Amazon eyes $5 billion in sales from Indian exporters this year in bid to move away from China sourcing
3 months, 2 weeks ago

Amazon eyes $5 billion in sales from Indian exporters this year in bid to move away from China sourcing

Live Mint  

Amazon Inc intends to help Indian exporters sell $5 billion worth of small-ticket items through its platform this year in the United States and Britain, compared to almost $3 billion in 2023, Reuters reported on Thursday, quoting a company official. Under Amazon's Global Selling programme, launched in 2015, nearly 1.5 lakh small Indian exporters are expected to sell their products directly to foreign buyers on the Amazon e-commerce platform, as per the report. Amazon is in line to help tens of thousands of Indian businesses achieve a cumulative $13 billion in e-commerce exports by the end of 2024, according to a company statement cited in the report. Amazon's move highlights India's role in the global supply chain and reflects the larger trend among multinational corporations to diversify sourcing away from China, according to the report.

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History of this topic

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery
1 week, 6 days ago

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery

The Hindu  

Amazon will begin trials for quick commerce operations in India that would see the U.S. e-commerce giant deliver grocery items in 15 minutes or less, it said on Tuesday. Quick commerce is catching up in India, with companies like Zomato's Blinkit and SoftBank-backed Swiggy's Instamart promising deliveries of goods from groceries to electronics as quickly as 10 minutes, challenging e-commerce …

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct
1 month ago

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct

Live Mint  

New Delhi: India's merchandise exports continued their upward trajectory during April-October, with 21 of the top 30 sectors registering growth in value terms, buoyed by rising global demand for Indian goods. Growth in key sectors like pharmaceuticals, electronics, and engineering goods contributed to the overall gains, while a sharp decline was reported in traditionally strong sectors—petroleum and gems and jewellery—amid …

Amazon-backed More Retail plans expansion of supermarkets in India
1 month, 1 week ago

Amazon-backed More Retail plans expansion of supermarkets in India

Live Mint  

Private equity firm Samara Capital- and Amazon.com Inc.-backed supermarket retailer More Retail Pvt. Ltd will step up expansion of small format daily needs stores and continue to use its existing network of stores to fulfill online retailer Amazon’s Fresh delivery business. “The acquisition by Amazon was made with this in mind—we’ll build a hybrid model, we'll scale it across India, …

Amazon India Sees Festive Surge in Luxury Sales: Apple Tablets, Beauty Segment Soar
1 month, 3 weeks ago

Amazon India Sees Festive Surge in Luxury Sales: Apple Tablets, Beauty Segment Soar

Live Mint  

Amazon India witnessed a surge in luxury product sales during the Amazon Great Indian Festival (AGIF) 2024. Apple tablets and smartphones saw significant growth, with Apple tablets experiencing a 10-times increase and Samsung tablets growing by 5 times. The fashion and beauty segment also saw a 400 per cent spike in premium categories, with watches, fragrances, and handbags seeing a …

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions
6 months, 1 week ago

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions

Hindustan Times  

Escalating tensions with China are said to have cost Indian electronics manufacturers $15 billion in production losses as well as 100,000 jobs in the past four years, the Economic Times reported. In submissions to various ministries, the electronics manufacturing industry said India has also lost out on a $10 billion export opportunity besides $2 billion in value addition loss, according …

India’s merchandise exports up 3.12% in January
10 months, 1 week ago

India’s merchandise exports up 3.12% in January

Hindustan Times  

India’s merchandise exports reported a 3.12% increase to $36.92 billion in January despite global headwinds, showing positive growth for the second consecutive month, with overall exports -- both goods and services -- estimated to have risen 9.27% to $69.72 billion in the month, government data released on Thursday said. Releasing trade data for January, commerce secretary Sunil Barthwal said, “Despite …

New center to extend reach of Chinese firms
1 year ago

New center to extend reach of Chinese firms

China Daily  

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, Jan 5, 2023. "By integrating resources from Amazon, industry organizations, experts and scholars and third-party service providers, the center is expected to accelerate innovation among sellers for new product introductions, brand building, digital operations, green development and new business models, helping to tangibly improve innovation …

