Amazon India says it created 11.6 lakh jobs, enabled $5 billion in exports, digitized over 40 lakh MSMEs

In Jan 2020, at the first edition of its annual event Amazon Smbhav, the company had pledged to digitize 1 crore (10 million) MSMEs, enable $10 billion in cumulative exports and create 20 lakh (2 million) jobs in India by 2025.

Amazon is well on track to fulfil these pledges, while in fact doubling its export pledge from India, to now enable $20 billion in cumulative exports from India by 2025.

"Amazon India today shared updates on its key pledges for India and announced that it has cumulatively created more than 11.6 lakh (1.16 million) direct and indirect jobs, enabled nearly $5 billion in cumulative exports and digitized over 40 lakh (4 million) MSMEs in India till date," said in a statement.

In the last one year, Amazon helped create over 135K direct and indirect jobs across industries. These jobs are across industries like IT, E-commerce, Logistics, Manufacturing, Content Creation, Skill Development and more as well as other indirect jobs that Amazon has helped create in the seller community.

Amazon has also doubled its export pledge from India, to now enable $20 billion in cumulative exports from India by 2025.

Last year at Amazon Smbhav 2021, Amazon had announced the $250 MM Amazon Smbhav Venture Fund to invest in startups and entrepreneurs who are focused on technology innovations.

The fund is focused on supporting entrepreneurs and startups that are doing innovative work in the area of SMB digitization. As part of the fund, Amazon has already invested in ‘MyGlamm’, ‘M1xchange’ and ‘Small Case’.

Amazon remains committed to leveraging its people & tech resources to invest into focus areas for the Fund, including multiple new and emerging areas that are seeing high degree of innovation & entrepreneurial energy.

Manish Tiwary, Country Manager, India Consumer Business Amazon India said the company strongly believes that technology and mobile internet will continue to positively impact India’s economic growth, and we see Amazon playing a larger role in the country’s digital transformation and a modern, thriving digital economy.

"As we continue to work with MSMEs across the country, we remain committed to bringing new tools, technology and innovation that will unleash the entrepreneurial spirit of Indian businesses, boost exports from the country and help create jobs at scale," he said.