Trade, import, export for MSMEs: According to Amazon, exporters from India under the global selling programme are on track to surpass $5 billion in cumulative exports.
Trade, import, export for MSMEs: E-commerce company Amazon on Wednesday announced doubling its cumulative export target of ‘Made in India’ goods from micro, small and medium enterprises (MSMEs) under its global selling programme. The company’s senior vice president for India and emerging markets Amit Agarwal at a virtual event said, “In January 2020, we had taken a pledge to enable $10 billion in cumulative exports from India by 2025 through our programme of global selling. Excited by the momentum in the businesses joining the programme and growing demand for Made in India products across the world, we are doubling down and raising our pledge to enable $20 billion cumulative exports by 2025.”
The earlier $10-billion target was announced by Amazon.com founder Jeff Bezos during his visit to India in 2020. Amazon launched its global selling programme in India back in 2015 to provide export opportunities for Indian sellers to Amazon’s 18 international markets. The programme has grown very quickly to over 1 lakh exporters and the number of new sellers joining the programme has doubled over the last couple of years, said Agarwal at the launch of Amazon Exports Digest 2022.
Attribution-Financial Express