Amazon working on a generative AI to help small businesses in India
1 year, 3 months ago

Amazon working on a generative AI to help small businesses in India

The Hindu  

Amazon India is developing a generative artificial intelligence tool called SahAI for its business partners to help them with the backend of any particular product. Still in trial stage, this new generative AI is aimed at breaking barriers and helping many new businesses to come on the marketplace, said Amazon during Sambhav summit in New Delhi on Thursday. Amazon signed …

Amazon intends to invest USD 15 billion more in India: CEO Andy Jassy
1 year, 6 months ago

Amazon intends to invest USD 15 billion more in India: CEO Andy Jassy

Deccan Chronicle  

Washington: E-commerce giant Amazon plans to invest USD 15 billion more in India, taking its total investment in the country to USD 26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the US, Amazon CEO Andy Jassy said the company has already invested USD 11 billion in India till date. We have …

Amazon intends to invest $15 billion more in India, says CEO Andy Jassy
1 year, 6 months ago

Amazon intends to invest $15 billion more in India, says CEO Andy Jassy

The Hindu  

E-commerce giant Amazon plans to invest $15 billion more in India, taking its total investment in the country to $26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the U.S., Amazon CEO Andy Jassy said the company has already invested $11 billion in India till date. pic.twitter.com/1JFo0oqAZz — PMO India June 23, …

Amazon’s cloud arm to invest $12.7 billion in India by 2030
1 year, 7 months ago

Amazon’s cloud arm to invest $12.7 billion in India by 2030

The Hindu  

Amazon Web Services said it plans to invest $12.7 billion in India by 2030 to meet the fast-growing customer demand for cloud services in the country. Puneet Chandok, president of commercial business, AWS India and South Asia, said India was a rapidly expanding cloud market and therefore the company was making considerable investments in the country and the newly-announced investments …

Amazon Business continues to empower MSMEs in Hyderabad
1 year, 7 months ago

Amazon Business continues to empower MSMEs in Hyderabad

Deccan Chronicle  

HYDERABAD: Wholesale online store Amazon Business continues to act as a one stop destination for business customers in Hyderabad with about 6.5 lakh sellers on the platform and more than 16 crore GST enabled products, the largest selection in India. According to a press release, Amazon Business, which was started in 2017, has seen an upward trajectory with a 12% …

Apple continuously expanding business operations in India, says Piyush Goyal
1 year, 8 months ago

Apple continuously expanding business operations in India, says Piyush Goyal

The Hindu  

U.S.-based iPhone maker Apple is continuously expanding its operations in India and the government is in regular touch with the company to support its business, Minister of Commerce and Industry Piyush Goyal has said. ‘Will protest interests of farmers, dairy sector in free trade agreement with EU’ India will completely protect the interests of farmers and dairy sector in the …

In a first in India, Amazon launches cargo service in Hyderabad
1 year, 11 months ago

In a first in India, Amazon launches cargo service in Hyderabad

Deccan Chronicle  

HYDERABAD: E-commerce behemoth Amazon India on Monday launched its dedicated air cargo fleet, Amazon Air, in the city, a first for India with the goal of enhancing its transportation network and enabling speedier delivery. Amazon India and Quickjet Cargo Airline Private Ltd., based in Bengaluru, have teamed up to offer the nation's first air freight service, making Amazon the first …

Amazon starts air freight services in these Indian cities. Check details
1 year, 11 months ago

Amazon starts air freight services in these Indian cities. Check details

Hindustan Times  

Amazon.com Inc. is beginning air freight services in India, expanding in Asia even as global online sales growth stalls following a pandemic-era boom. The e-commerce retail giant will use cargo capacity in a Boeing 737-800 aircraft operated by partner Quikjet Cargo Airlines Pvt to begin shipments in Hyderabad, Bangalore, New Delhi and Mumbai, said Akhil Saxena, a vice president of …

Amazon India to lay off around 1,000 staff
1 year, 11 months ago

Amazon India to lay off around 1,000 staff

Live Mint  

E-commerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe. The e-commerce company Amazon has announced the lay-off of over 18,000 roles across the globe due to uncertain economic conditions. "The decision to eliminate 18,000 job roles across the globe will impact about 1,000 employees in India," the …

