MUMBAI, Sept. 14 (Xinhua) -- Global online marketplace Amazon is targeting 5 billion U.S. dollars worth of exports from Indian companies in the current year, a statement by Mapic India said on Wednesday, quoting a top Amazon official.
Indian exporters using the Amazon marketplace have exported 3 billion U.S. dollars worth of goods to 200 countries and regions, said Manish Tiwary, Amazon India's country manager(India Consumer Business) in a statement.
Tiwary was speaking at the inaugural session of the two-day retail summit organized by Mapic India, which was held after a two-year gap following the outbreak of the COVID-19 pandemic.
The pandemic has accelerated the online biz by a decade and it continues to accelerate as consumers in smaller towns of India also have similar aspirations to buy products as a metro city, Tiwary said.
Speaking at the summit, Rajat Wahi, a partner at consulting firm, Deloitte India said, "India's consumption journey has become non-linear after being disrupted due to technology using artificial intelligence, machine learning, data analytics and other cognitive technologies to provide engagements."
Driven by COVID-19 lockdowns, Indian retailers are increasingly adopting tech-based strategy including vernacular commerce, social commerce coupled with omnichannel payment system to reach out to customers, as also improve in-store and online customer experience, Wahi said. ■
