Are you a person who wants to start foreign trade in the nation India? Are you a person who is searching for some profitable import and export business ideas in country India? Are you a person who wants to know how you can start a business of export-import in country India? Here is the list of top 31 most trending ideas that you can try in the year 2019 and with the help of these you will also be able to know how to start export business in India.
In India, the Directorate General of the Foreign Trade (DGFT) organization does monitor and also facilitate the foreign trades. You have to apply for some of the registrations and also licenses of you want to start the export business legally. Here in this list we have compiled a complete step-by-step guide with the help of which you will be able to start the best import export business in India and also get to know how to start import export business in India.
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1. Bio chemicals Import
The trade sector of biochemical import does contribute significantly to the overall GDP in India. This is a segment which does include a good range of products. However, you will have to search for the specific market for some of the specific items.
2. Activated Carbon from Coconut Shell Export
India is country with major coconut production globally. Activated carbon from coconut shell is a foreign trade which is very well established in India. Basically, you should know that activated carbon is a very essential product for the extraction of gold as well as water purification.
3. Aluminum Import Export
Aluminum is a product which has got potential of when it comes to both export as well as import in India. This is a business which demands some specific licenses and also some permission from many different Govt authorities. In some of the cases, you might even have to obtain the permission from the Pollution Control Board.
4. Agrochemical Import
India is a country which does consume a huge amount of the agrochemicals all the year. The list here does include a good range of different type of products. You will be able to import the items here in bulk and further distribute them to the local retailers. The price here is one of the major deciding factors in this type of business.
5. Animal & Vegetable Fat Import-Export
This is also a great option for important but what you will have to to take some things in notice such as sum of the categories has been has prohibited in many countries. You will have to get complete as well as correct information if you want to start this business in India. There are also some necessary permission which you will have to take from the Government of India.
6. Coffee
India is a country with third largest production as well as expert of coffee in all of the Asia and it is also the sixth largest producer and also the fifth largest exporter in the world of coffee. India is a country which accounts for around 4.05 % of the production of coffee globally. Generally Germany, Italy, Greece, Russia, Belgium, Turkey, Jordan, Slovenia, Australia, and Poland are some of the leading importers of the Indian coffee.
7. Cereals & Pulses Export
The import anted cereals are – sorghum, wheat, barley, paddy, millet (Bajra), and maize and many more. India is the largest producer of cereal and also the largest exporter of cereal products all over the world. India’s export of the cereals had Rs. 40,433.24 crores during 2015-16.
8. Diamond Import Export
India is a country which imports rough diamonds and does export the diamonds which are cut and further finished. India is a country which is recognized globally for the Diamond polishing and you will be surprised to notice that out of 15 diamonds every 14 polished in India. Generally, US and the European markets are major destinations where the finished diamonds are imported.
9. Copper Import Export
Copper, reddish brown in the color does have the atomic number 29 and have the scientific symbol ‘Cu’. The largest copper importing countries all around the world does include China, Spain, Germany, and Philippines.
10. Electronic Component Import
India is a country which imports a good amount of electronic components all around the World throughout the year. Where does include industrial items as well as consumer items. This is a business which demands a good investment and also shows a proper strategy of marketing as well.
11. Electronic Toys Import
There are many hot selling toys all around the World each year ear and if you are able to discover the products which are in Trend then you can import them all around the world. There are already many competitors in this field and they had already made a good amount of money by working on this idea.
12. Fertilizer Import
Import of the urea in country is actually restricted and also it is permitted through three different State Trading Enterprises i.e. the State Trading Corporation of India Limited, MMTC Limited and the Indian Potash Limited. Import of all the other fertilizers is free and also the importers are able to import these fertilizers under the Open General License (OGL) according to their requirements.
13. Essential Oil Import Export
Essential oils does represent another product which is value added that can inject life into region are which are flagging in agricultural sector. An essential oil is known as any concentrated, hydrophobic liquid which does contain volatile aroma compounds which is obtained from the plants. These types of oils are generally extracted by the process of distillation.
14. Glass & Glassware Import
If you want to import glassware products, the most important thing here is deciding the Harmonized System codes (Harmonized Tariff System- HTS) for the GLASS and also the GLASSWARE which are mentioned and they help you in the exporting as well as importing of the glass items.
15. Handicrafts Item Export
India is a country which has the major export and is the leading supplier of the handicrafts as well as the gift products to the market. The Indian handicrafts industry is an industry which is highly labor intensive and is also decentralized, it is being spread all over the country in the rural as well as the urban areas
16. Flower Export
The government of India has known gardening as an industry and accorded it 100% export directed standing. Attributable to the steady increase in demand of flower gardening has become one among the vital industrial trades in Agriculture. Gardening product chiefly comprises cut flowers, pot plants, cut foliage, seeds bulbs, tubers, nonmoving cuttings and dried flowers or leaves.
