Latest news with #MSME)Day
The Wire
30-06-2025
- Business
- The Wire
Alibaba.com Launches Trade Assurance in India to Empower SMEs
NEW DELHI, June 30, 2025 /PRNewswire/ -- a leading global business-to-business (B2B) e-commerce platform, today announces the launch of its Trade Assurance service in India, marking a significant step in enhancing the trading experience for Indian small and medium-sized enterprises (SMEs). This service empowers them to manage international transactions with greater confidence, efficiency and security. Coinciding with World Micro, Small, and Medium Enterprises (MSME) Day on June 27th, this initiative highlights the commitment of to supporting global SMEs. Global B2B trade can be fraught with challenges, including concerns over costs, product quality, shipment timelines, and more. Trade Assurance, a proprietary order protection service offered by alleviates some of these risks, providing both suppliers and buyers with confidence throughout the entire transaction process. Suppliers who opt for this service can conduct business with peace of mind, knowing that their transactions are securely safeguarded by a trusted platform. The service stipulates that the buyer makes payment at the time of purchase, with the funds held in escrow by until the buyer confirms the satisfactory receipt of the order within a reasonable timeframe. Participating suppliers stand to gain a significant advantage as Trade Assurance not only enhances buyers' trust in them but also allows them to amass a robust online transaction history, thereby improving their visibility, ranking and exposure on This, in turn, translates to a wealth of future business opportunities for the suppliers. "India is one of high-potential supplier markets, with a robust production capacity and a diverse range of product categories that attract substantial global buyer interest. In recognition of this potential, we have introduced the Trade Assurance service to the Indian market. This service aims to foster trust between Indian suppliers and global buyers, while also streamlining transaction processes. By doing so, we aim to enhance efficiency and unlock new business opportunities for Indian suppliers, thereby contributing to their growth and success," said Rocky Lu, Head of India at Summer Gao, Head of Global Supply Chain Services at , shared, "We are thrilled to bring Trade Assurance to India. Transactions conducted with the Trade Assurance service enable Indian SMEs to build a robust online transaction history, bolster their credit ratings, and enhance their reputation with global buyers. We firmly believe that the comprehensive order protection it offers can reduce trade barriers for SMEs, opening pathways for them to flourish in the global marketplace." About Launched in 1999, is a leading platform for global business-to-business (B2B) e-commerce that serves buyers and suppliers from over 200 countries and regions around the world. It is engaged in services covering all aspects of commerce, including providing businesses with tools that help them reach a global audience for their products and helping buyers discover products, find suppliers and place orders online fast and efficiently. is part of Alibaba International Digital Commerce Group. Logo -
The Star
28-06-2025
- Business
- The Star
Myanmar marks MSME Day with focus on digitalisation
YANGON (Xinhua): Myanmar commemorated Micro, Small, and Medium Enterprises (MSME) Day with a formal ceremony in the capital Nay Pyi Taw on Friday, state media daily The Mirror reported Saturday. Speaking at the event, Deputy Prime Minister and Union Minister for Planning and Finance U Win Shein said that MSMEs are the backbone of the global economy and play a vital role in poverty reduction and achieving long-term sustainable development, the report said. He said that over 90 percent of businesses are under the MSME category, generating between 60 percent and 70 percent of employment opportunities, it said. He also highlighted the necessity for MSMEs to embrace digital systems to survive and thrive in today's rapidly evolving economic landscape, saying that digitalisation enhances operational efficiency, expands access to domestic and international markets, improves customer service, and boosts competitiveness, the report said. Afterward, attendees viewed a video presentation and toured an MSME product exhibition featuring goods from Nay Pyi Taw Union Territory at the event, the report said. Senior government officials, including ministers and deputy ministers of related ministries, attended the event. - Xinhua
Express Tribune
27-06-2025
- Business
- Express Tribune
SMEs with product ideas to compete in US
Listen to article B2B e-commerce platform has announced a newly expanded pitch competition, CoCreate Pitch, which will take place at the company's annual CoCreate event. The competition will allow global small and medium enterprises (SMEs) with product ideas to compete for a $1 million prize pool. Selected SMEs and entrepreneurs from Pakistan will have the opportunity to participate in the US event to be held in Las Vegas from September 4 to 5 this year. In addition to the CoCreate Pitch competition, is also introducing CoCreate Europe, which will be held in London on November 14, coinciding with the World Micro, Small and Medium Enterprises (MSME) Day on June 27. CoCreate Pitch will attract SMEs from around the globe, offering the opportunity for financial support, a diversified supply chain and mentorship. Two grand champions, one from each CoCreate event, will each receive a financial award valuing at $200,000 (50% cash and 50% sourcing credits). Twenty winners will be awarded up to $40,000 each under the same terms. All participants will gain free access to AI-powered sourcing tools and supplier network, enabling rapid prototyping and cost-efficient production. The competition spans two to four months, with submissions evaluated on innovation, feasibility and market potential. Finalists will pitch live at events in Las Vegas. Winners will be selected by a panel of industry leaders and investors. "The passion SMEs will bring to their innovative product ideas, and their entrepreneurial energy, shines brightly on stage," said Kuo Zhang, President of Despite global economic uncertainty, the SMEs continue to demonstrate resilience and a strong capacity to adapt and thrive. Recent data from reveals that SMEs are actively positioning themselves for new opportunities.
New Indian Express
26-06-2025
- Business
- New Indian Express
Dream it, build it
It often starts with a simple idea — a soap handcrafted in a home kitchen, a puzzle designed at the dining table, or a small store on a bustling street deciding to take the plunge online. Ahead of Micro, Small, and Medium Enterprises (MSME) Day (June 27), it's these stories that deserve the spotlight, stories of humble beginnings that dared to grow, adapt, and dream bigger. 'Earthy Sapo started as a passion project, not a business plan,' shares Sheetal Kabra Mohanty, founder of the Hyderabad-based personal care brand. 'When I first began making soaps, I shared them with friends and family and participated in farmers' markets around the city. My goal was simple, to connect with people, understand their skin and hair care concerns, and see if my products could genuinely help. I wasn't in a rush. I spent nearly two to three years just doing that — listening, learning, and gathering honest feedback,' adds Sheetal. What followed was no overnight transformation. Sheetal spent years refining formulations and deepening her understanding of what customers truly needed. 'The response I received was not just positive, it was heartwarming. That's when I began thinking of Earthy Sapo not just as a passion but as a business,' she says. A key turning point came in 2017–18, when a loyal customer encouraged her to explore online retail. 'Amazon was the first e-commerce platform I joined. Their onboarding was seamless, and their vast reach — both across India and internationally which helped me take Earthy Sapo beyond local markets. Their robust logistics, user-friendly tech tools, and deep expertise in online selling made a huge difference. For me, Amazon became the launchpad that transformed Earthy Sapo from a farmers' market brand into one serving customers nationwide and beyond,' she notes.
