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Amazon Supports Small & Medium business in India through Digital Transformation

Ali Raza by Ali Raza
May 2, 2021
in FX Industry
Reading Time: 3min read
Amazon Recorded First Loss Since 2015 As Shares Lost 10%
Rate this post

Amazon India commits to supporting 10 million small and medium-sized businesses in India through digital transformation. This will provide modern software solutions for these businesses.

Amazon Web Services (AWS), a cloud platform, has launched Amazon Digital Suite to be used on Amazon.in. The forum will offer various software solutions that will support small and medium businesses in the country to digitize business processes and ensure their business can be accessed on online platforms.

Running on this platform will ensure that many businesses offer various solutions in different areas of business, including accounting, customer support, and human resources.

Amazon Digital Suite

The Amazon Digital Suite offers a variety of solutions in payment and credit systems. The platform provides the very best that Amazon provides to make services affordable, accessible, and value-driven. The president of the program in India will ensure that the power of the cloud can easily be accessed by these businesses and be deployed in a simple manner.

Amazon also hopes that the platform will help these businesses get over the challenges relating to technology adoption. These businesses will have an easy, affordable and straightforward way of enhancing innovation in businesses, thereby accelerating growth that will positively affect India’s economy.

Amazon’s Presence in India

Amazon has been heavily investing in India’s economy by offering support to SMB businesses in the country. The platform recently invested around $1 billion to help these businesses. It has now pledged to digitize 10 million SMBs in the country between 2021 and 2025 and boost the workforce process.

The platform has so far managed to digitally transform 2.5 million businesses in the country with a cumulative export value of $3 billion. By doing this, the firm has also created around 1 million jobs in the country.

The Amazon India Marketplace has also been doing reasonably well. The firm platform is now available in four major languages spoken in India, and it has attracted at least 75,000 sellers. Before this, Amazon had launched ‘Local Shops on Amazon,’ which has grown tenfold since it was established. The platform has over 50000 offline sellers.

Armit Agarwal, the senior vice president of Amazon India, stated that since the world had transformed digitally, it was time to embrace it in major processes. Powering SMBs in India will boost the progress of Amazon towards promoting the growth of SMB in India. It will also help India’s economy to grow as the wave of digital transformation is witnessed globally.

Tags: Amazonf(x)ForexTrading

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