E-commerce major Amazon on Monday said it has crossed $ 2 billion cumulative e-commerce exports sales from India with Micro, Small and Medium Enterprises (MSMEs) and Global Selling Programme (GSP) of brands since its launch in 2015.
Jeff Bezos, CEO of Amazon had said during a visit to India in January, that US e-commerce company, Amazon will invest $ 1 billion in coming years to digitalise small and medium businesses in India and will work very hard to hit an estimated amount of $10 billion export of Indian made goods by the year 2025. In the previous financial year which was ended on March 31, India’s total exports of goods and services which are sold were estimated nearly at $ 530 billion.
According to India Brand Equity Foundation, the B2B e-commerce market of India is expected to grow to $ 200 billion in the next six years and, competition is rising at a faster pace as everyone is trying to be in the market as there seems to be the potential for growth.
The E-commerce market is becoming more competitive as more participants are trying to get into the market. Several Indian competitors have been into the race to capture this emerging market including TradeIndia.com, ExportersIndia.com and IndiaMart which has publicly registered over 82.7 million registered buyers and 5.55 million suppliers in India as per the financials of 2019.

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