Amazon promises $20 billion in Exports from India

On Wednesday, the United States-based E-commerce platform Amazon informed that it plans to export goods worth $20 billion from India by the year 2025, thus eventually increasing its goal by two times. Earlier, in the year 2020, the E-commerce platforms pledged to enable $10 billion in cumulative exports from India by the year 2025. Further Amazon informed that currently cumulative exports by the Indian micro, small and medium enterprises (MSMEs) through its 'Global Selling' program are on track to go beyond the $5 billion milestones. During the 'Exports Digest 2022' event, the company informed that Amazon’s program took about three years to generate the first billion dollars, and the last two billion dollars have come in just 17 months.

Narayan Rane, Union Minister of Micro Small and Medium Enterprises said, "Enhancing the export potential of Indian MSMEs is a key government priority and efforts are being made to support Indian MSMEs for their success in international markets.” Amit Agarwal, SVP India, and Emerging Markets, Amazon, further commented, "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.”