Alibaba to assist Indian SMEs in global trading 

Global e-trader Alibababa.com on Monday announced offering Indian small and medium enterprises (SMEs) a common platform for their global trading needs.

they have tied up with five partners to set up a Trade Facilitation Centre (TFC) programme for providing Indian SMEs customised services in global trading , The five partners are Kotak Mahindra Bank, IDFC Bank, Delhivery, DHL and Aditya Birla Finance Ltd.

The TFC will aim to drive greater participation of Indian SMEs in the international trade and business market & also avail SMEs with special benefits, value-added services and dedicated facilities

Kotak and IDFC will provide banking, transactional and lending solutions, Aditya Birla will improve SMEs exports process with collateral-free loans and financing options, DHL will present Alibaba’s members a programme (Concept 1) for export and import of samples and Delhivery courier and logistics services with free shipments.

Alibaba Global MD & India Head K. Guru Gowrappan said that The TFC programme is our commitment to support inclusive global trade for SMEs, which is the mission of the eWTP (electronic World Trade Platform) proposal initiated by our group’s Founder and Executive Chairman Jack Ma.

Alibaba.com has been operating in India since 2007. The marketplace had six million registered Indian buyers and sellers as of early 2016.