Business
Amazon’s cumulative product shipments from India touch $3 billion
E-commerce company Amazon has facilitated the shipment of $3 billion worth of products from India for about six years, a senior company official said on Wednesday.
The company has set a target to make India’s exports worth $10 billion by 2025.
“We look at $1 billion as a measure of the growth of a project within Amazon. In terms of exports, it takes 3 years to get the first billion dollars, 18 months to get the second billion dollars, and the third It takes 12 months for a billion dollars. It’s all made in India,” said Abhijit Kamra, global trade director for Amazon India.
The company has begun recruiting exporters and start-ups under the Amazon Global Sales Boost (AGSP) program, which was launched last year to nurture companies and support them in expanding their businesses.
The company has launched season 2 of its Advance Startup Accelerator program, which aims to boost exports and create global brands from India.
The company will select emerging brands and start-ups in India and provide $100,000 in grants and $10,000 in Amazon Web Services credits to selected companies.
The selected companies will then connect with venture capital firms to improve their business proposition and attract investment.
Exporters from India can reach all countries in the world through Amazon, Kamra said. He added that the company is attracting start-ups and businesses from second- and third-tier cities through the program.
“We saw a lot of interest, ideas and entrepreneurship in the first quarter of the program, and we are excited to now bring Season 2. This is our commitment to making it easier for businesses of all sizes to export and achieve $10 billion India’s e-commerce exports by 2025,” said Amit Agarwal, Senior Vice President, Amazon India and Emerging Markets.
Complete News Source : Business Standard
Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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