Amazon beats a retreat as India’s ONDC broadens its horizons
2 years ago

Amazon beats a retreat as India’s ONDC broadens its horizons

The Hindu  

Amazon is reworking its plans. In January 2020, at a conference in New Delhi, then Amazon CEO Jeff Bezos, and head of Amazon India, Amit Agarwal, said the retail giant will pump in a billion dollars to help the country’s small and medium-sized businesses. Amazon’s shift in investment and retreat from wholesale distribution comes at a time when India’s own …

Amazon cuts selling fee for new sellers by 50%
2 years, 3 months ago

Amazon cuts selling fee for new sellers by 50%

Deccan Chronicle  

Chennai: In order to attract more sellers on its platform during the festive season, Amazon India has cut the selling fee for new sellers by half. All new sellers registering on Amazon between August 28 and October 26 and launching sales within 90 days from date of registration shall be eligible for a 50 per cent waiver on their selling …

Amazon doubles cumulative export target from India to $20 billion by 2025
2 years, 7 months ago

Amazon doubles cumulative export target from India to $20 billion by 2025

The Hindu  

E-commerce giant Amazon on Wednesday said it is doubling the target for cumulative exports by Indian exporters to $20 billion by 2025, via its platform. The U.S.-headquartered firm’s founder and CEO Jeff Bezos had in January 2020 announced that the company would enable cumulative exports of $10 billion worth “make-in-India” goods by 2025. “Cumulative exports by Indian exporters on the …

Amazon results and outlook fall short as warehouse, fuel costs soar
2 years, 7 months ago

Amazon results and outlook fall short as warehouse, fuel costs soar

The Hindu  

Amazon.com Inc delivered a disappointing quarter and outlook on Thursday as the e-commerce giant was swamped by higher costs to run its warehouses and deliver packages to customers. Still, there were bright spots, like Amazon Web Services, the division that new CEO Andy Jassy ran before taking the company's top job last year. Inflation hits Amazon Net sales were $116.4 …

India Hits $400 Billion Goods Export Mark: How Did We Do It & Is It a Big Deal?
2 years, 8 months ago

India Hits $400 Billion Goods Export Mark: How Did We Do It & Is It a Big Deal?

The Quint  

Compared with the April-February period for the previous year, India's merchandise exports grew by 46.09 percent. In absolute numbers, engineering goods exports raked in the most money, with February 2022 figures coming in at $9,321.78 million, an increase of 32.04 percent year on year. Electronic goods exports grew by 42.8 percent over the April-February period, while gems and jewellery exports …

What drove India's exports to record $400 billion?
2 years, 8 months ago

What drove India's exports to record $400 billion?

Business Standard  

India’s annual merchandise exports have hit $400 billion for the first time, achieving the target set by the government 9 days ahead of schedule. The $410 billion figure would be far higher than the previous record of $330 billion achieved in 2018-19 and 41% higher than the previous financial year, when India exported goods worth $291 billion. He said that …

India crosses $ 400 bn milestone in exports
2 years, 9 months ago

India crosses $ 400 bn milestone in exports

India Today  

The country’s exports for the first time crossed the USD 400 billion mark in a fiscal on healthy performance by sectors such as petroleum products, engineering, gems and jewellery, and chemicals, according to the commerce ministry’s data released on Wednesday. “India set an ambitious target of USD 400 billion of goods exports and achieves this target for the first time …

Walmart invites Indian sellers to join its marketplace to serve U.S customers
2 years, 11 months ago

Walmart invites Indian sellers to join its marketplace to serve U.S customers

The Hindu  

Walmart has started inviting applications from select sellers in India to join Walmart Marketplace, a curated sellers community that serves over 120 million U.S. shoppers every month. Walmart was seeking new sellers from India as part of a global drive to attract international sellers and expand its marketplace’s product assortment, it said. Chosen Indian sellers would be able to take …

Amazon to hire 8,000 people in India this year, will host first-ever Career Day on THIS date
3 years, 3 months ago

