Amazon doubles cumulative export target from India to $20 billion by 2025

E-commerce company Amazon expects cumulative exports from its platform in India to reach USD 20 billion by 2025, a senior company official said on Wednesday. In January 2020, the company had set a target to facilitate export worth USD 10 billion by 2025.

“In January 2020, we had taken a pledge to enable USD 10 billion in cumulative exports from India by 2025 with our global Selling program.

“Excited by the momentum in businesses joining the global selling program and by the growing demand for Made in India products across the world, I am super excited to announce that we are doubling down and raising our pledge to enable USD 20 billion in cumulative exports by 2025,” Amazon senior vice president for India and emerging markets Amit Agarwal said.

He was speaking while launching Amazon Exports Digest 2022.

“The government had set an ambitious target of achieving USD 400 billion in annual merchandise exports and for the first time in history, India has breached this target. India’s merchandise exports touched a record USD 418 billion in 2021-22. The Government’s unwavering commitment towards exports has been very encouraging,” Agarwal said.

Amazon has launched the e-commerce export programme Global Selling in 2015, which has over 1 lakh exporters.

Discover the stories of your interest



“At our end, we are super excited by the momentum Amazon Global Selling is witnessing; the exporters on the program are on track to surpass USD 5 billion in cumulative exports. Importantly, the program took about 3 years to enable the first billion dollars in exports, while the last 2 billion have come in just 17 months,” Agarwal said.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.