The American multi-national e-commerce giant Amazon.com Inc. has recently shared that the total exports from small and medium sellers in India, part of a company programme to export products to global markets, have crossed the US $ 2 billion mark.
The company’s ‘Global Selling’ programme was introduced in India in 2015. Also operational in various other markets apart from India, the programme has helped over 60,000 Indian sellers export products to 15 Amazon websites.
Jess Bezos, Founder, CEO and President, Amazon, during his visit to India in January this year, said that his company would invest US $ 1 billion in digitising small and medium businesses in the country, further underlining that Amazon expected to export Indian-made goods worth US $ 10 billion by 2025.
So far as the company’s current sales are concerned, they are still a fraction of India’s total exports of goods and services that are estimated at nearly US $ 530 billion in the financial year that ended on 31 March.
Gopal Pillai, Vice President for Seller Services, Amazon India, shared that the company reached its first billion dollars in over 3 years.
“100 per cent growth in the last 18 months,” he added.
As informed earlier, Amazon has also partnered with Indian banks to provide cheap loans to its small sellers.
Abhijit Kamra, Head of Global Trade, Amazon India, highlighted that the biggest market for Amazon’s Indian exporters is the US.
Various annual events there including Black Friday, Cyber Monday and the brand’s own Prime Day have helped boost sales.
