India Government to Launch Online Business Portal

Posted by Joachim Bartels | Aug 26, 2011 | India, Information Services for Microfinance, Information Solutions for SMEs, SME Access to Finance Issue | 0 |

The government of India will launch an online platform in November this year in order to provide information about Indian micro, small and medium enterprises (MSMEs) with the central aim of attracting foreign business partners. The National Small Industries Corporation (NSIC), which operates under the MSME Ministry, will be responsible for the development of the website. According to media reports, the new service will be an “extensive portal similar to Alibaba.com.”

The Indian government is expecting this new service to help expose Indian MSMEs to more than 25,000 potential international customers. Apart from listing information about the companies and their products, for an annual fee of US$109, NISC will also offer services such as alerts and updates regarding global tenders.

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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