CII joins hands with British e-commerce player for MSMEs

MUMBAI: Industry lobby Confederation of Indian Industry (CII) has teamed up with the England-based CloudBuy to provide an e-commerce platform to its members.

This is designed to help small businesses find markets.

"We believe that the initiative is a simple way to increase visibility. It will provide Indian businesses with a new gateway to the world," CII National SME Council chairman T T Ashok said in a statement issued by CloudBuy.

This is how it will work. Companies can list their products and services for free on the special gateway and carry out trade, it said, adding that the transactions will be secure and the costs will be low.

The interface will allow companies to sell products and services, process inquiries and orders, offer online shopping karts and accept payments