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Amazon Smbhav Commits $120 Mn to Boost Indian Manufacturing, AI Startups 

  • Amazon India's Smbhav Venture Fund will invest $120 million to support Indian manufacturing and AI startups.
  • The investment aligns with the government's goal of establishing India as a global manufacturing hub.
  • The Smbhav Venture Fund focuses on digitizing consumer goods manufacturing for domestic and global markets.
  • Amazon aims to digitize 10 million small businesses, generate 2 million jobs, and achieve $20 billion in e-commerce exports by 2025.

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