Amazon India provided updates on its core commitments to India, stating that it had created over 11.6 lakh (1.16 million) direct and indirect jobs, enabled approximately $5 billion in cumulative exports, and digitized over 40 lakh (4 million) MSMEs in India to date. Amazon vowed to digitize 1 crore (10 million) MSMEs, enabling $10 billion in cumulative exports, and generate 20 lakh (2 million) employment in India by 2025 at the first edition of its annual event Amazon Smbhav in January 2020. Amazon is on track to meet these commitments, having more than doubled its export pledge from India to $20 billion in cumulative shipments by 2025.
Amazon unveiled the $250 million Amazon Smbhav Venture Fund last year at Amazon Smbhav 2021, which will invest in technology businesses and entrepreneurs. The fund is dedicated to assisting entrepreneurs and companies working on innovative SMB digitization projects. Amazon has already invested in ‘MyGlamm,’ ‘M1xchange,’ and ‘Small Case’ as part of the fund. Amazon is dedicated to utilizing its people and technology resources to invest in the Fund’s core areas, which include a number of new and developing industries with high levels of innovation and entrepreneurial activity.
“We have cumulatively created over 11.6 lakh jobs, enabled nearly $5 billion in exports and digitized over 40 lakh MSMEs in India. As we continue to work with MSMEs across the country, we remain committed to bringing new tools, technology and innovation that will unleash the entrepreneurial spirit of Indian businesses, boost exports from the country and help create jobs at scale. We strongly believe that technology and mobile internet will continue to positively impact India’s economic growth, and we see Amazon playing a larger role in the country’s digital transformation and a modern, thriving digital economy,”Manish Tiwary, Country Manager, India Consumer Business Amazon India.
In India, Amazon has produced more than 11.6 lakh (1.16 million) direct and indirect jobs.
Amazon’s initiatives to digitize MSMEs and promote exports from the country are assisting in the creation of tens of thousands of livelihood chances throughout the ecosystem. Amazon has aided in the creation of approximately 135K direct and indirect jobs across industries in the last year. These occupations span fields like as IT, E-commerce, Logistics, Manufacturing, Content Creation, Skill Development, and more, as well as indirect jobs created by Amazon in the seller community.
On Amazon Global Selling, Indian exporters are on course to surpass $5 billion in online exports.
Through its Global Selling initiative, Amazon is focusing on building a strong infrastructure to enable Indian businesses to reach customers in more than 200 countries and territories, create global brands from India, and increase exports. The program is gaining traction, and more than one lakh (100K) exporters are on course to exceed $5 billion in cumulative exports. The first billion dollars in total exports took three years to enable, but only 17 months to enable the remaining two billion dollars.
Amazon has helped more than 40 lakh (4 million) small businesses go digital.
Over 4 million MSMEs, including merchants, artisans and weavers, delivery and logistics service partners, and others, have been digitised by Amazon. Small companies, such as local retail establishments, craftsmen, and grassroot entrepreneurs, can benefit from the Company’s digitization activities by reaching out to new customers and expanding their reach. Amazon’s first Digital Kendra debuted in Surat in July 2021 to deliver the benefits of digitization to small companies. Over 4000 small enterprises from Surat and the surrounding areas have already benefited from the Kendra’s digitalization services.
Contact us with your feedback and suggestions.