Amazon expands Smbhav Fund, commits $120M to boost domestic manufacturing

Amazon has expanded its SMBhav fund to support domestic manufacturing in India. The fund, initially launched in 2022 to promote small and medium-sized businesses (SMBs), will now focus on boosting local manufacturing capabilities. Amazon’s initiative aims to enhance India’s export potential and strengthen the domestic supply chain, particularly in sectors like textiles, electronics, and consumer goods. The move aligns with India’s goal to reduce dependency on imports and create jobs within the country. By providing financial assistance, mentorship, and a platform for product distribution, Amazon hopes to empower SMBs to scale up their operations and reach global markets. The expansion is also intended to accelerate India’s economic growth by creating new opportunities for small manufacturers.