E-commerce giant Amazon announced on Wednesday that it will double the target for cumulative exports by Indian exporters through its platform to $20 billion by 2025.
The US-based company’s founder and CEO, Jeff Bezos, announced in January 2020 that the company would facilitate $10 billion in cumulative exports of “make-in-India” goods by 2025.
“The cumulative exports of Indian exporters under the Amazon Global Selling program are on track to surpass the $5 billion milestone,” the company said. “The program took about three years to enable the first billion dollars and the final $2 billion came in just 17 months.”
“As Indian MSMEs discover how e-commerce makes it easier for them to reach customers worldwide, we are seeing a rapid increase in the number of exporters joining Amazon Global Selling to meet the growing global demand for Made in India products to satisfy . We are therefore expanding our promise to boost exports from India to US$20 billion through e-commerce by 2025,” said Amit Agarwal, SVP India and Emerging Markets, Amazon.
Exporters present millions of Made in India products to customers worldwide through Amazon’s 18 international websites in countries such as USA, UK, UAE, Canada, Mexico, Germany, Italy, France, Spain, Netherlands, the Turkey, Brazil, Japan, Australia and Singapore, it added.
The company said that apparel, toys and jewelry emerged as top categories with growth of 82%, 55%, 47% on Amazon Global Selling in 2021 and that more than 1,000 Indian exporters on Amazon Global Selling in 2021 have exceeded £1 billion in sales.