Amazon Targets $80 Billion Exports from India

Amazon has set an ambitious goal to enable $80 billion in cumulative exports from India by 2030, significantly up from its earlier target of $20 billion by 2025. This initiative, announced at the Smbhav Summit, aims to empower Indian MSMEs, manufacturers, and D2C startups through the Global Selling program, focusing on categories like home goods, apparel, and Ayurveda products. The company has signed a memorandum of understanding with the Department for Promotion of Industry and Internal Trade to support India's manufacturing ambitions and has allocated $120 million from its Smbhav Venture Fund for startups in this sector. Since its inception in 2015, Amazon Global Selling has registered over 150,000 sellers from 200 cities across India, with exports expected to reach $20 billion by the end of 2024. Amazon's initiatives align with the Indian government's objectives for boosting exports and enhancing the digital economy. The company's logistics services, Amazon Freight and Amazon Shipping, will also support businesses nationwide by improving delivery capabilities.