India Development News & Foreign Investment Opportunities

Indian forwarders join GeTS






A total of 6,000 members Federation of Freight Forwarders’ Associations in India (FFFAI) will joined interconnected & vibrant e-trade (hive) platform of Global eTrade Services (GeTS).

GeTS has signed a memorandum of understanding with FFFAI, it was announced on 28 September 2018.

Launched in November last year, hive is a trade facilitation platform connecting government agencies, e-commerce and logistics businesses, freight forwarder communities – along with their customers – on a collaborative single window.

Held in conjunction with the FIATA World Congress 2018 in New Delhi, India, the signing of FFFAI as a partner on the hive platform will connect FFFAI’s members in the Indian sub-continent to new trade partners currently on hive, bringing the total number of connected parties on the platform close to 10,000.

Powered by GeTS, a subsidiary of CrimsonLogic (the leading provider of eGovernment products and services headquartered in Singapore), the hive platform makes trade easier, more accessible and predictable by enabling businesses to meet trade compliance requirements of 24 Customs nodes worldwide.

Users will also be able to search and connect with more than 4,000 businesses who are already presently on the platform, using hive’s Partner Discovery Service.

Continuing to expand on its service offering, hive is also adding new capabilities to the platform to enhance its overall value proposition.

Soon-to-be-launched features include allowing members to post quotation requests online to obtain instant price quotations, and a messaging function, which allows for members to interact with each other.

The messaging function also allows for group chats to be formed for greater collaboration between members through the platform.

Eugene Wong, Chairman of CrimsonLogic and GeTS said: “hive was conceptualized to enhance cross border trade and build on synergies and connect more trade partners onto a Global Open Platform.”

“Today’s partnership signing and joining the hive platform bears true testament to our lasting commitment to increase trade efficiencies across geographies and to enable businesses to reach peak efficiency, productivity, and growth,” said Wong.

hive is also in the midst of exploring partnerships with other regions. This includes the rest of the other ASEAN + 6 countries – China, Japan, South Korea, Australia and New Zealand as well as Latin America.

Members can look forward to easier and more seamless access to these markets as these partnerships continue firming up.

Chong Kok Keong, CEO of Global eTrade Services (GeTS), Assistant CEO of CrimsonLogic said: “Our partnership with FFFAI represents one of the most significant milestones for hive.

“Through this partnership alone, we’ve doubled the number of partners that are on our growing platform, helping us deliver new possibilities and opportunities to hive members. GeTS will continue to focus on making trade easier, more accessible and predictable as we continue to expand throughout and beyond Asia,” said Chong.

A.V. Vijaykumar, Chairman of FFFAI said: “ASEAN is of great economic significance and interest to Indian businesses.

“As one of the world’s fastest-growing economic trading blocs, it makes sense for businesses in our economy to enhance our trading links with the region. hive’s rapid growth since its launch last year presents a glowing prospect for increased India-ASEAN trade. We’re happy that hive now gives our members the connectivity to the ASEAN trading economy,” said Vijaykumar.

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