{"id":128233,"date":"2024-09-05T12:22:24","date_gmt":"2024-09-05T12:22:24","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/05\/amazon-plans-5-billion-of-small-ticket-exports-from-india-in-2024-in-shift-from-china-times-of-india\/"},"modified":"2024-09-05T12:22:24","modified_gmt":"2024-09-05T12:22:24","slug":"amazon-plans-5-billion-of-small-ticket-exports-from-india-in-2024-in-shift-from-china-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/05\/amazon-plans-5-billion-of-small-ticket-exports-from-india-in-2024-in-shift-from-china-times-of-india\/","title":{"rendered":"Amazon plans $5 billion of small-ticket exports from India in 2024 in shift from China &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1280\" src=\"https:\/\/i2.wp.com\/static.toiimg.com\/photo\/msid-113097019,imgsize-85360.cms?resize=1920,1280&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Amazon plans  billion of small-ticket exports from India in 2024 in shift from China &#8211; Times of India\" title=\"Amazon plans  billion of small-ticket exports from India in 2024 in shift from China &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI &#8211; <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/amazon\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">Amazon<\/a> Inc plans to export about $5 billion of <!-- -->small-ticket items<!-- --> from India this year, up from nearly $3 billion in 2023, supplying markets such as the United States and Britain, a company official said, marking a shift away from China.<br \/> The move by one of the world&#8217;s largest e-commerce companies underscores India&#8217;s growing role in the global supply chain and reflects a broader trend among multinational corporations to diversify sourcing away from China.<br \/> Walmart Inc plans to hike its supplies from India to $10 billion a year by 2027, up from about $3 billion in 2020. <br \/> &#8220;India is naturally one of the largest sources of selection for Amazon,&#8221; Bhupen Wakankar, director of global trade at Amazon, told Reuters in an interview on Thursday.<br \/> He said Amazon had partnered with the India&#8217;s commerce ministry and trade associations to connect with thousands of small manufacturers across the country, offering products from textiles and jewellery to household items and Ayurveda products. <br \/> Such items are usually easy to post directly to customers abroad and less affected by import taxes than costlier products.<br \/> &#8220;We are investing significantly in tools and technologies to help sellers optimise their reach, enhance product discovery, and increase sales,&#8221; he said, ahead of an exporters&#8217; meeting in New Delhi.<br \/> Amazon and Walmart&#8217;s Flipkart have reshaped India&#8217;s retail landscape in recent years, investing billions of dollars to source supplies from small businesses and attracting consumers through hefty discounts.<br \/> But they face criticism from trading and political groups. <br \/> India&#8217;s commerce minister has accused Amazon and other e-commerce companies of predatory pricing practices and said the sector&#8217;s rapid rise should not disrupt millions of brick-and-mortar stores operating in the country.<br \/> Last June, Amazon announced plans to increase its investments in India to $26 billion by 2030, including funds for its cloud business. <br \/> Through the Global Selling Programme, initiated in 2015, Amazon has enabled about 150,000 small Indian exporters to sell roughly $8 billion worth of products directly to overseas consumers by the end of 2023, Wakankar said. <br \/> The company aims to facilitate $20 billion in cumulative e-commerce <!-- -->exports<!-- --> from India by 2025, he added.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? 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The move by one of the world&#8217;s largest e-commerce companies underscores [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":128234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-113097019,imgsize-85360.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[3865,1289,168,4023,273,1925,5516,103583,64045,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/128233"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=128233"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/128233\/revisions"}],"predecessor-version":[{"id":128235,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/128233\/revisions\/128235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/128234"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=128233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=128233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=128233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}