Amazon India inks pact with Bengal government to promote e-commerce exports

Amazon India has signed a memorandum of understanding with the Bengal government to promote e-commerce exports.

The initiative, announced on the second day of the Bengal Global Business Summit in Calcutta, is in line with the state’s ambitious target to double exports by the next decade. Total exports from Bengal stood at $13 billion, or Rs 1 lakh crore, growing at a CAGR of 6.1 per cent.

The tie-up with Amazon stands out as it takes a leaf out of India’s newly launched foreign trade policy which calls for $200 billion of e-commerce export by 2030. The central policy aims at setting up dedicated e-commerce export hubs solely focusing on e-commerce.