A strong foundation has been laid down between the two nations after India’s Prime Minister Narendra Modi’s official visit to Russia with President Vladimir Putin to promote bilateral trade and economic relations with a trade roadmap aimed to achieve a 100-billion-dollar (Rs. 8.34 lakh crore) target in annual trade volume by 2030. This is one of the greatest import and export opportunities that every import export businessman should consider for expanding business. The Goal is to improve  Import Export Trade Structure Trade Procedures/Processes Emphasising transactions in Indian Rupees ..read more

I. Brief overview of the import-export industry. If you don’t know where to start the this is where we have covered all the fundamentals of how to start import export business in details! India’s import-export industry, rooted in centuries-old trade routes, is now a major global player. Diverse products, including textiles, pharmaceuticals, and automotive components, contribute to a robust export portfolio.  Crude oil, machinery, and electronics are among the country’s notable imports. Key trade partners span the globe, fostering economic ties worldwide.  Government bodies like DGFT ..read more

Introduction In today’s interconnected world, where borders are more symbolic than physical, the importance of understanding international trade cannot be overstated. The global economy relies on the seamless flow of goods and services, creating a demand for professionals well-versed in the intricacies of import and export. This article explores the significance of import-export courses, delving into the reasons one should consider such education, the types of courses available, and the impact on career trajectories. Why Choose Import-Export Courses? Embarking on a journey to explore import-ex ..read more

Because of natural calamities like rain, Onion production is taking a dip. Because of this Onion prices in Indian market are rising up since last 5-6 months in spite of government interventions like purchasing onion through NAFED and selling it in market at subsidized rates. Government first implied 40% Export Duty on Onion then reduced it to 20% because of resistance of farmers and their organizations. But this didn’t help reduce export and prices as intended. Then Government implied 800$/Mt MEP (Minimum Export Duty) on Onion and it reduced export little bit as this rate was not feasible for ..read more

Introduction             India, a nation with many different cultures, a long history, and lively traditions, is a major force in the world economy. Export-Import Business is essential to the nation’s economic development and the establishment of its position on the global stage. India’s main exports, which range from services in cutting-edge information technology to textiles to Agriculture that have graced the world for centuries, show its broad talents and entrepreneurship. We may Learn Export-Import Business to better understand how th ..read more

Introduction             My name is Kishore Bhosale, aspired to build a career in the import-export industry. I’ve did my graduation in BCA and after that, I successfully finished a 5-day Import Export Course offered at Federation. I gained all fundamental knowledge necessary to expand my understanding of import export Business and I realised the potential in this industry. Then I selected my product and tried to close the export deal, but I was facing challenges in finding reliable customers in the global market. I was having everything ..read more

Introduction While selecting the export product it is necessary to get all facts and figures of your industry and specifically your products. Your decisions should be based on the numbers and not someone’s advice. So, let’s look at what are top products India is exporting. Top Industries and Countries The majorly imported product categories of India are Gems and Jewellery, Engineering, Electronics, Chemicals, Fruits & vegetable. These are some segments in which many products are imported to India in huge amount. Total number of Import was $ 892 US billion in 2022–2023 of which merchandise ..read more

Introduction             International trade is crucial in influencing economies in a world of interconnectivity. India is a major player in the world of imports thanks to its broad market and expanding economy. This blog dives into the specifics of India’s import sector, the operation of the Import Export Business, the major top nations from which India sources its imports, and the most imported goods in India.             An essential part of India’s economy is imports. They help num ..read more

Introduction Every country in this world trade with other countries. Exporters sell products to other countries and importers buy products from other countries. If you look at India, we exported goods worth Billion 447 $ and imported goods worth Billion 714 $. It means in India we are importing thousands of products from many countries. Hence import is quite a big business in India. Starting an import business can be an exciting venture for entrepreneurs looking to expand their reach in the global marketplace. Importing products from other countries not only allows access to a wide variety of ..read more

Table of Contents 1. Market Diversification: 2. Increased Revenue Potential: 3. More Profit Margins: 4. No GST Tax on Exports: 5. Government Subsidy: 6. Risk Management Support: 7. Funding Support: 8. Economic Growth and Development: 9. Personal Exposure and Growth: India is a big country with many products and services to offer to the world. Every business has the potential to sell its products globally. Running an import-export business offers several advantages, such as: 1. Market Diversification: Engaging in international trade allows businesses to diversify their product offerings, mi ..read more