Alibaba Trade Facilitation Centre Program

2019 ias preliminary exam test series

Alibaba has entered into agreements with new partners in India to explore the establishment of an expanded Trade Facilitation Centre (TFC) program in India.

The new partners include Kotak Mahindra Bank, IDFCBank, Delhivery, DHL and Aditya Birla Finance.

The proposed TFC program would allow SMEs avail special benefits, dedicatedsupport and customised value-added services, besidesproviding dedicated facilities.

While Alibaba.com would work with Kotak Mahindra Bank and IDFC Bank to provide banking, transactional and lending solutions, Aditya Birla Finance would help improve SMEs’ exports process with provision of collateral free loans and customised financing options.

DHL would present Alibaba.com members with Concept 1, a program with one solution for all exports andimports of documents, samples and small shipments, while Delhivery would provide domestic courier and logistics services with free shipments and offer Alibaba.com members special solutions, prices and customer support.

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