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Amazon India launches Weavesmart on its marketplace
MUMBAI: Amazon India today announced the launch of Weavesmart, the largest e-commerce store for handlooms in India and an e-marketing partner for the Ministry of Textiles for promoting India Handloom Brand and Handloom Mark products, on its marketplace. Through this alliance, handloom & handcrafted products by weavers from various parts of the country associated with Weavesmart will now be available to millions of Amazon customers across India. Amazon India intends to help these associated weavers reach millions of customers across India and in turn help in empowering them.
Weavesmart brings quality and vibrant weaves such as handloom & handcrafted sarees, dress materials, dupattas, accessories and home & living products from handloom clusters belonging to the smallest of villages in India. Helping the weavers to display their creativity on a large scale, Weavesmart today has more than 3000 weavers in its network and more than 20,000 products.
Talking about this launch, Weavesmart, CEO, Ms. Nishita Manne said “Indian weavers produce some of the finest handloom and handcrafted products which have always found resonance with shoppers across the country. Weavesmart was launched with the objective to bring together the weaving community and buyers and provide a platform to showcase authentic and beautifully handcrafted products created with a lot of passion and hard work by the weavers and artisans. We are delighted to partner with Amazon India as this launch helps to achieve this objective. It will provide the weavers with the opportunity to reach out to millions of Amazon.in customers and expand their sales.”
“In line with our vision to transform the way India buys and sells, Amazon India has been continuously working towards enabling more and more sellers, weavers and artisans to embrace online selling and scale greater heights. Our partnership with Weavesmart is another key step towards our constant endeavor which is aligned with the Government’s ‘Make in India’ and ‘Digital India’ initiatives. With our experience and deep understanding of customers across the country, this launch will help provide a wider reach for these products which in-turn will have a positive impact in the lives of the weavers associated with Weavesmart. We are happy to support Weavesmart and offer them the most comprehensive suite of seller services and requisite tools in this digital journey,” said Gopal Pillai, Director & GM, Seller Services, Amazon India.
There are several pockets in the country with SMEs that offer a rich variety of offerings from apparels to handicrafts to organic products. With the aim to enable more and more of these SMEs as well as micro entrepreneurs like weavers, artisans and craftsmen to benefit from ecommerce and grow their businesses, Amazon.in launched the ‘Kala Haat’ program in 2016 and through its efforts, Amazon India wants to give these craftspersons’ the opportunity to showcase their products. Amazon India has been relentlessly working in collaboration with its on-ground partner Prione to penetrate into deeper regions in the country and put forward the real ‘Make in India’ offering to its customers. There are various initiatives that the company has taken in this direction through government partnerships and conducting workshops across the country.
All products listed by artisans and weavers are available through the ‘Handloom & Handicraft’ store on Amazon.in. Launched in 2016, the store aims at bringing the rich Indian heritage of handicrafts and handlooms to Indian consumers’ doorsteps. The store has enabled craftsmen from across India to come on Amazon.in from across categories such as sarees, jewelry, handbags, shoes and more. Amazon.in has partnered with various government bodies such as DC Handlooms and Gujrat Tribal Development Dept. to onboard 1100+ weavers/cooperatives/artisans in 11 states through 35+ workshops impacting upwards of 1.5 lac weaver & artisan households.
Amazon.in has signed a MoU with the Telangana government to promote their handloom and handicrafts online. In Telangana, APCO (handloom) and Lepakshi (handicraft) have been launched, while in West Bengal & Orissa Amazon.in is working with Tantuja (handloom), Jute Corporation of India and Boyanika (handloom). In Karnataka & Tamil Nadu, Amazon.in has enabled Cauvery Handlooms and Loomworld (handloom) to sell their products online. Amazon.in has also worked with central government agencies like TRIFED & Craft Cottage Industries Corporation to enable ‘Tribes India’ & ‘CCIE’ on the Amazon.in marketplace and has collaborated with UP Khadi & Handlooms to enable the Khadi societies in the state of Uttar Pradesh.
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YES Bank appoints S Anantharaman as chief risk officer
Former Jio Financial Services group chief risk officer takes charge of enterprise-wide risk at the embattled private lender
MUMBAI: YES Bank is not taking chances with risk anymore. The private lender has appointed S Anantharaman as its chief risk officer, a hire that signals the bank’s continued effort to rebuild credibility and tighten the controls that once famously slipped.
Anantharaman arrives from Jio Financial Services, where he served as group chief risk officer and built a risk management architecture spanning lending, payments, insurance broking and asset management from the ground up. Before that, he held the chief risk officer role at Bank of Baroda and senior leadership positions at HDFC Bank and L&T Finance Holdings. Three decades in banking and financial services, in other words, with scars and qualifications to match. He is a chartered accountant and a CFA charterholder.
At YES Bank, his brief is considerable. Anantharaman will oversee the bank’s entire enterprise-wide risk framework, covering credit policy, market risk, operational risk, information security, data governance, analytics, model governance and data privacy. It is, in short, every lever that matters when a bank is trying to prove it has grown up.
YES Bank’s turbulent past needs little rehearsing. What it needs now is exactly what Anantharaman has spent thirty years building: the kind of risk culture that stops problems before they become headlines. The appointment suggests the bank knows it.