Amazon to hire 8,000 people in India this year, will host first-ever Career Day on THIS date

India TV News  

Amazon is planning to hire more than 8,000 direct workforce across 35 cities in the country this year across corporate, technology, customer service and operations roles, according to a top company official. "These job opportunities are spread across corporate, technology, customer service, and operations roles," Amazon HR Leader - Corporate, APAC, and MENA Deepti Varma told PTI. Currently, Amazon employs …

As Amazon Hits India’s Job Market & Small Businesses, Need of the Hour is to Rein in the Corporate Giant
3 years, 6 months ago

As Amazon Hits India’s Job Market & Small Businesses, Need of the Hour is to Rein in the Corporate Giant

News 18  

Never in India’s history have the micro and small sector been under such a sustained attack for so long. What is amazing in all of this is, that not only is this the same segment of job creators who have been forced to pick up the highest tab in the governments demonetisation and GST implementation, but also the ones whose …

Amazon donates $5 million of medical equipment to help India fight COVID
3 years, 7 months ago

Amazon donates $5 million of medical equipment to help India fight COVID

India TV News  

In a bid to help India, in its fight against the second and more lethal wave of coronavirus, Amazon has sent critical medical equipment worth over $5 million to support hospitals and other Covid care facilities across India, the e-commerce giant said on Wednesday. The medical equipment will be distributed to Amazon's on-the-ground community partners such as the American India …

Amazon announces $250 million fund to digitise small businesses in India
3 years, 8 months ago

Amazon announces $250 million fund to digitise small businesses in India

India Today  

Amazon.com Inc on Thursday announced a $250 million venture fund for India, focused on bringing the country's small businesses online, as the company comes under fire from local retailers. "We are very passionate about trying to enable acceleration of small and medium-sized businesses, in fuelling innovation and the economy in India," the company's incoming CEO Andy Jassy said at Amazon …

Exports Jump 58.23% to $ 34 Billion in March; 7.4% Dip in 2020-21
3 years, 8 months ago

Exports Jump 58.23% to $ 34 Billion in March; 7.4% Dip in 2020-21

News 18  

The country’s exports jumped by 58.23 per cent to $ 34 billion in March as key sectors such as engineering, gems and jewellery and pharmaceuticals recorded healthy growth rate during the month, according to the Commerce Ministry’s provisional data. In March 2020, the exports stood at $ 21.49 billion, which was a decline of about 34 per cent over March …

Indian mobile retailers call for Amazon probe, cap on online smartphone sales
3 years, 9 months ago

Indian mobile retailers call for Amazon probe, cap on online smartphone sales

The Hindu  

An Indian trade group representing 150,000 mobile phone stores on Monday urged Prime Minister Narendra Modi to investigate Amazon's business practices in the country and impose a daily cap on a single seller's online smartphone sales. In a letter sent to Modi, the group cited a Reuters special report published last month that revealed Amazon has for years given preferential …

Amazon Documents Reveal Company's Secret Strategy to Dodge India's Regulators
3 years, 10 months ago

Amazon Documents Reveal Company's Secret Strategy to Dodge India's Regulators

News 18  

It was early 2019, and senior Amazon.com executive Jay Carney was preparing for an important meeting. That information, the note advised, was “Sensitive/not for disclosure.” Other company documents reveal equally touchy information: Two more sellers on the e-commerce giant’s India platform – merchants in which Amazon had indirect equity stakes – accounted for around 35 percent of the platform’s sales …

Documents Reveal Amazon's Secret Strategy to Dodge Indian Regulators after Govt Eased FDI Norms
3 years, 10 months ago

Documents Reveal Amazon's Secret Strategy to Dodge Indian Regulators after Govt Eased FDI Norms

News 18  

It was early 2019, and senior Amazon.com Inc executive Jay Carney was preparing for an important meeting. That information, the note advised, was “Sensitive/not for disclosure.” Other company documents reveal equally touchy information: Two more sellers on the e-commerce giant’s India platform – merchants in which Amazon had indirect equity stakes – accounted for around 35% of the platform’s sales …

