Amazon today announced it plans to invest US $1 billion to digitally enable micro, small, and medium enterprises (MSMEs) and traders across India, including manufacturers, resellers, local offline shops, and brands. The company aims to digitize 10 million MSMEs with this investment, helping Indian businesses grow by selling online worldwide and enabling US $10B in cumulative exports 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 MSMEs at the inaugural Amazon SMBhav Summit in New Delhi earlier today.
Expose the world to the ‘Make in India’ products
“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.”
The 21st century is going to be an Indian century. The India-US alliance will be the most important in 21st century.-
Jeff Bezos on India