Over a Million Small Businesses in India Digitized By Amazon By CIOReviewIndia Team

Over a Million Small Businesses in India Digitized By Amazon

CIOReviewIndia Team | Monday, 21 December 2020, 09:42 IST

  •  No Image

To millions of small and medium companies in India, Amazon is providing digitalization.

The brand has glimpsed 150,000 new sellers joining Amazon’s market platform in 2020, and in addition the pandemic has boosted the adoption of know-how by small and medium companies.

“This is the first time we have measured the impact on SMBs across Amazon, in an organized manner. One of the reasons to do this was Covid-19. Post-covid the seller registration went up by 60 percent. In the ‘Local Shops’ program (launched in April) we now have more than 22,000 stores. The local stores which are looking for alternative income streams, whether they become part of ‘Amazon Easy Store’ or ‘I Have Space’ program, all of that has got accelerated during this pandemic period,” said Manish Tiwary, Vice Chairman, Amazon India.

In line with the 2020 Amazon SMB Influence Report, the SMBs that are under digitization radar by Amazon embody sellers, supply and logistics companions, neighborhood shops, enterprises, builders, content material creators, and authors in India, will be able to present livelihoods for lakhs of individuals.

Amazon, led by Jeff Bezos, had promised to take a position $ billion to digitize 10 million SMBs earlier this year, according to which, it is expected to enable e-commerce exports to price $10 billion and create 1 million incremental jobs by 2025.

A detailed insight by the SMB Influence Report 2020 states the success of over 10 lakh small and medium companies which work with Amazon in India. Amazon earlier announced its providence of copious alternatives for construction and development of their enterprise by promotion of their merchandise online.

Furthermore, it is granting them for exporting ‘Made in India’ merchandise globally, run supply, and logistics corporations. The brand is also permitting them to use cloud for launching and scaling their companies in creation of voice-based apps, and publish their very own books.

 “It’s humbling to see over 10 lakh small businesses associated with Amazon in India. We remain inspired by the undying entrepreneurial spirit, creativity, resolve, and trust in us of businesses and creators, to overcome challenges and grow. Technology adoption and digitization will continue to play a crucial role in offering expanded access and opportunities to SMBs, and we remain committed to invest and partner in their success,” said Amit Agarwal, Senior Vice Chairman and Nation Head, Amazon India.

On The Deck

CIO Viewpoint

5 Strategies To Reduce Your Cloud Cost

By Ritika Sahani, Head - Sales & Marketing, Zservice Desk

How AWS and Public Cloud are Re-defining the...

By Robert Killory, CIO, 3CLogic

Big data meets design: Visual communication in...

By Ivaturi Vijaya Kumar, Co-founder and CTO, Crayon Data

CXO Insights

Multiplying Opportunities In Big Data Analytics

By Diwakar Chittora, Founder & CEO, Intellipaat

Incorporating Blockchain Capabilities into...

By Tamal Chowdhury, SVP, Artificial Intelligence, Course5i

Digital Transformation & Working Remotely Is...

By Rahul Sharma, MD - India, LogMeIn

Facebook