Amazon raises cumulative export target from India: $80 billion by 2030

Says it's on track to reach $20 bn goal in exports by 2025

After watching the rapidly growing quick commerce space in the recent months, the India business of the Seattle-headquartered Amazon has decided to take a plunge in it. In yet another significant announcement, the company has announced raising its cumulative export target from India to $80 billion by 2030 from $20 billion by 2025, in line with the firm’s commitment to ‘Viksit Bharat’.

 

The firm is on track to reach its previous target of $20 billion in exports by 2025, after reporting $13 billion this year, according to top executives. Amazon’s rival Walmart too is stepping up its India sourcing targets.