Walmart commits to export $10 billion India-made goods each year by 2027
4 years ago

Walmart commits to export $10 billion India-made goods each year by 2027

India TV News  

Walmart on Thursday announced that it will triple its exports of goods from India to $10 billion each year by 2027. In a statement, Walmart said that its new export commitment is expected to provide a significant boost to micro, small and medium enterprises in India, alongside ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programs. …

About 70,000 Indian Exporters to Showcase Products During Black Friday Weekend Via Amazon Program
4 years, 1 month ago

About 70,000 Indian Exporters to Showcase Products During Black Friday Weekend Via Amazon Program

News 18  

People in the United States are gearing up for the upcoming Black Friday and Cyber Monday sales, considered as the biggest sales in the country marking the beginning of the holiday season in the US. While customers are gearing up to make purchases for the upcoming holiday season in America, manufacturers and sellers are also sorting supply chains and discounts …

India’s e-commerce battle: Flipkart and Amazon compete for record festive sales
4 years, 2 months ago

India’s e-commerce battle: Flipkart and Amazon compete for record festive sales

CNN  

Hong Kong CNN Business — India’s festival shopping season is underway, pitting the country’s biggest online retailers against each other in a battle to grab a larger chunk of the growing, lucrative e-commerce market. “This is the time when consumers are actually in spending mode,” he said, adding that the roughly one-month salesperiod is expected to account for 18% of …

Over 1 Lakh Local Shops, Kirana Stores to Take Part in Amazon's 'Great Indian Festival' Sales
4 years, 2 months ago

Over 1 Lakh Local Shops, Kirana Stores to Take Part in Amazon's 'Great Indian Festival' Sales

News 18  

Amazon India on Sunday said it has enabled over one lakh local shops, kiranas and neighbourhood stores across the country through its various initiatives, a move that will help serve more customers this festive season. More than 20,000 offline retailers, kiranas and local shops from “Local Shops on Amazon” programme will participate in “Great Indian Festival” for the first time, …

Amazon infuses Rs 1,125cr into India unit ahead of festive sales
4 years, 2 months ago

Amazon infuses Rs 1,125cr into India unit ahead of festive sales

India TV News  

US-based e-commerce giant Amazon has infused fresh capital to the tune of Rs 1,125 crore into one of its India units, Amazon Seller Services, according to regulatory documents. Amazon Corporate Holdings Private Limited, Singapore and Amazon.com Inc Limited, Mauritius have pumped in Rs 1,125 crore into Amazon Seller Services, regulatory documents sourced by business intelligence platform Tofler, showed. Previously, the …

Amazon faces new antitrust challenge from Indian online sellers: Legal documents
4 years, 3 months ago

Amazon faces new antitrust challenge from Indian online sellers: Legal documents

India Today  

A group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the U.S. company favours some retailers whose online discounts drive independent vendors out of business, a legal filing seen by Reuters showed. India tightened regulations last year to deter steep discounts, but small sellers still say Amazon uses complex business structures to …

209 small-medium business sellers became crorepatis in 48 hours in India: Amazon
4 years, 4 months ago

209 small-medium business sellers became crorepatis in 48 hours in India: Amazon

India TV News  

Amazon India on Monday said that over 91,000 small and medium-sized businesses participated in the two-day Prime Day sales which saw 209 SMB sellers becoming crorepatis in 48 hours. Of the over 91,000 SMBs who participated at Prime Day that started at midnight on August 6, more than 62,000 sellers were from non-metro and tier-2 and tier-3 cities across India, …

Local to global: Indian brands, MSMEs using Amazon GSP cross $2 billion in cumulative exports
4 years, 5 months ago

Local to global: Indian brands, MSMEs using Amazon GSP cross $2 billion in cumulative exports

India TV News  

Indian brands, MSMEs that are part of E-commerce giant Amazon's Global Selling Programme have crossed $2 billion in cumulative exports. Amit Agarwal, senior VP and country head Amazon India, said micro, small and medium enterprises are the backbone of the Indian economy and by digitising them, the company is contributing towards boosting exports and job creation that will empower inclusive …

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