TradeIndia Offers New Chinese Section For Indian SMEs

After the entrance of Alibaba in India. Indian B2B companies are coming up with set-ups to attract new customers and to retain existing customers. In this race, TradeIndia.com has introduced a separate section for China Suppliers to bridge the gap between Indian and Chinese suppliers.

b2b

With the huge growth of Internet in India & China, these markets have shown positive signs of growth and buyers are open as well as keen to deal with each other across geographical boundaries. We are well aware with the popularity of Chinese products in India be it Mobile or Toys.  On other side, Indian handicraft, stones, etc are also very popular in China.

tradeindia

TradeIndia’s new Chinese Supplier section will facilitate Indian buyers to search for Chinese suppliers and expand their business. TradeIndia has divided this Chinese section into 28 categories and has 11,99,829 registered users. Its biggest local competitor – IndiaMART is also offering package of services in the form of lead generation, free catalog, etc. IndiaMART has got  funding from Intel for business expansion and leading professionals have also joined their board of Directors. A study is also being conducted on the Indian SME cluster by D&B and IndiaMART to conduct an in-depth research on six major industrial clusters in the country. Indian SME market is still untapped and it has huge potential of growth.

Take a look at the reach of Indian B2B market players:

tradeindia

The above chart then you can easily analyze that Alibaba’s reach is far beyond the reach of Indian B2B portals. Sulekha is also able to attract fair no. of visitors. However, TradeIndia & IndiaMART is still fighting to prove themselves better and bigger.

Now the question is that ‘Are Indian players truly afraid of competition or are they just trying to prove themselves better than global players?’ Whats your take?

2 Responses to “TradeIndia Offers New Chinese Section For Indian SMEs”

  1. tapesh
    September 4, 2009 at 10:11 pm #

    “However, TradeIndia & IndiaMART is still fighting to prove themselves better and bigger.” one have to understand that we can manipulate any data in so many different ways, if we go on alexa data..and it’s background. Few points are like :

    1. The Indian advertising spends, as a percentage of GDP, is 0.34%, which lags behind other developed and developing countries. Please refer
    http://enil.co.in/radioindustry.html ( although figure is old but if check still ratio is same) & this is we talking about entire advertisement expenditure
    when the matter come on B2B advertisement come in India still it get very hardly attention on this.

    Here in India companies first search for the buyer then only they think for the manufacturing.. and when buyer is start saying them bye bye they go for the
    advertisement. We will hardly find lot of cases where SME’s are not even spending 1% of their turnover in to advertisement.

    2. In China companies get the financial assistance from the their government to support it in India facts is know to every one. Even our former prime minster
    Mr. Rajiv Gandhi had given a public statement that actually people get the 40% of the subsidy given to him….I hope every export companies know how much effort
    they have to put in taking duty draw back…

    It’s a fact..none of Indian companies can grow until and unless they will take their business out of India to avoid such a small problems… they can either earn more
    money from overseas market so that they can get more fund to handle these kind of problem which they are facing in here in India or do any magic so that they
    people became crazy about to buy their services.. because in India the budget of advertisement for a 100 crore movie is higher than 1000 crore turnover company.

    3.Last but not the least as some one had well said ” Arjun ..Arujn is liya tha kyo ke uske Guru Dronchariya the ” So Alibaba is alibaba b/c

    a) Alibaba Group raises US$25 million from Softbank, Goldman Sachs, Fidelity, and other institutions in 1999 only where the companies like IndiaMART get the
    chance of taking the chance of $23 million now here in 2009. …and all of us know what kind pressure you have when you had taken any fund of from any investor..

    b) “2005 Alibaba Group forms a strategic partnership with Yahoo! Inc. and takes over the operation of China Yahoo! ” means more knowledgeable person is with you in Internet industry where the companies like IndiaMART are still running on their internal knowledge. Which has both +ve and -ve both the aspects.

  2. Seema
    September 5, 2009 at 11:53 am #

    @TapeshTiwari

    - Now Indian companies have start realizing the importance of marketing and advertising and Indian advertising expenditure has been increased to 3.4% though its still less as compared to developed countries but its shows good sign of growth.

    - Regarding, Alibaba get funds from many companies & join hands with yahoo. However, IndiaMART have not get funds from any company in past (as per my knowledge) before the entrance of Alibaba in India. In just few months, IndiaMART gets funding from Intel.

    “2005 Alibaba Group forms a strategic partnership with Yahoo! Inc. and takes over the operation of China Yahoo! ” means more knowledgeable person is with you in Internet industry where the companies like IndiaMART are still running on their internal knowledge. “

    Now, experienced and knowledgeable people – Deep Kalra (Founder and CEO of Makemytrip.com) and Dr. Nachiket Mor (President, ICICI Foundation) joined the BOD of IndiaMART.

    It reflects that somewhere down the line IndiaMART is afraid of competition or may be preparing himself for competition and following the footprints of Alibaba to reach at the top.

    But, here the question is ‘How far it’s true that Indian players are truly afraid of competition or are they just trying to prove themselves better & bigger than global players?’

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