FIEO launches Global Tender Service, global position of Indian exporters will be strengthened

New Delhi, Oct 18 (IANS) The Federation of Indian Export Organizations (FIEO) on Saturday launched the Global Tender Service (GTS) in a transformative move aimed at expanding the global presence of Indian exporters, especially MSMEs. Developed and managed by FIEO, GTS is now available on the Indian Trade Portal, India’s one-stop platform for trade information and facilitation. Dr. Ajay Sahay, Director General and CEO, FIEO, said, “The launch of GTS on Dhanteras is a symbol of new beginnings and prosperity. It is not just a platform but a gateway to the world for Indian exporters.” He further added, “By facilitating access to global tenders, the GTS enables our businesses to compete internationally with confidence and precision. This is an important step in reshaping India’s export strategy for the digital, data-driven era.” It is a subscription-based, real-time tender aggregation platform that provides Indian businesses with access to over 15,000 live international tenders every day, received from over 8,000 verified channels in over 150 countries. “From major development banks to government agencies, PPP bodies, multilateral institutions and global corporations, the GTS directly connects Indian exporters with procurement opportunities that were previously scattered, obscure or difficult to access,” FIEO said in a statement. GTS takes advantage of opportunities from reputed institutions such as World Bank, ADB, UNICEF, USAID and various national and sub-national procurement bodies worldwide. According to Fio, with smart filters, sector and sector-specific dashboards and AI-powered search capabilities, GTS enables users to quickly and accurately locate, shortlist and act on global tender opportunities. The launch of the GTS assumes special significance as India deepens its participation in international trade negotiations, particularly under the India-UK Comprehensive Economic and Trade Agreement (CETA). India has opened up its government procurement sector for the first time under a bilateral trade agreement, which is a major policy change and also gives Indian businesses reciprocal access to UK government procurement opportunities. As India moves forward with similar provisions with other trading partners, Indian exporters will need stronger, real-time visibility into foreign procurement systems. GTS enables them to take advantage of emerging government tenders globally, understand the complex bidding ecosystem and keep up with evolving business obligations. –IANS SKT/