Amazon Aims For $20B In Indian Merchandise Exports by 2025, Boosting Small Sellers: Report
Portfolio Pulse from Anusuya Lahiri
Amazon.com, Inc (NASDAQ:AMZN) is targeting $20 billion in merchandise exports from India by 2025, focusing on small sellers. Bhupen Wakankar, director of global trade at Amazon, highlighted the growth of entrepreneurs on the platform and the demand for 'Made in India' products. Amazon Global Trade has over 100,000 small manufacturers from India, with many experiencing a 70% annual business growth. The company has reduced subscription fees for its global selling program to support exporters. AMZN shares saw a slight increase of 0.10% in premarket trading.
November 17, 2023 | 2:16 pm
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Amazon aims for $20B in Indian exports by 2025, supporting small sellers and reducing global selling program fees. The company's stock saw a minor premarket increase.
Amazon's ambitious export target from India and the support for small sellers could positively impact investor sentiment, reflecting the company's growth strategy in international markets. The slight premarket stock increase indicates a modest positive reaction, but the long-term strategy to expand in India could have more significant implications for revenue growth and market expansion.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100