Chinese e-commerce company Alibaba Group is now planning to enter in India this year. Alibaba Group president J. Michael Evans and global managing director K Guru Gowrappan met Communications and on Friday and underlined that company plans to come in India and work to serve both customers, consumers and small businesses because that is the history and the DNA of Alibaba.
Alibaba Group president J. Michael Evans said in New Delhi “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.”
Evans also said “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.”
IT minister Ravi Shankar Prasad said, “We hope Alibaba will come and have a good footprint in India including the expanding business of eCommerce for which they are exploring the possibility. I have said very clearly that Alibaba is quite free to come and expand its footprint in India.”
Prasad also mentioned “Alibaba is very keen to coming to India in a very big way, particularly in the ecommerce sector.” The company is exploring the potential whether to go on their own or set up shop with someone else. “I explained to them that e-commerce is a rising phenomenon in India with a growth rate of over 60 per cent.”
Alibaba was founded by Jack Ma in 1999 and is the largest e-commerce in China. In November 2014, Jack Ma was on his first visit to India, said he would “invest more in India also work with Indian entrepreneurs and Indian technologists to improve the relationship between the two nations.”
Alibaba’s entry into the Indian market will be an interesting scenario as Jack has already invested in two big rival Indian brands “Snapdeal” and “Paytm.”
According to the Associated Chambers of Commerce and Industry, India’s e-commerce market is likely to touch approx $38 billion in 2016, a 67% surge over the $23 billion it clocked last year.
Meanwhile, Prasad also met with Peter Moore who is a Asia-Pacific head of Amazon Web Services (Public sector) discussed the company’s plans to launch a dedicated cloud region in India later this year.