The road to India B2B market global expansion couldn’t be more promising. Many Indian companies are in a position to capture a big share of the $25.65 trillion global B2B e-commerce market.
Despite infrastructural gaps and complex Crossborder trade regulations India, the Indian B2B e-commerce market alone was valued at $14 billion in 2020, indicating substantial room for growth.
Exploring cross-border commerce
The growth of global commerce can be attributed to three things: digital payment solutions getting smoother, improved trade agreements and online platforms made for trade. These elements combine to create a more accessible international market for Indian businesses.
Mapping the Growth Journey
Indian businesses are wanting growth and are planning to enter countries like Africa, Europe, and Southeast Asia. India B2B market global expansion isn’t easy. Factors like regulations, cultural differences and challenges rising out of crossborder logistics India impacttrade.
Preparing for growth
Success in cross-border commerce doesn’t come easily, but it is possible. If you’re an Indian business looking to expand globally, you can utilize digital platforms. Termed as an online B2B marketplace, rivexa is one such platform that’s turning things around for global buyers and Indian manufacturers.
rivexa simplifies entry into international markets by offering a unique 2-way business system. Indian manufacturers registered on the platform enjoy secure, easier access to global buyers.
On the other hand, global buyers seeking affordable sourcing solutions can approach these Indian manufacturers via the platform. rivexa takes extra steps to curate and verify manufacturers based on strict QC criteria.
Apart from such unique platforms, there are government initiatives like ‘Make In India’ and ‘Digital India’ too. Smaller businesses can using such programs to get the logistics and finance support:
Success Stories: India B2B market global expansion
Infosys and Tata Motors shine as pioneering examples of Indian enterprises that scaled beyond border. What did they do differently? They applied the right B2B market global expansion strategies:
Tata Motors Driving Towards Global Supply Chain Greatness
Tata has built its reputation in many countries. They’ve built manufacturing facilities including a commercial vehicle joint venture in Thailand. Tata combined technology and the right India B2B export strategies to build their global supply chain operations.
Infosys’ Growing Global Reach Using IT
Infosys acquired a prominent global position in IT services, with over 95% of its revenue generated from India’s B2B international markets. It succeeded through its India B2B export strategies. One of these approaches was the GDM or Global Delivery Model used for running development centres. They’ve also partnered with major tech companies like AWS, Microsoft.
What’s next?
India’s B2B trade continues to grow, as more Indian companies look for good global business avenues. Supporting this ambition are emerging technologies like IoT, blockchain and AI.
This path could lead you to your next big business opportunity. If you’re looking for new ways to become a leading global trade player, then we’re co-pilot you need! Contact rivexa to know how to get started.
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