Ease of Doing Business for MSMEs: E-commerce company Amazon India on Sunday announced an update of its original promise for India. The company says it has created more than 11.6 million direct and indirect jobs in India in its nearly nine-year journey, enabled about $ 5 billion in growing exports and digitized more than 4 million MSMEs. In June 2013, Amazon went live with its Indian market.
During a company event in January 2020, the company pledged to digitize 10 million MSMEs, enabling 10 10 billion growing exports by 2025 and creating 2 million jobs from India to India, now enabling 20 20 billion growing exports from India by 2025. Will.
Over the past year, Amazon has said it has helped create more than 1.35 million direct and indirect jobs in industries such as IT, e-commerce, logistics, manufacturing, content creation, and skills development, and has helped create indirect jobs. Vendor community.
Under its Global Selling Program, the growing exports of more than 1 lakh Indian exporters are on track to cross $ 5 billion. “It took Amazon Global Selling three years to enable the first billion dollars of growing exports and just 17 months to enable the last two billion dollars,” the company said.
Subscribe now to the Financial Express SME Newsletter: Dose of your weekly news, views and updates from the world of micro, small and medium enterprises
“As we continue to work with MSMEs across the country, we are committed to bringing new tools, technologies and innovations that will reflect the entrepreneurial spirit of Indian businesses, increase exports from the country and help create jobs on a large scale,” said Manish Tiwari, Country Manager. , India Consumer Business, Amazon India in a statement.
The company announced a $ 250 million Amazon Sambhav Venture Fund last year to invest in startups and entrepreneurs focusing on technology innovation in SMB digitization. So far, Amazon has invested in beauty product platforms MyGlamm, invoice discounting portal M1xchange, and Small Case, a platform for individuals to invest in curated portfolios created by Sebi registered analysts or investment advisers.