17. IOT Import
IOT does stand for internet of the things. Basically, IOT will be able to provide significant support to numerous areas and also different sectors. These are healthcare, transport, wellness, agriculture, buildings, home, factories, livestock, water supply networks, electric grids, and of also the course individual consumers.
18. Jewelry Export
For jewellery export, you’ll be able to take facilitate of GJEPC. Basically, The GJEPC is that the apex body of the gems trade and nowadays it represents virtually half dozen, 000 exporters within the sector. With headquarters in Bombay, the GJEPC has Regional Offices in national capital, Kolkata, Chennai, Surat, and Jaipur, all of those which are major centers for the trade. It therefore features a wide reach and in an exceedingly position is ready} to possess a better in-depth} interaction with members to serve them in a direct and more significant manner.
19. Machinery Import
Basically, the small-scale manufacturing sector is a sector which is the backbone of the economy of Indian. The machines here are the most important part of any kind of manufacturing business. You will be able to start importing machine as well as the machinery parts from any other countries for supplying them to the domestic entrepreneurs.
20. Leather Item Export
The country graded 1st among major stock holding nations within the world and therefore incorporates a wealthy endowment of raw materials in terms of the oxen population. It’s the capability to cater 100 percent of the worldwide animal skin demand. Today, the arena is amongst prime eight export earners for the country and employs around two.5 million individuals. A significant half (about 60-65%) of the assembly is within the tiny / house sector.
21. Tobacco Export
Tobacco and all of the tobacco products generate revenue of around US$ 2.9 billion to the national exchequer by the excise duty, and also it is around US$ 728.9 million by of foreign exchange each and every year. Actually, India is a country which does export tobacco to around 100 countries.
22. Textile Export
Indian textiles and apparels have a history of fine accomplishment and world attractiveness. Cotton, silk, and also the denim from Asian country are extremely well-liked abroad, and with the upsurge in Indian style talent, Indian attire too has found success when it comes to the fashion centers of the globe. Total exports for apparels and vesture accessories (knitted), stood at US$ seven.65 billion, growing by 15 August 1945.
23. Tea Export
Indian tea is one of the finest countries in the world who does own strong geographical indications, continuous innovation, heavy investments in tea processing units, augmented product mix and also the strategic market expansion. India has a good significant share in international tea market and it has a 12% share of the world tea exports.
24. Sunflower Seeds & Oil Export
The sunflower may be a distinctive, seed plant (Helianthus annuus L.), the seeds of that contain a valuable edible oil that contains additional antioxidant than the other edible fat. Most vegetable oil is employed in food product. The seeds of confection sorts of flower also are sold for human consumption and bird food.
25. Rice Export
Rice does occupy the major share in the India’s total export of cereal with around 93.60%. The major countries for importing of India’s cereals during the early financial year were the UAE, Saudi Arabia, Iraq, Iran and Nepal.
26. Silk Export
Basically, the Indian silk trade is one amongst the biggest generators of employment and interchange for the country. Bharat enjoys a novel world position in terms of production of all commercially helpful sorts of silk. The silk merchandise exported embrace made-ups, natural silk yarns, fabrics, silk carpets, readymade clothes and silk waste.
27. Spice Export
Indian spice does have a record of fetching good amount of foreign money from international trade. If you are a person who has a strong sourcing line then you can try to start exporting spices to some of the foreign countries.
28. Sugar Export
The Central Government has decontrolled the sugar sector part by removing the levy obligation on the mills of sugar and also doing away with the regulated unleash mechanism on the open market sale of sugar. The export of sugar is currently absolved to subject to previous registration of amount with board of directors General of Foreign Trade (DGFT).
29. Pulp or Wood Import
Present import taxes on the chemical wood sulfite, pulp, not dissolving grades as per the Indian Budget which is new. You have to pay the tax for import for the waste as well as the scrap of paper or even the paperboard in India which is under the new Budget 2016-17.
30. Raw Cashew Export
The Cashew Export Promotion Council of India (CEPC) provides the required institutional framework for acting the various functions that serve to accentuate and promote exports of cashew kernels and edible nut shell liquid. Basically, the Council provides the required liaison for conveyance along foreign importers with member exporters of cashew kernels.
31. Plastic Export
The Plastics Export Promotion Council of India which is sponsored by Ministry of Commerce and Industry, Government of India, Department of Commerce, represents the community of exporting in industry of the Indian Plastics.
Conclusion
So this was the complete article on Import export business in India. I hope this article was helpful to you and if you have any questions then you can mention them in the comments down below and if you have any suggestions then you can mention them in the comments as well.