India plans its own Alibaba

The India Brand Equity Foundation (IBEF) is currently working on an international B2B e-commerce platform along the lines of the comprehensive Chinese e-commerce site Alibaba.com, which will "serve as a one-stop shop for exporters in other countries to buy every product that is made or value added in India, from needles to cars", according to The Economic Times (ET). It is developed exclusively for Indian manufacturers and exporters to sell their products to vendors abroad.