Bengaluru, Nov 23 : In a significant move to enable micro, small and medium enterprises (MSMEs) and boost e-commerce exports from the country, Amazon India has signed a memorandum of understanding (MoU) with the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India.
As part of this MoU, Amazon and DGFT will co-create capacity building sessions, training and workshops for MSMEs across 75 districts identified by the DGFT, which are a part of the Districts as Export Hubs initiative outlined in the Foreign Trade Policy introduced in March 2023, in a phased manner.
Amazon and DGFT will focus on educating MSMEs on e-commerce exports and enabling them to sell to customers across the world.
Amazon will also enable access to a host of third-party service providers that MSMEs can engage with to avail services like imaging, digital cataloging of their products, tax advisory amongst others. With this, Indian entrepreneurs can build their e-commerce exports businesses and global brands.
“We strongly believe that technology adoption will play a crucial role in opening up the export opportunity for lakhs of MSMEs across India and the recent emphasis on e-commerce exports within the FTP’23 marks a promising era for technologically-enabled export activities.
“We are excited about this collaboration with DGFT and we really look forward to playing our part in helping Indian MSMEs and entrepreneurs create strong global brands. Our focus remains on making exports simpler and more accessible to businesses of all sizes as we work toward our goal of enabling $20 billion in cumulative ecommerce exports from India by 2025,” Amazon India Director Global Trade Bhupen Wakankar said.
