Amazon Set to Record $8 Billion Shipments Cumulatively by end of 2023
Amazon stated in a statement on Wednesday that cumulative shipments from India will top $8 billion by the end of 2023. According to the announcement, the Seattle-based company has contacted 1.25 lakh exporters through the platform, which is officially known as Amazon Global Selling. Over 1,200 of them had exceeded Rs 1 crore in sales by 2022, according to the report.
"The idea is to provide Indian exporters with the same tools and level of support that domestic sellers enjoy in their respective international markets," said Bhupen Wakankar, Amazon India's director of global trade.
The company also repeated its prior year's objective of $20 billion in Indian exports by 2025, which it had increased.
"I believe the marketplace is still extremely large, and we're still riding the wave of Indian ecommerce exporters getting onto the global bandwagon in the same spirit that sellers from the US or China did a few years ago," Wakankar said when asked about the risk of recessionary pressures on such exports in the near future.
In 2022, the states with the most exporters were Maharashtra, Delhi, Gujarat, Rajasthan, and Uttar Pradesh. Many of the exporters came from tier 2 cities and beyond, including Haridwar in Uttarakhand, Kolhapur in Maharashtra, and Tiruvallur in Tamil Nadu. Last year, combined exports from twenty-five cities in the country exceeded $10 million.