HT Bureau
GUWAHATI, May 15: Amazon India, on Sunday, announced that it has cumulatively created more than 11.6 lakh direct and indirect jobs, enabled nearly USD 5 billion in cumulative exports, and digitised over 40 lakh MSMEs in India to date. Notably, in January 2020, the company pledged to digitise 1 crore MSMEs, enable USD 10 billion in cumulative exports and create 20 lakh jobs in India by 2025.
At Amazon Smbhav 2021, its annual event, Amazon announced the USD 250 million Amazon Smbhav Venture Fund to invest in startups and entrepreneurs who are focused on technology innovations. The fund is focused on supporting entrepreneurs and startups that are doing innovative work in the area of SMB digitisation. As part of the fund, Amazon has already invested in ‘MyGlamm’, ‘M1xchange’, and ‘Small Case’.
Manish Tiwary, country manager, India Consumer Business Amazon India said, “We have cumulatively created over 11.6 lakh jobs, enabled nearly USD 5 billion in exports, and digitised over 40 lakh MSMEs in India. As we continue to work with MSMEs across the country, we remain committed to bringing new tools, technology, and innovation that will unleash the entrepreneurial spirit of Indian businesses, boost exports from the country and help create jobs at scale. We strongly believe that technology and mobile internet will continue to impact India’s economic growth positively, and we see Amazon playing a larger role in the country’s digital transformation and a modern, thriving digital economy.”
