ENA Sectors 2024-12-10 14:10:26 <p><span style="font-size:14px"><strong>New Delhi, Dec 10 (KNN)</strong> E-commerce giant Amazon India unveiled a series of ambitious initiatives at its flagship SMBhav 2024 event, aimed at bolstering small businesses, startups, and exports.</span></p> <p><span style="font-size:14px">The announcements, made by Amit Agarwal, Senior Vice President for India and Emerging Markets, signal Amazons intensified efforts to empower Indias entrepreneurial ecosystem.</span></p> <p><span style="font-size:14px">Amazon India signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT), committing USD 120 million to support startups driving innovations in domestic manufacturing.</span></p> <p><span style="font-size:14px">We are very excited to sign this MoU, which aligns with the governments Make in India vision. This fund will be accessible to startups focused on building innovative manufacturing and trading brands out of India, said Agarwal.</span></p> <p><span style="font-size:14px">The initiative underscores Amazons focus on enhancing Indias role as a global manufacturing hub.</span></p> <p><span style="font-size:14px">Building on its success in driving exports, Amazon announced an ambitious target to enable USD 80 billion in cumulative exports from India by 2030. We are quadrupling our focus in this area, driven by the significant progress weve already made, Agarwal said.</span></p> <p><span style="font-size:14px">This commitment aims to help Indian businesses expand their global footprint and tap into international markets.</span></p> <p><span style="font-size:14px">In a move to revolutionise logistics for businesses, Amazon India launched two new services: Amazon Shipping and DSM Amazon Freight.</span></p> <p><span style="font-size:14px">Our logistics technology, powered by AI, has created one of the most reliable delivery networks in the country, said Agarwal. Now, were making this accessible to all businesses.</span></p> <p><span style="font-size:14px">Amazon Freight will provide full truckload intercity and intracity capabilities on demand, empowering sellers with seamless logistics solutions.</span></p> <p><span style="font-size:14px">The announcements highlight Amazon Indias multifaceted approach to fostering innovation, strengthening exports, and equipping Indian businesses with cutting-edge logistics infrastructure.</span></p> <p><span style="font-size:14px">As Indias small businesses gear up for global challenges, Amazons initiatives are poised to play a pivotal role in shaping their success.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 40198 https://knnindia.co.in/news/newsdetails/sectors/amazon-india-pledges-usd-120-million-for-startups-usd-80-billion-export-target-at-smbhav-2024 2024-12-10 14:10:26 knnindia.co.in