Indian Exporters On Amazon Global Selling On Track To Surpass $5 Billion In Cumulative Exports
Amazon unveiled the Exports Digest 2022 on Wednesday, announcing that cumulative exports by Indian exporters through the Amazon Global Selling programme are on track to surpass the $5 billion mark. The first billion dollars were made available through the programme over a three-year period, and the last two billion dollars were made available in just 17 months. Since its inception in 2015, the programme has seen widespread adoption among businesses of all sizes across the country, growing to more than one lakh (100,000) exporters.
“MSMEs are the backbone of India’s economy, contributing to around a third of India’s GDP and driving nearly half of the country’s exports. 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. Amazon’s continued efforts towards enhancing the share of MSME exports is commendable, and their commitment to enable $20 billion of exports by 2025 is very timely. I would like to congratulate Amazon and all the MSMEs for playing an important role in driving export-led growth to help realize the vision of an Aatmanirbhar Bharat,”Hon’ble Union Minister of Micro Small and Medium Enterprises, Shri Narayan Rane, said.
These exporters present millions of ‘Made in India’ products to customers worldwide via Amazon’s 18 international websites in countries such as the United States, United Kingdom, United Arab Emirates, Canada, Mexico, Germany, Italy, France, Spain, the Netherlands, Turkey, Brazil, Japan, Australia, and Singapore. Encouraged by the program’s rapid growth, Amazon has doubled its export pledge, allowing for $20 billion in cumulative exports from India by 2025.
“We are excited by the remarkable growth that over 1 lakh exporters are witnessing through our Global Selling program. In 2020, Amazon had pledged to enable $10 billion in cumulative exports from India by 2025 using this program. But as Indian MSMEs discover how e-commerce makes it easy for them to reach customers globally, we are seeing a rapid increase in the number of exporters joining Amazon Global Selling to cater to the growing demand for Made in India products across the world. We are therefore 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 Indian MSMEs to help them create robust businesses and build global brands from India,”Amit Agarwal, SVP India and Emerging Markets, Amazon said.
Contact us with your feedback and suggestions.