October 06, 2024 18:12 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
TMC MLA chased away, 'Go Back' slogans against MP as Mamata faces fresh public ire over Bengal minor girl's murder | Minor girl kidnapped and murdered in Bengal; locals set police camp on fire, BJP slams Mamata govt | Kashmir: 2 terrorists killed in Kupwara as Army foils infiltration bid | Today, India is the fastest-growing major economy: PM Modi at Kautilya Economic Conclave | Bengal junior doctors end ceasework, threaten to go on hunger strike if demands not met in 24 hours
Amazon targets $20 billion merchandise export from India by 2025
Export
Photo Courtesy: Unsplash

Amazon targets $20 billion merchandise export from India by 2025

| @indiablooms | 17 Nov 2023, 09:39 pm

Amazon aims to achieve $20 billion in merchandise exports from India by 2025, Reuters reported, citing a company official.

The e-commerce giant plans to achieve this goal by including numerous small-scale sellers on its e-commerce platform.

"We are very encouraged by the number of entrepreneurs who signed up this year. We are looking to scale up," Bhupen Wakankar, director global trade, Amazon told Reuters on the sidelines of an industry event, referring to plans for exports.

The demand for "Made in India" products, such as organic health supplements, bath towels, jute rugs, and robotic games for children, has surged ahead of the Black Friday Cyber Monday sale—an 11-day shopping period starting on Friday, according to Wakankar.

Amazon Global Trade, the business-to-consumer (B2C) exports platform of the e-commerce giant, has gained momentum in India since its launch in 2015 with only a few sellers.

The company has successfully onboarded over 100,000 small manufacturers, enabling them to offer a diverse range of products to international customers.

Small exporters, previously lacking access to global markets, have experienced an impressive annual business growth of 70% through the e-commerce platform.

This growth is attributed to the platform's provision of logistics support and the opportunity to reach over 200 million Amazon Prime members worldwide, as highlighted by the spokesperson.

This positive trend is particularly noteworthy given the 7% year-on-year decline in India's exports of goods during the first seven months of the fiscal year.

On the e-commerce platform, significant growth has been observed in categories such as beauty, apparel, home goods, kitchenware, furniture, and toys.

Sales of Indian products have been particularly driven during holidays such as Halloween, Thanksgiving, Black Friday, Cyber Monday, Christmas, and New Year in markets including the United States, Britain, Canada, Australia, and Germany.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.