MYPACCO, a Mumbai based one-stop end-to-end logistics solutions provider has tied up with the Chinese e-commerce giant Alibaba as part of its TFC (Trade Facilitation Centre) initiative.
Besides China, Alibaba is planning to expand in other parts of the world and its TFC initiative will help it in achieving its goal of global presence.
TFC is a leading B2B brand under Alibaba and its Indian branch in tie-up with MYPACCO will aim to improve trade ecosystem in the country by offering SMEs options such as finance, freight, and credit.
This one-stop solution of freight, finance, and credit will help the SMEs in expanding outside India without worrying about all these hassles.
“With the Trade Facilitation Center, Alibaba.com will be able to offer Indian SMEs convenient access to various financing, credit and logistics services provided by collaborative partners like MYPACCO, allowing the SMEs to expand their businesses throughout India and beyond,” said Bhushan Patil, Channel Director of Alibaba in India.
As a part of this arrangement, MYPACCO will offer services such as customs clearance, freight forwarding, documentation, warehousing, transportation and 3PL to SMEs in the country via its India based TFC.
“The Trade Facilitation Center initiative of Alibaba.com is a big step for making trade easy for the SMEs in India. With this initiative in place, Indian SMEs can now focus on their businesses and MYPACCO shall take care of the entire fulfillment logistics demand. With these hurdles of finance, credit and logistics sorted through the Trade Facilitation Center, Indian SMEs will now be able to exploit huge opportunities that exist at the bottom of the pyramid,” said Vinay Bhartia, Co-Founder & CEO of MYPACCO while explaining the importance of this tie-up.
Alibaba has also inked a deal with India’s leading private sector bank, ICICI Bank, for providing trade finance, credit checks, and inspections for its India-based TFC.
Our Take
Alibaba and MYPACCO partnership can go a long way in improving and expanding the businesses of small and medium-scale Indian companies in the rest of the world. The business owners will now only have to take care of their goods and the rest shall be taken care by Alibaba’s Trade Facilitation Centre in India.
Alibaba had also acquired 25% stake in Paytm for $650M in February 2015. In a recent announcement it had revealed that it wants Paytm to list products from its 100,000 Aliexpress sellers. That was done to take Aliexpress (Alibaba’s own online shopping portal) global. And now this tie-up with MYPACCO is sure to make Alibaba a popular e-commerce company in India.
