On January 28, 2021 Department of Industries & Commerce, Government of Karnataka and Amazon India has signed a Memorandum of Understanding (MoU) to help enhance e-commerce exports from the state and also to elevate MSMEs in state to a global level through Amazon Global Selling, an exports program of Amazon.
Aim– To enhance e-commerce exports & MSMEs in the State
Provisions of MoU:
i.As part of the MoU, Amazon will conduct webinars and workshops for exporters from key MSME clusters like Bellary, Mysore, Channapatna and others.
ii.The workshops focus on sharing knowledge and providing training to MSMEs about the following:
- B2C e-commerce exports
- Selling through Amazon’s 17 international marketplaces to over 300 million customers worldwide.
Aim of Workshops– To impart knowledge and tools to MSMEs that enables them to sell their Made in India products and develop their business in international markets (i.e.Over 200 countries and territories across the world) through Amazon Global Selling.
What is Amazon Global Selling Program?
It was launched in India in 2015. It provides opportunities for Indian MSMEs including manufacturers, retailers, brands & traders to grow and scale through e-commerce exports.
In 2019, the program was accelerated by key partnerships with various trade bodies like Tribal Cooperative Marketing Development Federation of India (TRIFED), Federation of Indian Export Organizations (FIEO) among others.
GI Tag Products of Karnataka:
Karnataka has about 48 Geographical Indication(GI) tag products including, Mysore Silk, Mysore Agarbathi, Bidriware, Channapatna Toys & Dolls, Mysore Rosewood Inlay among others
MSME Sector in India:
The MSME sector contributes 29.7% to India’s Gross Domestic Product(GDP) and accounts for 49.66% of exports and about 45% of manufacturing output.
Recent Related News:
On 3rd December, 2020 Agricultural and Processed Food Products Export Development Authority (APEDA) and National Bank for Agriculture and Rural Development (NABARD) signed a Memorandum of Understanding (MoU) to address the key interests of Agriculture and allied sectors for bringing better value to the stakeholders and Implementing Agriculture Export Policy (AEP).
Headquarters– Washington, United States
Founder & CEO– Jeff Bezos