In order to expand its business frontier in India, Chinese ecommerce giant Alibaba is looking forward to invest more in the country. Apparently this initialization will definitely help small scale business firms in India to grow successively.
During a visit to India, Chairman of Alibaba Jack Ma met Indian PM Narendra Modi and gave emphasis on his business strategies. This is for the second time he visited to India in last 4 months. Previously he couldn’t able to discuss it in a high level.
Coming to the strategy of the firm, they are planning to initiate public share offering which can help small business firms in India dealing in spices, chocolates, tea and so on. one of the key point of this meeting was discussion on next three years plan of globalization of the firm so that it will practically help empower small businesses in India as well as in other countries.
Official Statement from Jack Ma
Addressing a business event, the Chairman of Alibaba Jack Ma reported that, “Over the next three years, one of the key strategies for Alibaba is to globalize and to make sure that we can help more small businesses around the globe, use our services to do businesses.”
This is not for the first time that the Chinese ecommerce giant initiates its business expansion in India, during his last visit Jack Ma showed his keen interest towards the investment of more funds in India especially with technology entrepreneurs.
He stated in his last visit that, “more in India, work with Indian entrepreneurs and technology companies as the internet has the potential to transform any country’s future opportunity.”
Some Twits from Both Ends
Had a very good meeting with Jack Ma – PM Narendra Modi
Jack meets Indian Prime Minister Narendra Modi to discuss how Alibaba can help empower small businesses in India – Alibaba Group