According to a top executive, over the last 18 months, Amazon India has crossed an additional $1 billion milestone in exports. He also said that lockdown was the driving force behind this achievement.
Since 2015, Amazon has a total cumulative exports of about $2 Billion and they are also planning to reach the $10 billion mark in the overall exports from India in the next three years period.
Gopal Pillai, Vice-President of Amazon India’s Seller Services, said, “In the last three-four months, when the world has been adapting to lockdowns, and disruption in supply chains, we saw thousands of such small businesses sell to customers globally.”
While Amit Agarwal, Global Senior Vice-President and Country Head at Amazon India stated, “It took the program three years to hit cumulative exports of $1 billion and it has grown 100% to hit the next $1 billion in less than 18 months.”
Amazon’s Global Selling Program has played a significant role for merchants in India and has helped them to export their goods and products across 200 countries worldwide.
As this pandemic has forced people across the world to stay at home, this very situation has been favorable for retail giant Amazon. Because of COVID-19 pandemic, there has been a significant surge in e-commerce sales across various categories such as apparel, jewellery, health and personal care and kitchen.
When it comes to export, the company’s global channel has helped about 60k sellers from India to export across the world. While, if we look at the active seller base of Amazon in India, they have about 6 lakh sellers across the country.
Nitin Gadkari, Union Minister of Micro, Small and Medium Enterprises, “Within the next five years, MSMEs should contribute 50% of the overall GDP, from the current 30%, and create 5 crore new jobs.” “Our idea is to increase exports and at the same time find import substitutes,” he added.