Chennai , 16 November 2022 : in its mission to achieve its vision of enabling 63 million+ SMEs to go digital with technology and innovation as enablers , India’s oldest B2B marketplace , Tradeindia plans to bolster its operations and enable more SMEs & MSMEs in Tamil Nadu with digitized solutions . Tradeindia already has a strong foothold in the region with over 8,00,000+ registered users , the B2B e – commerce giant plans to onboard more businesses from the automobile , leather , textiles & apparels , engineering components to expand its widespread network of manufacturers , distributors , exporters & Importers.

 Tamil Nadu has the third – largest number of MSMEs in the country with a share of 10 3 % and around five million enterprises . It also accounts for nearly 15.24 % of India’s micro – enterprises and has the highest number of non – farm units . The MSMEs of Tamil Nadu provide a strong and reliable vendor base to large industries in the State . Through its strategic expansion Tradeindia plans to assist businesses grow by providing them with the solutions to expand their operations & equip them with digital commerce solutions . Furthermore , Tradelndia plans to tackle the capital denial problem in the region by providing businesses with TradeIndia’s sector first digital lending solution called TI Lending ‘ , which will allow them access to instant business loans & credit facilities of up to 50 lakhs with a disbursal time of 24 hours.

 Jai Gopal Nair , Sr. Vice President , Tradelndia commented , The Indian & state governments have launched various schemes , policies & initiatives to support the SMEs & MSMEs in the region . Tamil Nadu is a key market for us , Through our digitized solutions we , plan to further catalyze this mission and encourage small businesses to expand their operations by equipping them with digital solutions & fostering a conducive environment for them to grow . At Tradeindia our processes envisage bringing the best user experience through technological transformations and innovation . We work with a unified purpose of building long terms associations to create an impact that is not limited to customers ‘ business ; an impact that touches their lives . Through our offerings we plan to be enablers in the lifecycle of SMEs & MSMEs by optimizing their business , creating a resilient supply chain & enhancing their market penetration