Amit Agarwal, Senior Vice President (SVP) of India and Emerging Markets, Amazon said the visitor has partnered with the Indian postal service and the Indian Railways.
The utterance was made at Smbhav, derived from the word Sambhav in Hindi, which is Amazon’s event focused on educating Micro, Small and Medium Enterprises (MSMEs) on the opportunities that technology makes possible.
First-of-its-kind defended freight corridor
Through this partnership it will establish a defended freight corridor which Amazon will use to speed up deliveries for its seller partners.
“We have been partners with the Indian postal service for a while.
This will create the first-of-its-kind, seamless, integrated cross-border logistics solution.
Now, the idea of somebody sitting in the corner of the country (India) can ship products to customers in New York just becomes increasingly real,” Agarwal said at the event.
He shared that the partnership with the Indian Railways for a defended freight corridor is the first-of-its-kind for any e-commerce company.
Gen-AI powered assistance
Amazon is moreover hopping on the generative AI bandwagon as it spoken Sahay, meant to help plane small businesses in the country wangle and goody from the power of generative AI.
“It’s a unconfined way for sellers to ask questions. Whether they want to register, list items, get help, expand sales and be increasingly successful, Sahay will help.
“I’m very excited to bring the power of generative AI to Indian small and medium businesses starting now and that should be pervasive going forward as well,” Agarwal said.
Transformation through AI
They expect this technology to lead to a well-constructed transformation of the business.
“We think in the next 10 years, there won’t be any speciality of our merchantry that won’t be transformed in some meaningful way by this (generative AI).
There won’t be any way that we do our merchantry today that AI won’t transform,” Russell Grandinetti, SVP – International Consumer at Amazon spoke at the event.
Job megacosm in India
Since June 5, 2013, when it first opened here, the visitor cumulatively created over 13 lakh uncontrived and indirect jobs wideness e-commerce, logistics, manufacturing, content creation, skill minutiae and others.
Country throne Manish Tiwary said, “Of the 13 lakh jobs, 1.4 lakh jobs were created in just the last one year”.
Support for small businesses and startups
Outside of its offerings in India, it has moreover been nonflexible at work at supporting MSMEs by way of job creation, investment pledges and digitisation.
By this time last year, Amazon had digitised 4 million (40 lakh) small businesses and the wiring has now increased to virtually 6.2 million (62 lakh), Tiwary said on August 31.
It plans to digitise 10 million small businesses, enable $20 billion in exports and create 2 million jobs by 2025.
Recently it spoken Amazon Smbhav through which it has invested in startups like Cashify, FreshToHome and others.
Investment in India
Over the decade of its merchantry in India, Amazon has invested over $6.5 billion to grow various segments such as e-commerce and video-streaming through Prime.
CEO Andy Jassy said it would invest an additional $15 billion in India by 2030, taking its total investment commitments in the country to $26 billion wideness businesses.
This includes the $12.7 billion that Amazon Web Services (AWS) said it would invest in India by 2030.
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