Alibaba.com, FIEO to assist Indian SMEs

 CHENNAI, INDIA: Alibaba.com, a small business e-commerce company, has joined hands with the Federation of Indian Exporters Organisation (FIEO) to assist Indian small and medium enterprises (SMBs) in improving global trade prospects.

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

The workshop, expected to be attended by registered members of the FIEO, aims to educate exporters, especially SMEs, about how to grow their businesses globally by reducing funding cost, better managing country and customer risks.

At the workshop, Alibaba.com will illustrate how the Internet can be a cost-effective business tool in identifying potential trading partners across the world.

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

Speaking about the association with FIEO, 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. As a leading global e-commerce platform, which connects buyers and suppliers world over, we have seen an increasing number of buyers in overseas markets who are turning to Indian suppliers to meet their sourcing requirements.

He added, “We are happy to work alongside organisations like the FIEO, who share our vision of taking Indian suppliers to the world, in helping SMEs in the country emerge as globally competitive organisations.”