74th Day Of Lockdown

Maharashtra80229286942849 Tamil Nadu2869415762235 Delhi2633410315708 Gujarat19119130111190 Rajasthan100847359218 Uttar Pradesh97335648257 Madhya Pradesh89965878384 West Bengal73032912366 Karnataka4835169357 Bihar4598223329 Andhra Pradesh4250256573 Haryana3597120924 Telangana32901627113 Jammu and Kashmir3142104835 Odisha247814819 Punjab2415204347 Assam19894434 Kerala170071215 Uttarakhand115328610 Jharkhand7642975 Chhatisgarh6781892 Tripura6221730 Himachal Pradesh3691636 Chandigarh3022225 Goa126570 Manipur124110 Puducherry90330 Nagaland8000 Arunachal Pradesh3710 Meghalaya33131 Mizoram1710 Sikkim200
Business Companies 30 Apr 2019 Amazon's India unit ...

Amazon's India unit sees 56 percent rise in export merchants

REUTERS
Published Apr 30, 2019, 5:20 pm IST
Updated Apr 30, 2019, 5:23 pm IST
More than 80 pc of current export vendors were from small towns and cities, vice president of seller services Gopal Pillai said.
Amazon is fighting with Walmart’s Flipkart for market share in India, while dealing with changes in government rules. (AP Photo/ File)
 Amazon is fighting with Walmart’s Flipkart for market share in India, while dealing with changes in government rules. (AP Photo/ File)

Bengaluru: Amazon.com Inc’s India unit saw a 56 per cent rise in the number of local merchants selling to international markets, hitting export sales of over USD 1 billion, the company said on Tuesday.

Indian merchants were exporting more than 140 million products on Amazon’s app and website, with cumulative sales expected to top $5 billion in the next four years, country head Amit Agarwal told reporters in Bengaluru.

 

Amazon launched its Global Selling Program in 2015, as part of its efforts to get more small-and-medium sized vendors on board. Vendor consolidation is key in India, which is among the Seattle-based company’s top growth markets.

More than 80 per cent of the company’s current export vendors were from small towns and cities, vice president of seller services Gopal Pillai said.

Amazon is fighting with Walmart Inc’s Flipkart for market share in the country, while dealing with changes in government rules.

In February, a new set of ecommerce regulations caused widespread disruption on Amazon’s India website, when products started disappearing from its virtual shelves for some time.

Agrawal said Amazon was fully compliant with government regulations.

...
Location: India, Karnataka, Bengaluru




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT