CII and Alibaba signed agreement to provide global platform to Indian SMEs

Jan 21, 2015 19:17 IST

Confederation of Indian Industry (CII) and China's e-commerce giant Alibaba on 20 January 2015 signed an agreement to provide global platform to Indian small and medium enterprises (SMEs).

The agreement will facilitate greater economic engagement between Indian and Chinese SMEs.

Alibaba.com and CII will collaborate and develop various trade opportunities and online promotions to facilitate greater economic engagement between Indian and Chinese small and medium enterprises (SMEs). CII and Alibaba.com will also work jointly towards providing trainings, promoting Industry clusters for SMEs in some key business sectors.

Alibaba will work with CII to run their e-certificates programmes in India. The agreement is a step forward in forging greater partnerships, engagement between Indian and global business especially among SMEs.

India's manufacturing and services sector will be able to achieve the objectives of building greater India-China SME engagement by benefiting with the expertise of Alibaba.com in the digital space.

The agreement will help to support the transfer and expansion of knowledge and technology for forging strategic partnerships, collaborations, joint ventures, joint research and development leading to new innovations and help Indian SMEs build brand image at B2B and business-to-consumer (B2C) levels leading to increased trust, confidence and business engagement.

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Read more Current Affairs on: CII and Alibaba , signed agreement , Indian SMEs

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