Amazon targets 5 bln USD of exports from Indian companies in 2022

MUMBAI, Sept. 14– Global online marketplace Amazon is targeting 5 billion U.S. dollars worth of exports from Indian companies in the current year, a statement by Mapic India said on Wednesday, quoting a top Amazon official. Indian exporters using the Amazon marketplace have exported 3 billion U.S. dollars worth of goods to 200 countries and regions, said Manish…

MUMBAI, Sept. 14 (Xinhua) — Global online marketplace Amazon is targeting 5 billion U.S. dollars worth of exports from Indian companies in the current year, a statement by Mapic India said on Wednesday, quoting a top Amazon official.

Indian exporters using the Amazon marketplace have exported 3 billion U.S. dollars worth of goods to 200 countries and regions, said Manish Tiwary, Amazon India’s country manager(India Consumer Business) in a statement.

Tiwary was speaking at the inaugural session of the two-day retail summit organized by Mapic India, which was held after a two-year gap following the outbreak of the COVID-19 pandemic.

The pandemic has accelerated the online biz by a decade and it continues to accelerate as consumers in smaller towns of India also have similar aspirations to buy products as a metro city, Tiwary said.

Speaking at the summit, Rajat Wahi, a partner at consulting firm, Deloitte India said, “India’s consumption journey has become non-linear after being disrupted due to technology using artificial intelligence, machine learning, data analytics and other cognitive technologies to provide engagements.”

Driven by COVID-19 lockdowns, Indian retailers are increasingly adopting tech-based strategy including vernacular commerce, social commerce coupled with omnichannel payment system to reach out to customers, as also improve in-store and online customer experience, Wahi said. Enditem

ANA NEWS WIRE Disclaimer:
The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality.
ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video. Where errors do appear, ANA will seek to correct these timeously and transparently.
The ANA platform also contains news and information from third party sources. ANA has sought to procure reliable content from trusted news sources but cannot be held responsible for the accuracy and opinions provided by such sources on the ANA platform or linked sites.
The content provided for on the ANA News Wire platform, both through the ANA news operation and via its third party sources, are for the sole use of authorised subscribers and partners. Unauthorised access to and usage of ANA content will be subject to legal steps. ANA reserves its rights in this regard.
ANA makes every effort to ensure that the website is up and running smoothly at all times, however ANA does not take responsibility for, and will not be held liable for times when the website is temporarily unavailable due to technical issues that are beyond our control.