August 6th 2024.
Amazon India's country manager, Manish Tiwary, has announced his resignation after serving for eight years. He will continue to assist the company until October to ensure a smooth transition. This news comes at a time when Amazon is facing increased competition in India from players like Flipkart and Meesho, backed by SoftBank, as well as new entrants such as Blinkit, Swiggy's Instamart, and Zepto. These companies are rapidly gaining popularity among busy consumers who prefer the convenience of instant delivery for groceries and household items.
In a statement released on Tuesday, Amazon India expressed its gratitude for Tiwary's leadership and contributions to the company's success. Tiwary, who joined Amazon in 2016, has played a crucial role in making Amazon.in the preferred marketplace in India for both customers and sellers. The statement further mentioned that Amit Agarwal, senior Vice President of India and Emerging Markets, will continue to work closely with the Amazon.in team.
Amazon reiterated its commitment to India, stating that it is an important priority for the company. The e-commerce giant is thrilled about the momentum and business results it has achieved in India and is optimistic about the opportunities to innovate and digitally transform lives and livelihoods in the country.
Moreover, Amazon also reaffirmed its plans to invest USD 15 billion more in India, bringing the total investment to USD 26 billion. This decision was announced by Amazon CEO Andy Jassy after a meeting with Prime Minister Narendra Modi during his visit to the US in 2023. Jassy stated that Amazon is one of the largest investors in India and has already invested USD 11 billion. The company aims to digitize 1 crore MSMEs, enable USD 20 billion in cumulative e-commerce exports, and create 20 lakh jobs in India by 2025.
In a business update shared by Amazon in August 2023, the company revealed that it had already digitized over 62 lakh MSMEs, facilitated nearly USD 8 billion in cumulative e-commerce exports, and generated over 13 lakh direct and indirect jobs in India. Amazon is on track to fulfill its pledges and is committed to partnering with India for its digital growth and development.
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