Is it easy to do business on Amazon India?
Amazon India has rich categories and numerous opportunities. Currently, there are more than 400,000 sellers, with over 170 million products selected, covering more than 100 categories. Electronics account for the largest proportion, followed by clothing, with local and Western women's clothing being the main features. FBA has a wide distribution coverage, with more than 50 warehouses across the country, and can basically deliver to all areas covered by Indian postal codes. Up to 65% of orders are sent to second- and third-tier cities where physical shopping is underdeveloped.
Market overview of Amazon India:
1. India has a population of 1.35 billion, the second most populous country in the world. With the development of the Internet, the number of Internet users has increased by 100 million each year since 2018, reaching 830 million per year; the huge population base is the foundation of the scale of India's e-commerce.
2. India's GDP has increased by more than 6% for six consecutive years, reaching 7.3% in 2018. Its GDP is basically equivalent to that of Britain and France. The rapid and stable economic growth has stimulated consumption upgrades and increased purchasing power.
3. In 2018, there were 1-1.2 million online transactions per day, which is expected to quadruple in 8 years to reach US$200 billion. In 2034, it will surpass the United States to become the second largest e-commerce country.
4. Due to the large land area and uneven regional development, local second- and third-tier cities lack physical shopping places, which provides an inherent advantage for e-commerce penetration.
How to open a store on Amazon India?
Information required to enter the Indian site
If sellers are interested in entering the Indian site, they should still follow the entry requirements given by the platform and the investment manager. The information is as follows:
1. Business license of the company;
2. Scanned copy of the legal person's ID card or passport;
3. Email;
4. Mobile phone;
5. Visa credit card billing address and zip code;
6. Visa credit card number, expiration date, and cardholder name.
Amazon India entry threshold
To open a self-delivery store, sellers need to:
1. Have been operating well in other mature Amazon sites for more than 6 months;
2. The front and back of the business license of the Chinese company and the ID card of the legal representative;
3. Submit a tax declaration (get the latest template from your account manager).
To open an FBA store, sellers need to have Indian company qualifications. Chinese sellers can obtain the contact information of third-party service providers currently providing such services from their account managers, and learn more about the characteristics and risks of this model.
This is the end of the knowledge about Indian Amazon in this issue. If you want to get more information about Indian Amazon, please pay attention and we will continue to answer you~
