NEW DELHI, Sept 5 (Reuters) - Amazon Inc
expects to help Indian exporters sell about $5 billion worth of
small-ticket items through its platform this year in markets
such as the United States and Britain, up from nearly $3 billion
in 2023, a company official said.
Under the Amazon Global Selling programme, launched in 2015,
nearly 150,000 small exporters across India are expected to sell
their products directly to overseas consumers using the
company's e-commerce platform.
"We are investing significantly in tools and technologies to
help sellers optimise their reach, enhance product discovery,
and increase sales," Bhupen Wakankar, director of global trade
at Amazon ( AMZN ), told Reuters in an interview on Thursday, ahead of an
exporters' meeting in New Delhi.
Amazon ( AMZN ) is on track to help tens of thousands of Indian
businesses to surpass a cumulative $13 billion in e-commerce
exports by the end of 2024, a company statement said.
The move by one of the world's largest e-commerce companies
underscores India's growing role in the global supply chain and
reflects a broader trend among multinational corporations to
diversify supplies away from China.
Walmart Inc ( WMT ) said in 2020 it planned to hike its
supplies from India to $10 billion a year by 2027, up from about
$3 billion at that time.
Wakankar said Amazon ( AMZN ) had partnered with the India's commerce
ministry and trade associations to connect with small
manufacturers across the country offering products from textiles
and jewellery to household items and Ayurveda products.
Such items are usually easy to post directly to customers
abroad and less affected by import taxes than costlier products.
Amazon ( AMZN ) and Walmart's ( WMT ) Flipkart have reshaped India's retail
landscape in recent years, investing billions of dollars to
source supplies from small businesses and attracting consumers
through hefty discounts.
But they face criticism from trading and political groups.
India's commerce minister has accused Amazon ( AMZN ) and other
e-commerce companies of predatory pricing practices and said the
sector's rapid rise should not disrupt millions of
brick-and-mortar stores operating in the country.
Last June, Amazon ( AMZN ) announced plans to increase its
investments in India to $26 billion by 2030, including funds for
its cloud business.
The company aims to facilitate $20 billion in cumulative
e-commerce exports from India by 2025, Wakankar added.