The e-commerce giant now plans to enable $80 billion in cumulative exports from India by 2030, a significant boost from its earlier target of $20 billion by 2025.
This milestone will be achieved by empowering Indian MSMEs, manufacturers, and D2C startups through Amazon’s Global Selling program and expanding the export of Made-in-India products across categories such as Home & Kitchen, Apparel & Textiles, Toys, and Ayurveda products.
Amazon also signed an MoU with the Department for Promotion of Industry and Internal Trade (DPIIT) to establish India as a global manufacturing hub. To this end, Amazon has earmarked $120 million from its Smbhav Venture Fund to invest in startups focused on digitizing and scaling manufacturing in India, creating thousands of jobs.
Speaking at the summit, Amit Agarwal, Senior VP, Emerging Markets, said, “India is a key market for Amazon, and we are committed to empowering small businesses, boosting exports, and creating jobs. These initiatives align with the government’s vision of a Viksit Bharat and the Hon’ble Prime Minister’s goal of building a $5 trillion economy.”
Union Minister Nitin Gadkari lauded Amazon’s initiatives, emphasising the role of private-sector collaboration in fostering innovation, boosting exports, and strengthening logistics to accelerate India’s economic growth.
In a push to empower businesses nationwide, Amazon has also launched Amazon Freight and Amazon Shipping. These services will offer reliable and cost-effective logistics solutions for middle-mile and last-mile deliveries, supporting businesses of all sizes across 14,000+ pin codes.
Amazon reaffirmed its commitment to its 2020 pledges of digitising 10 million MSMEs, creating 2 million jobs, and enabling $20 billion in exports by 2025. The company has already surpassed some of these targets, having digitised over 12 million MSMEs and achieved $13 billion in cumulative exports.
With an expanded $350 million Smbhav Venture Fund, a renewed focus on manufacturing startups, and its expanded logistics offerings.
