Thursday, July 29, 2021
Home Business Amazon’s MSME, other sellers in India to have space equivalent to 125...

Amazon’s MSME, other sellers in India to have space equivalent to 125 football fields to store orders


Amazon is facing an antitrust probe along with Flipkart by the competition watchdog Competition Commission of India (CCI) for allegations around anti-competitive practices. (Image: Amazon India blog)

Logistics for MSMEs: Ahead of the festive season this year, Amazon is planning to more than double its network of fulfillment centres in India with the expansion of its existing nine centres and launching of 11 new centres. The expansion will increase storage capacity at the company’s fulfillment centres by 40 per cent while the total storage capacity will stand at 43 million cubic feet for its 8.5 lakh sellers, the majority of which are MSMEs. The announcement made by Amazon on Thursday said the network will be spread across a floor area of more than 10 million square feet – more than the land size of 125 football fields. “Expanded fulfillment network will enable sellers to minimize their capital expenditure and focus on building the selection for customers, while Amazon supports them with the storage, processing, and delivery of their orders.” 

“Excited about the expansion plan of our fulfillment network across India, ahead of the festive season. Along with offering 43 million cubic feet of storage space to our sellers, this will create tens of thousands of direct & indirect work opportunities,” tweeted Amit Agarwal, Senior Vice President and Country Manager, Amazon India. The new centres will be based in Maharashtra, Gujarat, Bihar, Assam, Rajasthan, West Bengal, Uttar Pradesh, Telangana, Tamil Nadu, and Karnataka. Amazon said some of these fulfillment centres will be ready ahead of its Prime Day sale event, which is on July 26-27, while the rest of them be operational ahead of the festive season.

Subscribe to Financial Express SME newsletter now: Your weekly dose of news, views, and updates from the world of micro, small, and medium enterprises 

“I am happy to see the focused investments by Amazon across Indian states in building and scaling the state-of-the-art infrastructure. This will play a critical role in supporting MSMEs to jump-start from the economic disruptions of the COVID-19 pandemic and accelerate their journey towards being digital entrepreneurs,” Amazon’s statement quoted Amitabh Kant, CEO, Niti Aayog as saying.

Amazon, which is facing an antitrust probe along with Flipkart by the competition watchdog Competition Commission of India (CCI) for allegations around anti-competitive practices, had recently announced the launch of its first Digital Kendra in Surat, Gujarat for digitization of local MSMEs. The offline center is to help MSMEs become aware of online selling, avail third-party services such as shipping and logistics support, cataloging assistance, digital marketing services, GST, and taxation support to establish their online presence. According to Amazon, it has cumulatively digitised 2.5 million MSMEs in India since its India foray in 2013.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.





Source link

RELATED ARTICLES

4 Guidelines You Can Use To Easily Get More Sales

Sydney has seen unprecedented growth in the number of people doing online transactions. With an estimated 4.34% of the population going in for cashless...

HOW CAN AYURVEDA HELP IN LOWERING BLOOD CHOLESTEROL LEVELS?

High cholesterol levels can stimulate life-threatening diseases. Over time, a plaque build-up on the coronary arteries may lead to restricted heart flow, infection, heart...

Importance of a Property Site Visit in Chennai

Chennai is recognized as one of the fastest-growing cities by the US Forbes magazine. The sustained expansion of the automobile and financial services industry,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

4 Guidelines You Can Use To Easily Get More Sales

Sydney has seen unprecedented growth in the number of people doing online transactions. With an estimated 4.34% of the population going in for cashless...

HOW CAN AYURVEDA HELP IN LOWERING BLOOD CHOLESTEROL LEVELS?

High cholesterol levels can stimulate life-threatening diseases. Over time, a plaque build-up on the coronary arteries may lead to restricted heart flow, infection, heart...

Importance of a Property Site Visit in Chennai

Chennai is recognized as one of the fastest-growing cities by the US Forbes magazine. The sustained expansion of the automobile and financial services industry,...

Top 10 Hair Transplant in Pune

A hair transplant is a medical procedure used to treat baldness. The hair follicles are taken from the patient’s body and implanted where the...

Recent Comments