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Today Date : Sunday, June 23, 2024

Amazon and DGFT sign MoU

Amazon and DGFT sign MoU

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’23, in a phased manner. The initiative seeks to link local producers in rural and remote districts with global supply chains. The MoU was signed in the presence of Shri. Santosh Sarangi (Additional Secretary and Director General of DGFT), Chetan Krishnaswamy (Vice President, Public Policy – Amazon) and Bhupen Wakankar (Director Global Trade – Amazon India).

    Shri. Santosh Sarangi Additional Secretary and Director General of DGFT - “To promote e-commerce exports from the districts, DGFT is collaborating with the various e-commerce platforms to hold training and capacity building sessions in the districts. In first such collaboration with different e-commerce platforms, DGFT is collaborating with Amazon as a step towards our goal of enabling $200-300 billion in ecommerce exports from India by 2030.”

  Bhupen Wakankar, Director Global Trade at Amazon India said, “We strongly believe that technology adoption will play a crucial role in opening up the exports 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. 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.”