Chinese E-commerce AliBaba All Set To Enter Indian Market This Year

Chinese e-exchange major Alibaba Group is needing to enter India this year and is taking a gander at risks to collect the business normally or through various means. The association said it is surveying all odds to make the business normally or look at some other thing that might come.

"We are planning to enter the e-commerce business in India in 2016. We have been exploring very carefully the e-commerce opportunity in this country, which we think is very exciting on the backdrop of Digital India," Alibaba Group President J Michael Evans said in New Delhi.

To serve both the customers, buyers and small startups and to stick with the history of the company Evans along with Alibaba Group's Global Managing Director K Guru Gowrappan met Telecom Minister Ravi Shankar Prasad on Friday, confirmed the organization's plan to set its foothold in India.

"We have investments in both payments and e-commerce already and we will over the course of next year will figure about exactly what our strategy is," Evans said.

Alibaba has made hobbies in Paytm and Snapdeal. Discussing the meeting, Prasad said: "We trust Alibaba will come and have a better than average foot formed impression in India, including the augmenting business of e-commerce (for which) they are researching the probability. I have said evidently that Alibaba is altogether permitted to come and broaden its foot molded impression in India."

Those who were close to the upcoming plan of the organization stated that Alibaba would particularly mark its presence in the e-commerce field once it sets up itself in the country.

In November 2014, Alibaba creator Jack Ma, who was on his first visit to India, said he would "place more in India, work with Indian representatives and Indian technologists to upgrade the relationship between the two nations".

It's worth mentioning that Jack Ma who happens to be one of the wealthiest persons in China carries a humongous wealth nearly equal to $24 billion (approx. Rs. 1,59,320 crores), set up Alibaba in 1999 in Hangzhou, a capital of east China's Zhejiang locale.

"I explained to them that e-commerce is a rising phenomenon in India with a growth rate of over 60 percent," Prasad said.

Last but not the least, Ravi Shankar Prasad also met Peter Moore (Asia-Pacific head of Amazon Web Services Public section) to get association's course of action inspected so as to allow Peter Moore dispatch a conferred cloud region in India very soon.