e-commerce company AmazonAmazon) will make an initial investment of $3 million in nature-based projects in India. According to a statement issued by the company on Monday, this investment is part of the company’s $ 15 million fund for nature-based projects in Asia-Pacific. According to the statement, under the first allocation for Asia-Pacific, $ 3 million will be used to invest in nature-based projects in India. For its first project, Amazon will work with the Center for Wildlife Studies (CWS) to support communities and conservation efforts in the Western Ghats, which is home to more than 30 percent of all wildlife species in India. Most of the Asian elephants and tigers are found there in the world.
Will help in planting medicinal trees
Amazon will also give $1 million to CWS to help set up the ‘WildCarbon’ program. This will help 10,000 farmers to plant and maintain medicinal trees. Cara Hurst, Amazon’s global vice president for sustainability, said the Asia-Pacific region is home to vast forests and rich coastal environments, but it is also highly vulnerable to climate change, biodiversity loss and land degradation. To protect the region from the effects of climate change and preserve biodiversity, we need to take action both at scale and at the local level, and we are committed to investing in both, he said. Kriti Karanth, executive director of CWS, said Amazon’s help will help in planning and building an event that will be sustainable for a long time. Farmers will get advance assistance in selecting trees that are useful for both their livelihood and wildlife, as well as technical assistance, agro-forestry training and replanting of damaged plants.
Contributed in exports of more than 66 thousand crore rupees
E-commerce company Amazon India has said that it has digitized a total of 62 lakh Micro, Small and Medium Enterprises (MSMEs) and has also enabled exports worth eight billion dollars. The company has issued a statement stating that it has created 13 lakh direct and indirect jobs out of 20 lakh jobs under its 2025 resolution for key focus areas of employment generation, exports and digitization of MSMEs. He said that Amazon is on its way to fulfill its promises.
The company said that in the last one year it has helped create about 1.4 lakh direct and indirect jobs in industries such as information technology (IT), e-commerce, manufacturing, content creation and skill development. Launched in 2021, ‘Amazon Sambhav Venture Fund’ is a $250 million fund that focuses on startups in technology, agriculture and health, among other sectors. Amazon said the fund has invested in startups like Fresh2Home, Hopscotch, Cashify, Smallcase and MyGlamm in the last 24 months.
Amazon India is an Indian e-commerce company, which was established in 2013. It is a subsidiary of Amazon.com, Inc., the world’s largest e-commerce company. Amazon India is a popular platform for online shopping in India, and has over 100 million active customers on its website. The company sells a wide range of products, including books, electronics, clothing, home goods, and food. Amazon India offers quick and free delivery to its customers, and it delivers to more than 200 cities in India.