At the fifth edition of its annual Smbhav Summit, Amazon announced ambitious initiatives to strengthen its commitment to India’s growth, including quadrupling its export commitment.

The e-commerce giant now plans to enable $80 billion in cumulative exports from India by 2030, a significant increase from its previous target of $20 billion by 2025.

This milestone will be achieved by empowering Indian MSMEs, manufacturers and D2C startups through Amazon’s Global Selling Program and expanding the export of Made in India products in categories such as Home & Kitchen, Apparel and textiles, toys and Ayurvedic products.

Amazon also signed a memorandum of understanding with the Department for Promotion of Industry and Internal Trade (DPIIT) to make India a global manufacturing hub. To this end, Amazon has set aside $120 million from its Smbhav Venture Fund to invest in startups focused on digitizing and scaling manufacturing in India, creating thousands of jobs.

Speaking at the summit, Amit Agarwal, Senior Vice President of Emerging Markets, said: “India is a key market for Amazon, and we are committed to empowering small businesses, driving exports and creating jobs. These initiatives align with the government’s vision of a Viksit Bharat and the Prime Minister’s goal of building a $5 trillion economy.

Union Minister Nitin Gadkari welcomed Amazon’s initiatives, highlighting the role of private sector collaboration in promoting innovation, boosting exports and strengthening logistics to accelerate economic growth of India.

In an effort to empower businesses nationwide, Amazon also launched Amazon Freight and Amazon Shipping. These services will offer reliable and cost-effective logistics solutions for middle-mile and last-mile deliveries, supporting businesses of all sizes across more than 14,000 PIN codes.

Amazon has reaffirmed its commitment to its 2020 commitments to digitize 10 million MSMEs, create 2 million jobs and enable $20 billion in exports by 2025. The company has already exceeded some of these targets , having digitized over 12 million MSMEs and achieved $13 billion in cumulative revenue. exports.

With an expanded $350 million Smbhav Venture Fund, a renewed focus on manufacturing startups and its expanded logistics offerings.