New Delhi [India], Feb 8 : India's largest searchable B2B marketplace and exporters directory that connects manufacturers, exporters, suppliers and buyers ExportersIndia has announced that it has registered 25 lakh merchants on its platform.
The company plans to raise that figure to 32 Lakh by the end of this calendar year. The company is confident that with the Indian SME sector projected to be worth USD 25.8 billion and slated to rise as a strong market for emerging technologies within the next three years, the B2B e-commerce space and m-commerce space stands to gain more prevalence in 2017.
"The SME sector in India has witnessed significant growth over the past few years buoyed by factors such as increased adoption of innovative technology, digitization and use of ecommerce platforms to buy and sell products.
Going forward, the implementation of the GST bill, growth of m-commerce, better access to finance and credit instruments will further fuel growth," said Founder and Director ExportersIndia, Sunil Gupta.
"There has been an upsurge in businesses and retailers shifting their loyalties to online business platforms as a result of the recent demonetization drive and the simultaneous efforts to introduce cashless money and digital payment services.
With such market forces at play, our target to bring in 32 lakh merchants on our online platform, is not an over-ambitious target by any means whatsoever," added Sunil Gupta.
"As per a report by KPMG, more than 85 percent SMEs in India use ecommerce to augment their business growth.
Such companies saw a 51 percent increase in revenues and 49 percent increase in profits. We will be launching more and more effective solutions for merchants on our platform and help them expand their business horizons and create online presence for their brands," he added.
ExportersIndia.com aims to target productivity per head and automation to ensure perfect resource utilization and cost management.
Through its services, the enterprise strongly feels that yellow pages directories will soon become a thing of the past as online businesses become more mainstream.