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Archive for the ‘Import Export’ Category

Learn About Foreign Suppliers Through the Indian Import Data

Monday, August 17th, 2015

Importing goods from other countries deepens the relationship of our nation with them. It also shapes the way the business is done between them. The major thing of importing goods from foreign land is that it helps in enhancing the profit level of the companies that manufactures it but it also ruins or damages the domestic industry which also produces the same product but is not able to establish it in the market. The import trade also results in a great amount of money of the country to be spent on different items produced in foreign lands. The Indian Import Data is a good source of information that makes the traders aware about the products which are being imported every year and it also informs them about the latest and recent trends that have been followed in the country in the modern world.

The import trade is considered as a trade that hinders the domestic economy of the importing country and it also damages the small and indigenous industry of the nation. But still no country can survive without importing products from outside, it is because the trade is very essential for the economy. If one is ready with products to launch and sell it in foreign land and enter the international market the country has to be prepared to get imported things for their market. ItâEUR(TM)s simply a two way process, which cannot be ignored. The Indian Import Data gives a great idea about the products and services that are not readily available through the domestic or local market. The traders know very well that there are certain plants, produces and resources which are easily available on foreign lands and thus the demand of the product raises leading to the import of the product in the Indian market.

It has also been observed that some foreign products which are imported to India come at a better price in the long run. Even after considering the shipping and transportation cost the products with its high quality fits efficiently within the budget of the people. The trade business and connection increases the awareness about the presence of certain products in the market which people were not aware of in the past. This trade also enables the local businessman to learn various ways from the foreign manufacturers and to adopt some strategies from them through which they can also succeed in the market.

Another most important thing that the import trade supports is the excellent relationship between two different countries. It also boosts international trading and offers great income opportunity to the producers of certain products. The Indian Import Data reflects the needs and demands of the Indian people for the foreign goods and services.

Indian Import Export Business

Thursday, August 16th, 2012

The import export business in India is the subsequent result of globalization and the growth of trade relations between countries. Through these trade relations the Indian exporters have gained opportunities to expand their businesses overseas.

The Indian products have a huge demand in the foreign markets. The export business in India has been flourishing and according to reports it contributes a huge share to the development of the country. The Indian exporters have succeeded in with standing the stiff competition prevalent in the foreign markets through skilled manpower and quality products.

Some of the Top Import Export Sectors in India

Agriculture: The agricultural industry in India contributes a major share to the import export business as, unlike other countries in the world, agriculture is the backbone of Indian economy. Some of the most valued products in the international market include spices, wheat, rice, sugar, tobacco and tea.

Jewellery: The outstanding collection of jewellery in India is another important export industry. The Indian exporters have carved a niche for themselves in the field of jewellery both within the country and abroad. With intricate designs and exquisite masterpieces which speak volumes of the never fading Indian tradition, the jewellery from India are in great demand in the foreign markets.

Textiles and Apparels: Another sector which contributes a massive share to the country’s GDP is the textile industry. According to recent reports around 30 percent of the total exports include the textile exports. The demand of Indian textiles, with its exemplary texture and colors, has increased its value in the international markets.

Leather Products: The Indian exporters find it easy to market leather products of the country because of its high availability and excellent quality. It is one of those industries which contributes to the growth and development of the nation. Most of the foreign branded companies have invested in the Indian leather industries. It is known to be one of the top export industries in India. The Indian leather shoes, wallets, belts, carry bags are popular in the global markets.

Chemical products: The chemical industry in India is another well known sector where the Indian exporters contribute around 7 percent to the country’s GDP. India has made outstanding achievements in the field of medicine and pharmaceuticals. Almost majority of the chemical products which include dyes, paints, medicines, soaps and other products are exported to foreign countries on a huge scale.

Furnishing products: India with its ethnic designs and traditional styles manufacture home furnishing products like curtains, bed linens, cushions and so forth. These products depict the cultural essence of the country. Since the textile industry in India is one of the best in the world, the Indian exporters make huge profits with the export of these accessories.