The Federation of Indian Export Organizations (FIEO) and Shiprocket, an e-commerce enabling platform, have signed a Memorandum of Understanding (MoU) to promote micro, small, and medium-sized enterprises (MSME) exporters in India presenting their products on the Indian Business Portal (IBP).
The Shiprocket panel now offers premium economy and express alternatives to FIEO member exporters. Additionally, a specialised helpdesk is developed for the quick settlement of questions and service difficulties of the FIEO members. To launch e-commerce exports in a cost-effective manner, FIEO members and SMEs registered on the Indian Business Portal (IBP) can take advantage of a flat 15% reduction on the international shipment tariff. As an added benefit to IBP store owners and FIEO members, Shiprocket will also provide logistics-related services, such as domestic shipping, warehousing management services, fulfilment services, and marketing tools, all under the Shiprocket brand.
“Our goal is to support small-scale entrepreneurs, start-ups, and MSMEs, even in remote areas of India, so that we can capitalise on the immense potential of e-commerce retail exports and appropriately reward these small-scale sellers and merchants with global shipping,” said Ajay Sahai, DG FIEO.
According to Akshay Ghulati, co-founder of Shiprocket, “sellers from Tier-2 and Tier-3 cities are growing, and they need logistics support.” In order to facilitate their business operations and aid in their expansion into international markets, Shiprocket is dedicated to developing a tech-friendly and welcoming ecosystem for them.