Amazon sees pick up in exports from tier 2-3 cities

BANGALORE: E-commerce majorAmazoniswitnessingapick-up inexportsfromtiertwoandtierthree cities in India through its Amazon GlobalSellingprogramme.

Exporters from Haridwar in Uttarakhand have contributed to $23 million in exports on the platform in 2022, exporters from Sri Ganganagar, Rajasthan crossed $13 million, Neemuch in Madhya Pradesh crossed $1 million in sales and exporters from Kolhapur in Maharashtra crossed $4 million in sales in 2022.

Overall, exports from 25 cities crossed$10billioninsalesin2022.

“Amazon Global Selling has a seller footprint in 200 plus cities and the cities that are doing $ 10 million are the ones people don’t primarily think of for exports and especially ecommerce exports. Sriganganagar in Rajasthan, Kolhapur in Maharashtra and Erode in Tamil Nadu are some of the places. This is giving us confidence that it is a pan India trend,” said Bhupen Wakankar –Director of Global Trade Amazon India.

Amazon started the Amazon Globalsellingprogrammein2015and has 1,25,000 exporters on the platform. The company expects $20 billion in cumulative exports by 2025 and $8 billion in exports by the end of 2023.

In 2022, the company stated that Indian brands with ‘Made in India’ products gained popularity in the international market including Indus Cosmeceuticals Private Limited (beauty and wellness), Aadvik Foods (consumables), Native Fab (home textile), SG Enterprises (toys), Handicraft Home (home décor), and Luxmi Estates

“We are seeing deep diversification over the last 18 to 24 months, where categories like Ayurveda products, essential oil, health and beauty care products are emerging and growing faster,” hesaid.

While the UK, USA and Europe have been stable markets for exports fromIndia,thecompanyiswitnessing demand for exports from emerging markets.

World Shipping Council : MEPC 80 climate targets must be followed by robust regulation

LOONDON: At MEPC 80, IMO member nations met the shipping industry’s call for action on climate, setting a target of net-zero GHG emissionsby2050andinterimtargets for 2030 and 2040. Most importantly, the updated GHG strategy now sets a clear timeline for the development of the lifecycle-based global fuel standard and economic instrument, to be agreed by 2025 and ready for implementationin2027.

“This marks a new beginning for shipping’s energy transition, with clear goals and milestones. There is much to do, and carriers are eager to continue the work together with regulators, fuel providers and technology providers to reach our shared climate targets,” says John Butler, President & CEO of the WSC.

“Liner shipping is already investing in renewable fuel-ready ships, and today’s decision broadcasts a strong global signal for investment to the entire maritime sector. We are counting on the IMO member nations to press on with the important work of developing and adopting a robust regulatory framework that will make these fuels available and competitive. The next two years will be critical – for 2050 targetstobeachievableIMOmember nations must develop and agree on a lifecycle-based global fuel standard and economic measure by 2025, so they can be implemented by 2027,” JohnButlercontinues.

The Liner fleets readiness to achieve GHG reductions creates a demand signal for renewable energy production and supply, but for renewable fuel suppliers to bring production to scale globally this must bematchedbyregulatoryclarity.

Charting the path to decarbonisation

As outlined by WSC in the Six Critical Pathways, reaching netzero by 2050 will require a range of global regulatory initiatives, each addressing different aspects of the transition.