Chinese ecommerce giant Alibaba Group Holding Ltd, which operates wholesale trading platform Alibaba.com, has launched an online platform (SMILE) for Indian small and medium enterprises (SMEs).
SMILE, which stands for Small and Medium Industries Leveraging Export, will provide Indian SMEs access to global business trading counterparts as well as one-stop trading solutions including financing, logistics (domestic and cross-border), inspections and certifications, technology and SME trade-linked education, a company statement said.
As per Alibaba, more than 4.5 Mn Indian SMEs are listed on its platform. It aims to connect Indian manufacturers with Chinese suppliers, provide Indian sellers trading support, and facilitate the global sales of Indian products through Alibaba.
“We are excited to team up with credible and capable local Indian enterprises to offer this SMILE program, helping SMEs from India expand their business footprint in an efficient way,” said Timothy Leung, head of global business development, Alibaba.com. “With resources from different enterprises which excel in their own fields, our B2B e-ecosystem can benefit more than 10 million SMEs in India.”
“Our efforts also showcase our commitment to government programmes including “Make in India” and “Digital India” and share the common goal of supporting Indian SMEs grow their business,” he added.
SMILE platform will provide new products and services leveraging the strength and capabilities of the SMEs, such as facilitating access of Indian merchants with good trading record based on their previous logistics and trading history, to local credit line providers.