NEW DELHI : Online marketplace Amazon expects cumulative exports from its platform in India to reach $20 Bn by 2025 under its global selling programme, said Amit Agarwal, SVP India and emerging markets, Amazon.
Amazon is increasing the scope of Indian exports on the platform as it sees a strong response for Made in India products in global markets and as small and mid-sized exporters turn online to sell their products, it said on Wednesday.
In January 2020, the ecommerce giant had set a target to facilitate cumulative exports worth $10 Bn from India by 2025 through its selling programme and Amazon would invest $1 Bn in digitising the small and medium businesses in India.
“We are excited by the remarkable growth that more than 1 Lakh exporters are witnessing through our global selling program. We will continue to work with all stakeholders to make exports easier for Indian MSMEs to help them create robust businesses,” added Agarwal while launching Amazon Exports Digest 2022.
“The programme took about three years to enable the first billion dollars and the last two billion dollars have come in just 17 months. The programme has seen remarkable adoption among businesses of all sizes across India and has grown to more than 100,000 exporters since its launch in 2015. These exporters are showcasing millions of made-in-India products to customers worldwide through Amazon’s 18 international websites,” the company said.
The ecommerce major has said that cumulative exports by Indian exporters on its global selling programme will soon surpass the $5 Bn milestone, according to a press statement.
The Amazon Global Selling programme helps lower the entry barrier for Indian micro, small, and medium enterprises (MSMEs) to expand their exports business using e-commerce as a platform.
In 2020, the firm’s billionaire founder Jeff Bezos, while on a visit to India, said Amazon will use its global footprint to export made-in-India goods worth $10 billion by 2025.