India to launch global portal like Alibaba.com for SMEs

Initiative part of the recommendation by the Prime Minister's Task Force Report on MSME to improve marketing and promote Information and Communication Technology in Indian manufacturing sector

PTI | August 23, 2011



In order to attract foreign players in the SME segment, the government will this year launch a portal providing information about small and medium companies, which contribute 45 per cent to the country's manufacturing output.

"We will be able to launch a world-class portal by November this year," Micro, Small and Medium Enterprises (MSME) Secretary Uday Kumar Varma told PTI.

He said that through this portal, Indian SMEs could gain access to about 2.5 lakh potential customers across the globe. The foreign players can gather information like number of enterprises in specific sectors, their location and products manufactured.

"It is going to be an extensive portal like what China has - Alibaba.com - something on those lines but tailored to our situation," he added. National Small Industries Corporation (NSIC), a mini-ratna enterprise under the MSME Ministry is developing this website.

Further, he said that NSIC would charge enterprises an annual fee of Rs 5,000, for its special services like alerts, latest updates and about the global tenders.

The initiative is a part of the recommendation by the Prime Minister's Task Force Report on MSME to improve marketing and promote Information and Communication Technology in Indian manufacturing sector.

There are 26 million MSMEs which employ almost 60 million people in the country. They contribute almost 45 per cent to the country's manufacturing sector.

Comments

 

Other News

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff

Making AI work where governance is closest to people

India’s next governance leap may not solely come from digitisation. It will come from making public systems more intelligent, more adaptive, and more responsive to the dynamics at the grassroots. That opportunity is especially significant at the panchayat level, where governance is not an abstract po

Borrowing troubles: How small loans are quietly trapping youth

A silent crisis is playing out in the pocket of young India, not in stock markets or government treasuries, but in smartphones of college students and first-jobbers who clicked on the Apply Now button without reading the small print.  A decade ago, to take a loan, you had to do some paperwor

A 19th-century pilgrim’s progress

The Travels of a Sadhu in the Himalayas By Jaladhar Sen (Translated by Somdatta Mandal) Speaking Tiger Books, 259 pages, ₹499.00  

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter