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Alibaba partners with MYPACCO for trade centre in India

Chinese ecommerce player Alibaba has tied-up with Mumbai-based logistics provider MYPACCO as part of its trade facilitation centre (TFC) to boost Alibaba's supply chains in the country. The trade-facilitation centre is a business-to-business platform for global wholesale trade and will offer SMEs options for finance, logistics and credit checks. As part of the deal, MYPACCO will offer freight forwarding, customs clearance, documentation, warehousing, transportation and 3PL services to Indian SMEs through the TFC. Alibaba has also partnered with India's largest private sector lender, ICICI Bank, to provide trade finance and with certification company SGS to provide credit checks and inspections for the TFC. Founded by Vinay Bhartia and Mukesh Agarwal, MYPACCO also works as as an online aggregator and price comparison platform for courier services. Its website says it can ship to over 200 countries and 20,000 pin codes. The company also has a…

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