In a bid to push B2B participation in ecommerce, Alibaba.com, one of the leading small business e-commerce companies, has partnered with Federation of Indian Exporters Organisation (FIEO) to assist Indian small and medium businesses in improving global trade prospects through usages of internet.
According to the company statement, it will participate in workshop on “Trade Risk Management and Sourcing Buyers through the internet” organised by FIEO, in Chennai to drive greater exports from the region.
The workshop, expected to be attended by registered members of FIEO, aims to educate exporters, especially small and medium enterprises, about how to grow their businesses globally by reducing funding cost, better managing country and customer risks. During the work-shop, Alibaba.com will illustrate how the Internet can be a cost-effective business tool in identifying potential trading partners across the world. Currently it has over 2.4 million Indian small businesses as registered members, believes that SMEs in the demographic has 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”.