The Federation of Indian Export Organisations (FIEO) has signed a Memorandum of Understanding (MoU) with the e-commerce enablement platform Shiprocket to help micro, small and medium enterprise (MSME) exporters in India present their products on the Indian Business Portal (IBP), according to a media release.
IBP vendors and FIEO members ship products offered on numerous marketplaces through their B2C orders effortlessly to more than 220 countries, according to Shiprocket, which claims it has already integrated with Amazon, Shopify, and many more.
According to the announcement, FIEO member exporters could select premium economy & express options through the Shiprocket panel. Additionally, a separate helpdesk is set up to resolve inquiries and service issues for the FIEO members quickly. To launch e-commerce exports in a cost-competitive way, FIEO members and SMEs registered on the Indian Business Portal (IBP) can also take advantage of a flat 15% discount on the international shipment tariff.
Ajay Sahai, Director General and CEO of FIEO, said, “Our goal is to assist small-scale entrepreneurs, startups, and MSMEs, even in remote areas of India, so that we can capitalize on the enormous potential of e-commerce retail exports and appropriately reward these small-scale sellers and merchants with global shipping.”
Speaking on the partnership, Akshay Ghulati, Co-founder of Shiprocket, said, “With an increase in digitization in India, sellers from tier 2 & 3 cities are emerging, and they need logistics support. Shiprocket is committed to creating a tech-friendly and inclusive ecosystem for them to ease their business and help them to expand their reach in global markets.”
In addition, Shiprocket said it would provide logistics-related services to Indian Business Portal (IBP) store holders and FIEO members as a value-added service. These services would include domestic shipping, warehousing management services, fulfilment services, and marketing tools, all under the Shiprocket brand.