Indian companies part of new globalisation drive

Source: The Hitavada      Date: 04 Nov 2017 11:18:02

By Aditi Khanna


Nov 3,


A NUMBER of Indian small and medium enterprises (SMEs) are among 70 businesses from countries across the world that have been brought together by a Silicon Valley entrepreneur in an initiative aimed at making globalisation work for every economy. Globality, a start-up founded in California as the world’s first B2B marketplace that matches large multinational corporations (MNCs) with small and mid-sized service providers, believes India and other emerging markets hold great promise in ensuring that SME service firms are not left out of the benefits of globalisation.

“The aim of Globality is to drive the benefits of globalisation deeper into the world’s economies, thereby helping companies meet the goal of creating more inclusive economies,” said Joel Hyatt, the CEO of Globality, who was in London this week to launch the company’s European headquarters in the British capital.

“We are operating in India. The country has tremendous potential to open up opportunities around the world for companies to source in India and for Indian companies to sell abroad. And, what Globality is doing has relevance in every country’s economy,” he said. His company’s model is based on an internet-based platform to create a global marketplace for business to business consulting, from legal to management and advertising, accessible to SMEs as part of the Globality Service Provider Network.