BusinessIndia

Amazon’s exports to reach $5 bn in 3 years

Hyderabad, Aug 22(GCBusiness) Global technology and e-commerce giant Amazon on Wednesday announced that its exports on global selling platform to reach $ 5 billion in the next three years against surpassing of $ 1 billion exports from India in last year.

Amazon has created 200,000 jobs, both regular and contract jobs, in India, Amazon India country Manager and Senior Vice-President Amit Agarwal, told reporters on the sidelines of the opening of its largest owned corporate building campus anywhere in the world in Hyderabad’s financial district here.

He said under Global selling platform, we help small and medium businesses in India to use Amazon as a platform to reach billions of customers globally.

Agarwal said Amazon had invested $5 billion for India so far and an additional investment of $500 million in retail.
We invest in fulfilment centers to help small business sell nationally and globally, he said

Amazon got a 62,000 employee base in India. With 15,000 work points across 1.8 million square feet in office space is Amazons single largest building in the world, he informed said the structure for which foundation was laid on 30 March 2016; construction work was completed in 39 months. Amazon now has one-third of its employee’s base in Hyderabad and also has three fulfillment centers with 3.2 million cubic feet of storage space, he said

Responding to a question on the possible impact of economic slowdown on e-commerce business, Agarwal said so far there was no impact being felt on e-commerce business as e-commerce was just around three per cent of the total Indian retail market currently.

Global Real Estate and facilities Vice-President John Schoettler, said we have eight buildings in Hyderabad with around 4 million square feet of office space and we will be migrating some of the employees this new facility to accommodate all.

He did not rule out recruiting more for Amazon’s Indian operations.

Source
Via UNI-India

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