, Manager, Sales and Customer Support, Alibaba.com-India, said, “The Indian SME sector is a robust segment, growing at a rapid pace, providing numerous employment opportunities and contributing greatly to the Indian economy.