Get All Access for $5/mo

PayPal Signs MoU With IIFT; Launches India Digital Trade Facilitation Forum Digital Export Facilitation Forum will host expert discussions, train the MSME exporters through masterclasses, and conduct research to help them leverage trade opportunities

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

IIFT

To help increase the knowledge base of Indian MSMEs, digital payments firm PayPal today signed a Memorandum of Understanding (MoU) with the Indian Institute of Foreign Trade (IIFT).

The partnership is aimed at launching the India Digital Trade Facilitation Forum (IDTFF) for micro, small & medium enterprises (MSMEs). The IDTFF will facilitate education, training, and capacity building to empower MSMEs and help scale their businesses across global markets using digital platforms. It would also l serve as a platform to address export issues while equipping small businesses with the necessary tools to expand their consumer base and reach a global audience.

The focus of the forum orbits around educating, guiding, and raising awareness amongst MSMEs about marketing, scaling, digitalization and exports through masterclasses led by subject experts. Virtual webinars will also be hosted with industry experts, traders, and policymakers on ongoing challenges and policy discussions.

"The India Digital Trade Facilitation Forum is a great initiative and one which recognizes the need to train our MSMEs and freelancers to tap into the global digital commerce opportunity. I extend my support and best wishes to PayPal and IIFT, for taking an ecosystem approach and partnering with small businesses," said Bdiyut Behari Swain, Secretary of Ministry of MSME.

According to Nath Parameshwaran, Senior Director, Corporate Affairs, PayPal India it is an opportune time for MSMEs to leverage cross-border eCommerce to grow exports supported by an enabling export policy framework. The MSME community will play a key role in realizing PM Modi's mission of $400 billion exports target by this year and his long-term vision of $5 trillion economies, he said.

"One of the most critical issues impacting the activities of small exporters, who are also at the forefront of India's exports, relates to the uncertainty of payments from international transactions. And that's where PayPal has been playing a pivotal role in facilitating online payments and instilling confidence among India's exporters to engage in digital trade – which, undoubted," added professor Manoj Pant, vice chancellor, IIFT.

Prabhjeet Bhatla

Former Staff

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Growing a Business

5 Effective Strategies to Boost Your Business's Online Presence

Boosting your online presence in 2025 is the key to success for businesses looking to grow. Working on your branding and reputation management is important to drive more sales and improve conversion.

Growing a Business

Why Business Owners Should Streamline Their Operations Now for Success in 2025

As the holiday season and year-end approach, business owners face heightened operational demands, from inventory management to spend control. By streamlining these processes and partnering with flexible suppliers, businesses can maintain efficiency, meet customer needs and focus on growth while navigating this busy period.

Growing a Business

How to Spot Trends and Anticipate Market Shifts Before Your Competition

Discover how to identify disruptive trends before your competitors by mastering the art of anticipating market shifts. Learn strategies for staying ahead and gaining a competitive edge in business.