Amazon, the world’s largest e-commerce company, announced on Wednesday. That it now plans to export $20 billion from India by 2025, more than doubling its previous target.
Amazon pledged in 2020 to enable $10 billion in cumulative Indian exports by 2025.
According to the company, cumulative exports by Indian micro, small, and medium enterprises (MSMEs). Through its ‘Global Selling’ programme are on track to surpass the $5 billion mark.
Amazon said during the ‘Exports Digest 2022’ event that the programme took about three years to enable the first billion dollars, and the last two billion dollars came in just 17 months.
“Improving the export potential of Indian MSMEs is a key government priority. And efforts are being made to support Indian MSMEs in their success in international markets”. Said Union Minister of Micro, Small, and Medium Enterprises Narayan Rane.
Since its inception in 2015, the global programme has seen widespread adoption among businesses of all sizes across the country, with more than one lakh (100,000) exporters showcasing their products to customers worldwide via Amazon’s 18 international websites.
“We are scaling up our pledge to boost exports from India using e-commerce to $20 billion by 2025. We will continue to work with all key stakeholders to make exports easier for the Indian MSMEs,” said Amit Agarwal, SVP India and Emerging Markets, Amazon.
Last year, more than 1,000 Indian exporters on Amazon Global Selling sold for more than Rs 1 crore.
Also according to the company, several Indian entrepreneurs. And businesses will emerge as globally successful brands in 2021. Highlighting the popularity of ‘Made in India’ products in international markets.