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
