logo
close icon

NSIC To Launch B2B Portal For SMEs On The Lines Of Alibaba

Media Nama,

National Small Industry Corporation (NSIC) is set to launch a B2B IT portal for the small and medium enterprises (SMEs), this October, reports PTI. The portal will be on the lines of the global b2b marketplace Alibaba.

NSIC will charge an annual listing fee of Rs 5,000, from the enterprises, which will give them access to a database of 2,50,000 potential customers. According to NSIC, the portal will feature hit counters for individual members that list themselves on the site, virtual buyer-seller meets, in addition to facilitating requests for quotations for business orders. It will offer details about the enterprises including detailed product catalogues and pictures.

Meanwhile Alibaba is expecting a growth of 50% in terms of the number of registered SME’s in India which would take the total number of registered accounts to 3 million. The company launched its India office in August 2010 and has been conducting various events including offline Trade Fairs to expand its presence in the country.

Also, another b2b marketplace portal, IndiaMart recently collaborated with Korea Trade Investment Promotion Agency (KOTRA) to offer a dedicated Korean Products Pavilion section on its website to enable Korean Small and Medium businesses to host microsites or product catalogue pages on IndiaMart and generate leads from Indian buyers.

When it comes to implementing the announcements that it makes, the Government, it seems likes doing things at a leisurely pace, after files travel inter-department, and recommendations are made by different committees. Medianama readers would recall that the Indian Government had announced the launch of a job portal in the Union Budget 2009-2010 which has still not seen the light of the day.

Read more at http://www.medianama.com/2011/06/223-nsic-to-launch-b2b-portal-for-smes-on-the-lines-of-alibaba/

Latest Posts

Budget 2025: What it Means for Your Small Business

Posted on February 3, 2025

Are you a small business, who switched on the TV this Saturday but ended up getting lost in all the long budget announcements? The only...

Read More

GST Registration Process: A complete step by step guide...

Posted on February 3, 2025

If you are running a business in India, GST registration is not an alien word anymore. Any business that supplies services with an annual turnover...

Read More

How to sell online: Get started in 5 simple...

Posted on January 31, 2025

As a small business owner in today’s competitive market, you must have already felt the heat of digital transformation and you are looking to get...

Read More