Amazon targets 5 billion dollar exports from India |
Indian sellers exporting their wares on Amazon`s global marketplace rose to more than 50,000 in 2018, and together sold goods worth over 1 billion dollars. This was the third year since the online retail giant opened the service to Indian exporters. By 2023, Amazon expects this volume to rise to 5 billion dollars, the company`s India head told reporters in Bengaluru at a conference on Tuesday. Launched with just a few hundred sellers in May 2015, more than 50,000 Indian exporters are now part of the Amazon Global Selling programme, offering more than 140 million made-in-India products to Amazon customers in the US, UK, Australia, China, south-east Asia and other overseas markets. The multiplier impact of this growth on the Indian economy will be significant with new infrastructure built-up and on employment generation, especially as the successful micro, small and medium-sized enterprises will in-turn reinvest in their local communities—creating jobs and supporting local economy, and thus boosting the entire ecosystem around them.
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