New Delhi,India-April12,2012:The Federation of Indian Exportrs Organisations FIEO-the apex body of all export promotion council,commodity boards and exports development authorities in the country,eBay -India's leading eCommerce market place,and PayPal-the leading global online payment provider,today formally announced their tie-upwill stimulate the growth of Indian retail exports to 100 million plus international consumers in 190 market and accept payments in up to 25 currencies.
FIEO President Rafeeque Ahmed advised the exporters to take to aggressive market strategies.He further said,"Exports through e-commerce in the last three years have increased by
400 percent to $1.4 billion. It is expected to grow many-fold in the
coming years," he said the tie-up with eBay and PayPal would provide FIEO members an
access to a target audience of over 100 million active eBay and PayPal
users across the world.Ahmed said the tie-up would help especially the small and medium
enterprises, who don't have enough resources to reach to customers
outside the country."The marketing effort, which is quite a costly affair, will be
drastically reduced for these companies with elimination of markup cost
of intermediaries,"President said.
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