Amazon Pledges $20 Billion in Exports From India by 2025
Amazon said on Wednesday that it aims to export locally produced Indian goods worth $20 billion by 2025, doubling its initial goal of $10 billion set for the same time frame as the e-commerce group attracts over 100,000 exporters in the key overseas market. From a report: It took the company -- which launched its exports program, called Amazon Global Selling, in India in 2015 -- three years to clock exports of $1 billion from the country, it said. The firm added the last $2 billion in just 17 months, it said at a virtual event Wednesday. In total, the company said it is on track to hit $5 billion in cumulative exports from India. "We are excited to build a strong foundation for MSMEs to realize their export potential, help them become globally competitive and contribute towards honorable Prime Minister's vision of making India an export powerhouse," said Amit Agarwal, SVP of India and Emerging Markets for Amazon, at the event.
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