·
Company to establish 100 Digital
Haats to inspire, support, and onboard Indian businesses of all sizes into the
digital economy
·
New investment will enable US$ 10
billion in cumulative exports by Indian businesses selling on Amazon worldwide
by 2025
·
More than 550,000 Indian
businesses are selling on the Amazon marketplace today and over 60,000 sellers are
exporting their “Make in India” products worldwide
Chennai, India—January 29, 2020—Amazonannounced it plans to invest US $1
billionto digitally enable micro, small, and medium enterprises (MSMEs) and
tradersacross India, including manufacturers, resellers, local offline shops,and
brands, recently. The company aims to digitize 10 million
MSMEs with this investment, helping Indian businesses grow by selling online
worldwide and enabling US $10B in cumulativeexports by 2025. As part of this
effort, Amazon will establish 100 Digital Haats in cities and villages
throughout India. Amazon Founder and CEO Jeff Bezos announced the plan in front
of thousands of MSMEsat the inaugural Amazon SMBhav Summit in New Delhi earlier
today.
“We’re committed to being a long-term partner of India.
And actions speak louder than words,” said Bezos. “Over the next five years, Amazon
will invest an incremental US$1 billion to digitize micro and small businesses
in cities, towns, and villages across India, helping them reach more customers
than ever before. This initiative will use Amazon’s global footprint to create
US$10 billion in India exports by 2025. Our hope is that this investment will
bring millions more people into the future prosperity of India and at the same
time expose the world to the ‘Make in India’ products that represent India’s
rich, diverse culture.”
Today, there are
more than 550,000 sellers on the Amazon India marketplaceand more than 60,000
Indian manufacturers and brands are exporting their “Make in India” productsto
customers worldwide on Amazon.With today’s announcement, Amazon will help
Indian MSMEs growtheir cumulativeexports to US$10 billion by 2025 through the
Amazon Global Selling program, which enables businesses to sell on Amazon marketplaces
globally.
Amazon will
establish Digital Haats in 100 cities, villages, and communities to help
businesses integrate into the digital economy. The Digital Haats will provide
services like e-commerce onboarding, imaging and cataloging, warehouse space,
logistics, digital marketing, and compliance. Digital Haats will be in local
neighborhoods and available to MSMEs irrespective of their association with
Amazon. To support local neighborhood shops and kiranas, Amazon will be
expanding the Amazon Easy and “I Have Space” programs to provide additional
income opportunities. Through Amazon Easy, kirana shops will be able to set up
kiosks to provide assistance to their customers in choosing the right product, placing
an order on Amazon and earning commission on the sales. Through “I Have Space”,
local stores can expand their income by using their shops as a mini delivery center
and delivering products ordered on Amazon in their neighborhood.
In addition to the Digital Haats and expansion of Amazon
Easy and “I Have Space” programs, Amazon will continue creating opportunities
for MSMEs across India through:
·
Enabling digital businesses: Amazon willcontinue helping MSMEs through
programs like Saheli, a program that provides training and skills development
to women entrepreneurs to grow their businesses by selling online, and Karigar,
a program to help local weavers and artisans sell their handloom and
hand-crafted products to a large customer base directly on Amazon.
·
Making it easy to sell globally: With tens of thousands of MSMEs– including
local shops, manufacturers, resellers, and brands – already selling their
products worldwide through Amazon Global Selling, the company will continue
investing in best-in-class logistics solutions like Fulfilment by Amazon (FBA)
to ensure any seller – of any size – can seamlessly reach customers around the
world.
·
Growing income by partnering with Amazon:Amazon has made it easier than ever for local
businesses to use their existing space to generate income through programs like
“I Have Space” and Amazon Easy. Thousands of Indian businesses are growing by
partnering with Amazon through logistics programs.
·
Maximizing business efficiency: Indian businesses can harness the power of
cloud technology through specialized Amazon Web Services (AWS) offerings
tailored for MSMEs that lower business costs. With the power of AWS, businesses
can provision the amount of resources that they actually need, knowing they can
instantly scale up or down as their demands change.
Bezos detailed Amazon’s Digitize India pledge in the
first-ever Amazon SMBhav Summit, a two-day event hosting more than 3,000
businesses, traders, startups, and technology solution companies. The event is designed
to provide MSMEsin India an opportunity to engage with Amazon on how to expand
their growth nationally and internationally, share learnings, understand new
opportunities for online businesses in India, and get insights into future
trends. During the Summit, Bezos presented three
Small Business Awards to local Indian businesses for Digital SMB of the year,
Woman Entrepreneur of the Year, and Global SMB of the Year. In addition to
Bezos, speakers included Mr. Narayana Murthy, Co-Founder – Infosys; Mr. Kishore
Biyani, Founder & CEO – Future Group; and other industry leaders from
across the spectrum of digital businesses.
Amazon’s mission in India is to build a sustainable environmentthat
fosters innovation, creates job opportunities, and helps Indian businesses reach
customers globally. The micro, small and medium-size businesses selling on
Amazon.in are locatedacross the country including Tier 2 and 3 cities, where
they are generating jobs and transforming the retail landscape of the country.
About Amazon
Amazon is guided
by four principles: customer obsession rather than competitor focus, passion
for invention, commitment to operational excellence, and long-term thinking.
Customer reviews, personalised recommendations, Prime, Fulfillment by Amazon,
AWS, Amazon Global Selling, Kindle Direct Publishing, Kindle, Fire TV Stick,
Amazon Echo, and Alexa are some of the products and services pioneered by
Amazon. For more information, visit www.aboutamazon.in and follow
@AmazonNews_IN.
Forward-Looking Statements
This press release includes forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. All
statements other than statements of historical fact, including statements
regarding guidance, industry prospects, or future results of operations or
financial position, made in this press release are forward-looking. We use
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reflect management’s current expectations and are inherently uncertain. Actual
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others, fluctuations in foreign exchange rates, changes in global economic
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in new business opportunities and the timing of those investments, the mix of
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risks of inventory management, seasonality, the degree to which we enter into,
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acquisitions and strategic transactions, payments risks, and risks of
fulfillment throughput and productivity. In addition, the current global
economic climate amplifies many of these risks. These risks and uncertainties,
as well as other risks and uncertainties that could cause our actual results to
differ significantly from management’s expectations, are described in greater
detail in Amazon’s filings with the Securities and Exchange Commission (“SEC”),
including its most recent Annual Report on Form 10-K and subsequent filings.
Although we undertake no obligation to revise or update any forward-looking
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except as required by law, you are advised to consult any additional
disclosures we make in our Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K filed with the SEC.
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