EXPORT FROM INDIA
1. Market Research:
Identify the products you want to export and conduct thorough market research to understand the demand, competition, and pricing in the target countries and also explore potential markets and assess the regulatory requirements and cultural considerations in those regions.
2. Legal Formalities:
Register your business and obtain the necessary licenses and permits in accordance with the law.
3. Product Quality Standards:
Ensuring the quality of the product meet international standards and regulations.
4. Customs Documentation:
Ensuring compliance in accordance with the customs regulations such as preparing commercial invoices, packing lists, bill of lading, and other required documents.
5. Logistics and Shipping:
Making choice of reliable shipping and logistics partners to transport your goods.
6. Financing and Payments:
Ensuring an economic and financial plan to protect against the risk of non-payment by foreign buyers and also decide on the payment terms with your buyers.
7. Market Entry Strategy:
Making a suitable market entry strategy, whether it's direct exporting, using intermediaries like agents or distributors, or establishing a local presence.
8. Networking and Partnerships:
The potential exporters should establish relationships with trade associations, chambers of commerce, and export promotion councils and also attend trade fairs and exhibitions to connect with potential buyers and partners.
9. Compliance with Trade Policies:
The business involved in exports should stay updated on international trade policies and agreements and should also take advantage of preferential trade agreements and benefits provided by the government.
10. Government Support:
The business should explore government schemes and
incentives that support export of goods.
