Amazon Targets USD 80 Bn In Indian Exports By 2030, Bolsters Small Businesses

New Delhi, Dec 11 (KNN) Amazon has announced an ambitious plan to enable USD 80 billion in cumulative exports from India by 2030, demonstrating its deepening commitment to the Indian market.

During the company's annual 'Smbhav Summit', Amit Agarwal, Senior Vice President for Emerging Markets, outlined the e-commerce giant's strategic expansion plans for the country.

The company has already made significant progress towards its previous pledges. According to Samir Kumar, Amazon India Country Manager, they have successfully digitised over 12 million small businesses, one year ahead of their original timeline.

To date, Amazon has facilitated nearly USD 13 billion in exports and created approximately 1.4 million direct and indirect jobs in India.

Currently accounting for about 3 percent of India's business-to-consumer exports, Amazon is set to dramatically increase its involvement.

The company has signed an agreement with the Department for Promotion of Industry and Internal Trade (DPIIT) to accelerate India's positioning as a global manufacturing hub, committing USD 120 million to invest in manufacturing start-ups.

As part of its expansion strategy, Amazon has launched new logistics services including Amazon Shipping and Amazon Freight.

These services will provide full truckload freight solutions for intra-city and inter-city transportation, as well as last-mile business-to-consumer parcel deliveries.

The company is collaborating closely with the government, Indian small businesses, direct-to-consumer brands, and other stakeholders.

This includes working with the Directorate General of Foreign Trade to leverage the 'Districts as Export Hubs' initiative, which aims to enhance micro, small, and medium enterprise exports across India.

With this comprehensive approach, Amazon is positioning itself as a key enabler of India's economic growth and export potential, expanding its fund to USD 350 million and demonstrating a long-term commitment to the Indian market.

(KNN Bureau)