Amazon pledges $20 billion in exports from India by 2025 – TechCrunch

Amazon said on Wednesday it aims to export locally produced Indian goods worth $20 billion by 2025, doubling its original target of $10 billion over the same period as the e-commerce group attracts more than 100,000 exporters to its main overseas business. market.

It took the company, which launched its Amazon Global Selling export program, three years in 2015 to clock in the country’s exports of $1 billion worth of locally produced goods, it said. It added the next $2 billion in just 17 months, the company said during a virtual event on Wednesday.

“These exporters showcase millions of ‘Made in India’ products to customers around the world through Amazon’s 18 international websites in countries such as US, UK, UAE, Canada, Mexico, Germany, Italy, France, Spain, Netherlands, Turkey , Brazil, Japan, Australia and Singapore,” the company said.

Shri Narayan Rane, Minister of Micro Small and Medium Enterprises, said in a statement: “MSMEs are the backbone of India’s economy, contributing to about a third of India’s GDP and driving nearly half of the country’s exports. Increasing the export potential of Indian MSMEs is a key government priority and efforts are underway to support Indian MSMEs in their success in international markets. Amazon’s continued efforts to increase the share of SMEs’ exports are commendable, and their commitment to enable $20 billion in exports by 2025 is timely. I would like to congratulate Amazon and all MSMEs on their important role in driving export-driven growth to help realize the vision of an Aatmanirbhar Bharat.”

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This post Amazon pledges $20 billion in exports from India by 2025 – TechCrunch was original published at “https://techcrunch.com/2022/05/04/amazon-pledges-20-billion-in-exports-from-india-by-2025/”

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