3,500 Bengal MSME Traders Tap Into Global Markets Through Amazon September 24, 2024 MSME Sampark Msme News 0 In a major boost for Bengal’s MSME sector, approximately 3,500 traders have joined the Amazon Global Selling platform this year, expanding their reach to international markets such as the US, UK, Canada, Australia, and Germany. These traders represent a wide geographic area, hailing from districts like Kolkata, South and North 24 Parganas, Burdwan, Howrah, Hooghly, and Darjeeling. This participation highlights the increasing involvement of both urban and semi-urban businesses in global trade. The products being exported cover a diverse range of categories, including textiles, home appliances, kitchenware, luggage, shoes, and lawn and garden items. This expansion is expected to further connect Bengal’s small and medium enterprises (SMEs) with the global economy through e-commerce. Bhupen Wakankar, Director of Global Trade at Amazon India, commented on this growth, stating, “Amazon Global Selling is enabling exporters to reach customers worldwide. Our technology is making e-commerce exports simpler for MSMEs in Bengal and across India. We are dedicated to providing tools that help sellers increase their reach and boost sales.” Wakankar also noted Amazon’s goal to enable $20 billion in cumulative e-commerce exports from India by 2025, aligning with government efforts to enhance export opportunities for small businesses by offering digital infrastructure and global market access. This increased participation in international trade is poised to strengthen Bengal’s economy by providing local businesses with new avenues for growth while introducing global consumers to high-quality products from the region. Amazon’s platform has been a key entry point for Indian MSMEs to access international markets, offering exposure to millions of global customers without the need for a physical international presence. This development marks a milestone for Bengal’s MSME sector, promising enhanced visibility and revenue growth for thousands of traders venturing into global e-commerce. Disclaimer: This article is based on information available at the time of publication and is intended for informational purposes only. The details mentioned, including dates and financial figures, are subject to change. Readers are advised to verify specific facts independently before making any business or financial decisions. Popular Articles Msme News India’s Defence Exports Boost MSME Growth with U.S., France, and Armenia as Top Buyers Msme News Government Extends Interest Equalisation Scheme for MSME Exporters Until December 2024 Msme News Filter Capital Invests USD 10 Million in M1xchange to Strengthen MSME Financing Ecosystem IPO News Hero Motors Withdraws Rs 900 Crore IPO Plans Msme News Tamilnad Mercantile Bank (TMB) Focuses on MSME Growth, Partners with McKinsey for Strategy Development Msme News MSMEs Present Significant Opportunities for UCB Sector: RBI DGM Msme News Telangana Govt Earmarks ₹600 Crore to Boost MSME Sector IPO News NTPC Green Energy IPO: Special Benefits for NTPC Shareholders and Employees Msme News MSMEs Contribution to Economy Set to Rise to 40% by 2027: U Grow Report Msme News AI for MSMEs: Bridging the Gap Between Technology and Business Goals
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