Small and medium businesses (SMBs) are the backbone of any economy and in a country like India where there are more than 60-70 million SMBs, they play an extremely important role, contributing to a significant portion of consumer consumption spending as well as boosting retail GDP. SMBs are also the fiercest critics of online retail, with brick-and-mortar retailers accusing e-commerce giants of violating Indian law with deep discounts and discriminating against them by promoting big companies.
In what can only be seen as a goodwill gesture, Amazon’s Jeff Bezos last month said his company will invest US $1 billion to bring small businesses online in India. Amazon has had a long-standing relationship with SMBs in India, with the company claiming that in the six years that it has been in the country, the number of SMBs on-board has gone from just 100 to over 5.5 lakh.
“Amazon has more than 60,000 manufacturer and reseller SMBs exporting to 12 different marketplaces around the world. We also enable more than 8 lakh artisans and weavers through our Amazon Karigar program and 2.5 lakh women entrepreneurs through the Saheli program,” explains Gopal Pillai, Vice President, Amazon India Marketplace.
“We are aiming to bring 1 crore SMBs online with us by 2025 and we will generate US$ 10 billion in cumulative sales through the exports program,” he adds.
Denne historien er fra February 2020-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 2020-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Building the Midmanagement is Critical in a Scaling Organisation
Nirav Jagad, Chief People Officer of Sugar Cosmetics speaks about ensuring the right! opportunities for the right talent in a complex omnichannel organisation that is on a fast track to growth
Uppercase Upping the Ante
Travel gear brand Uppercase is upgrading the standard of luggage in India through innovative approach and prodcuts and sustainable practices
The Strategy is to Go City by City and Saturate Each
Gerard McGurk, Head of Retail and Commercial Operations at Index Living Mall and Mahesh M, CEO, Creaticity speak about Thailand's numero uno furniture brand's strengths, its India entry and strategy
Design and Experience Differentiate Indriya from Competitors
Sandeep Kohli, CEO of Aditya Birla Jewellery’s Indriya about the brand’s strengths, strategies and aspirations
At Good Glamm, AI Chatbots Have Slashed Workload by 70-80%
Deep Ganatra, Chief Product & Technology Officer (CPTO), The Good Glamm Group sheds light on the role of technology in the beauty and wellness industry and its impact on personalisation
How Blinkit, Swiggy Instamart, Zepto and Others are Redefining Shopping
A quick snapshot of India’s quick commerce landscape highlighting key players, challenges and opportunities
Electronics and Q-commerce: A Marriage of Convenience
Why more and more electronics and gadget brands are taking to q-commerce
5 ways D2C Brands Can Leverage the Power of Technology
The direct-to-consumer (D2C) market in India is at an exciting juncture, with brands redefining how they operate, innovate, and engage with consumers. But what does the future look like for these brands as they adopt technology?
The Business of Offering Immersive Experiences
Shopping centers are using immersive experiences to attract more shoppers and boost business
5 ways D2C Brands Can Maintain the Growth Momentum
D2C brands should embrace a customer-first mindset, leverage technology, and know when to expand offline to keep the growth momentum going
