A day after former Northern Army commander Lieutenant General DS Hooda (retd) accused Punjab Police personnel in a vehicle escorting a VIP of hitting his car on the Zirakpur flyover in Mohali and then making off, director general of police Gaurav Yadav on Thursday issued six guidelines to his force
Amazon has crossed $20 billion in exports from India over 10 years, eyes $80 billion by 2030
Amazon on Monday said it has surpassed $20 billion in cumulative e-commerce exports from India between 2015 and 2025 through its 'Global Selling program' and affirmed it is on track for the $80 billion target by 2030.
On trade and tariff headwinds in India's largest export market, the US, Amazon said it is focused on matters that are within its control, and emphasised that India's strengths are structural not cyclical.
"Tariff (matters) are uncontrollable and Amazon's focus has been on things that are controllable inputs...and we will continue to do so," Srinidhi Kalvapudi, Head of Amazon Global Selling India said.
Amazon believes that India's strengths are structural, not cyclical, Kalvapudi said pointing to the unfolding "transformation and revolution".
"Our capabilities are things in our control, and what we are building is not for 1, 2 or 5 years, we hope these capabilities will get compounded and we stay committed to them," he said.
According to Amazon, over the last decade, Indian exporters sold over 75 crore 'Made in India' products to global customers on its platform.
"Amazon today announced that it has enabled hundreds of thousands of Indian sellers to surpass $20 billion in cumulative e-commerce exports from India between 2015 and 2025, through the Amazon Global Selling program," the company release said pegging targets at $80 billion by 2030.
Back in 2020, Amazon had outlined its intent to enable $10 billion in cumulative e-commerce exports from India by 2025, a target that was later scaled up to $20 billion within the same timeline.
"And now, Amazon has completed its exports pledge ahead of time," the release said.
Amazon's exporter base has grown 33% to 2 lakh entrepreneurs and small businesses in one year. Among other big takeaways, Delhi, Rajasthan, Gujarat, Uttar Pradesh, Tamil Nadu, Maharashtra, and Haryana have emerged as states with highest number of exporters on the Amazon Global Selling program.
The highest 10-year compound annual growth rate (CAGR) was seen in categories like health and personal care (45%), beauty (45%), toys (44%), home (39%), apparel (37%), and furniture (36%).
Amazon Global Selling has registered sellers from 28 states, 7 union territories, and 200 plus cities across India, with growing traction from smaller towns and cities.
The e-commerce giant said it is enabling exporters to build global brands by selling to hundreds of millions of customers on more than 18 Amazon global marketplaces in countries such as the US, the UK, the UAE, Saudi Arabia, Canada, Mexico, Germany, Italy, France, Spain, among others.
Kalvapudi said: "At Amazon, we've witnessed significant growth in India's traditional export strengths, such as health and personal care, beauty, toys, home apparel, and furniture, among others. Since 2015, Amazon has enabled $20 billion in cumulative e-commerce exports from India, including through the Amazon Global Selling program, achieving this milestone ahead of the 2025 target".
The momentum, he said, underlines the ambition of Indian businesses and the growing role of e-commerce exports in global trade.
"Building on this success, as we work towards our $80 billion in cumulative e-commerce exports goal by 2030, we're focused on simplifying global selling through technology innovation, capacity building, and ecosystem partnerships. We remain committed to enabling India's e-commerce export growth in line with the Government's goal of reaching $200-300 billion by 2030," he added.
Also Read: Packed festive show delivers a big ecommerce hit; sales jump 27%
Source: EconomicTimes
Related Posts: India Surpassed China In Smartphone Exports To US NHS doctor warns never apply scented soap on vagina as he busts 4 common myths Siddaramaiah says he’ll continue as Karnataka CM if Congress high command decides Q-comm set to grow in How Long Can Nitish Hold Post After BJP Surpassed JD(U) In Landslide Victory A story from an Indian entrepreneur who made a switch to no quick commerce Comm Min Goyal urges Singapore-based investors to explore opportunities in India Maruti Crosses 3 Crore Cumulative Domestic Sales Milestone Government e-Marketplace Surpasses Rs 15 Lakh Crore in Cumulative GMV Maruti Suzuki Jimny 5-Door Crosses Cumulative Exports Of 1 Lakh Units
A day after former Northern Army commander Lieutenant General DS Hooda (retd) accused Punjab Police personnel in a vehicle escorting a VIP of hitting his car on the Zirakpur flyover in Mohali and then making off, director general of police Gaurav Yadav on Thursday issued six guidelines to his force
3 months ago
