Indian Business Portal

Key Highlights:

  • Anupriya Patel, the Union Minister of State for Commerce and Industry inaugurated an app on Friday called Indian Business Portal.
  • The portal aims to develop an export ecosystem with startups, SMEs and other small players.
  • The B2B platform has been designed by the Federation of Indian Export Organisations (FIEO) and GlobalLinker.

What Is The Indian Business Portal?

It is a B2B eCommerce portal, that will only be available to exporters registered in India. The portal aims to develop an export ecosystem with startups, SMEs and other small players.

The Portal will also feature an option for business meetings, where exporters can connect with buyers around the world. Along with that buyers can even directly connect with sellers from India if they are interested in smaller quantities.

The Portal’s primary focus is on Geographical Indication (GI) products. Generally, these products are exclusive to certain regions of the country and serve as identifiers for those regions. More than 370 Indian GI categories are been promoted by this portal.

Anupriya Patel, the Union Minister of State for Commerce and Industry inaugurated an app on Friday called Indian Business Portal. The eCommerce portal will help Indian startups, SMEs, artisans and farmers to reach foreign buyers.

The B2B platform has been designed by the Federation of Indian Export Organisations (FIEO) and GlobalLinker. GlobalLinker is a SaaS platform that provides tools to build an online marketplace.

The union minister said, Indian Business Portal will be a big encouragement to Indian startups, SMEs, artisans and farmers and will take them a step towards exporting their products.

As per the report by the Ministry of Commerce and Industry, the overall exports in India touched $676.2 Bn in FY22.

India’s Director General of Foreign Trade; Santosh Kumar Sarangi, said the government is focused on paperless, automated processing systems and simple procedures for trade players to enable easier exports for startups and SMEs, along with artisans and farmers.

According to the report from the ministry, FIEO’s GlobalLinker platform has onboarded more than 14,000 SMEs. Out of these, more than 2,000 have already joined the Indian Business Portal with more than 40,000 products and services listed for the pilot before its launch.

During and after the pandemic, eCommerce demonstrated ‘immense growth’ and supported millions of businesses, according to the Minister of State.

Of India’s 100 unicorns, 23 are from the E-commerce sector, the most of any sector. eCommerce has produced some of the largest unicorns in India, including Flipkart, Nykaa, and Meesho as well as B2B eCommerce players such as Udaan, OfBusiness and others.

 

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