Amazon India launches fund to help logistics partners
New Delhi, April 29 (IANS) Amazon India on Wednesday said that it has introduced a ‘partner support fund' for small and medium business partners in logistics who have been impacted due to the lockdown.
In a statement, Amazon India said that through the one-time disbursement, the fund will support the partners in multiple ways, which includes enabling them to provide financial aid to nearly 40,000 of their staff for the month of April 2020.
Additionally, the fund will help cover some critical fixed infrastructure costs, and support liquidity and cash flow for these businesses as they resume and scale their operations post lockdown, it said.
Amazon India has extended the Amazon Relief Fund to eligible delivery associates who are part of the Delivery Service Partner Program, Amazon Flex program and its trucking partners providing transportation support.
“The partner support fund for small and medium businesses in logistics will be available to delivery service partners (DSP) and select transportation partners in India to help adjust their business model to the new realities posed during the lockdown,” said the statement.
Akhil Saxena, VP, Customer Fulfilment Operations, APAC, MENA & LATAM, Amazon, said: “Amazon is committed to keeping India safe by delivering essentials to customers at their doorstep. We are equally invested in helping our partners overcome the unforeseen disruption in business. Our commitment to partners and to India is for the long-term, and this fund, in addition to other measures, aims to support SMBs overcome the situation with relative ease.”
The Amazon Partner Support Fund follows the recent announcement of the global $25 million Amazon Relief Fund (ARF) in India. ARF can be utilised by qualifying individuals who have been quarantined or diagnosed with COVID-19.