TradeIndia plans to digitally empower over 1 million B2B MSMEs in Tamil Nadu this fiscal year
- TradeIndia’s sector first digital lending solution called ‘TI Lending’, which will allow them access to instant business loans & credit facilities of up to 50 lakhs with a disbursal time of 24 hours.
Chennai, 16 November 2022: In its mission to achieve its vision of enabling 63 million+ SMEs to go digital with technology and innovation as enablers, India’s oldest B2B marketplace, TradeIndia plans to bolster its operatio ns and enable more SMEs & MSMEs in Tamil Nadu with digitized solutions. TradeIndia already has a strong foo thold in the region with over 8,00,000+ registered users, the B2B e-commerce giant plans to onboard more bu sinesses from the automobile, leather, textiles & apparels, engineering components to expand its widespread network of manufacturers, distributors, exporters & importers.
Tamil Nadu has the third-largest number of MSMEs in the country with a share of 10.3% and around five million enterprises. It also accounts for nearly 15.24% of India’s micro-enterprises and has the highest number of non-farm units. The MSMEs of Tamil Nadu provide a strong and reliable vendor base to large industries in the State. Through its strategic expansion TradeIndia plans to assist businesses grow by providing them with the solutions to expand their operations & equip them with digital commerce solutions. Furthermore, TradeIndia plans to tack le the capital denial problem in the region by providing businesses with TradeIndia’s sector first digital lending solution called ‘TI Lending’, which will allow them access to instant business loans & credit facilities of up to 50 lakhs with a disbursal time of 24 hours.
Jai Gopal Nair, Sr. Vice President, TradeIndia commented, “ The Indian & state governments have launched va ri ous schemes, policies & initiatives to support the SMEs & MSMEs in the region. Tamil Nadu is a key market for us, Through our digitized solutions we, plan to further catalyze this mission and encourage small businesses to exp and their operations by equipping them with digital solutions & fostering a conducive environment for them to grow. At TradeIndia, our processes envisage bringing the best user experience through technological transform ations and innovation.
We work with a unified purpose of building long terms associations to create an impact that is not limited to customers’ business; an impact that touches their lives. Through our offerings we plan to be enablers in the lifecycle of SMEs & MSMEs by optimizing their business, creating a resilient supply chain & enhancing their market penetration.”
