Amazon Pledges $20 Billion in Exports From India
BENGALURU, (IANS)- Amazon on May 4 announced it now aims exports worth $20 billion from India by 2025, thus doubling its goal.
In 2020, Amazon pledged to enable $10 billion in cumulative exports from India by 2025.
The company said that cumulative exports by the Indian micro, small and medium enterprises via its ‘Global Selling’ programs are currently on track to surpass the $5 billion milestone.
The program took about three years to enable the first billion dollars, and the last two billion dollars have come in just 17 months, Amazon said during the ‘Exports Digest 2022’ event.
The global program has witnessed good adoption among businesses of all sizes across the country and has grown to more than 100K exporters since its launch in 2015, showcasing their products to customers worldwide through Amazon’s 18 international websites.
More than 1,000 Indian exporters on Amazon Global Selling crossed Rs 1 crore in sales last year.
In 2021, several Indian entrepreneurs and businesses emerged as globally successful brands, underlining the popularity of ‘Made in India’ products in international markets, the company said.