Alibaba Cloud set to invest heavily in Indian MSMEs

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Alibaba Cloud has joined hands with IT and digital service firm ONGO Frameworks for extending its services to 100,000 Micro, Small and Medium Enterprises (MSMEs) in India, by December 2019. That is what the first phase of the endeavor would focus on.

cloud_opportunities“With the Indian government pushing towards data localization, there is a sea of opportunity for the company to grow in India. Having started its first data centre in Mumbai in January, followed by another in September, the Alibaba Group subsidiary has been growing many times faster than the growth rate of the cloud industry in India,” said Alex Li, General Manager, Alibaba Cloud India.

“India is a very promising market for everyone. According to Gartner, the cloud market in the country grew by 37 percent in the last fiscal year. But growth for Alibaba was much higher and multiple times of that figure. We have a very aggressive growth plan for India and it’s a major market for us,” added Li.

In a bid to enter into strong competition with competitors like Amazon Web Services, Microsoft Azure and Google Cloud, Alibaba Cloud is planning to expand its operations in India. Initially, the firm is singing more partnerships, increasing the target base to be inclusive of various enterprises as well as making inroads into government machinery.

Alibaba Cloud has already joined hands with the government of Andhra Pradesh on a project and in the next phase, it is looking forward to work with other state governments with focus areas such as consulting, technology and SME partnerships.

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