Month: February 2004

India is the largest trading partner of Nepal and shares strong bilateral trade from ages. India has provided a transit facility to Nepal for the third country trade. India has been providing transit services to Nepal for trade with third countries. Both countries’ bilateral trade volumes have been growing consistently over the years. Join import export classes and know more about Nepal and India trade relations. Import export business training gives a better understanding of export import business.  India and Nepal are close neighbours and share a unique friendship. There is free movement of people across the border of the two countries.   Do you know the two countries established diplomatic relations on 17 June 1947. The open border between both countries remains a unique feature of the relationship. Import export business training in Hindi will help you in starting your business easily. 

India and Nepal Bilateral Trade- 

The bilateral trade reached over NRS 976.78 billion during the eleven months of FY 2020-21, with exports from India amounting NPR 886.59 billion (INR 552.44) and import to India from Nepal standing over NPR 90.19 billion (INR 56.20).  The trade in 2018-19 reached INR 57,858 cr (US $8.27 billion). The value of Nepal’s exports to India was INR 3,558 Cr (US $508 million) and the value of India’s exports to Nepal was INR 54,300 Cr (US $7.76 billion).  Nepal’s main imports partner is India accounting for 58% of all imports. Here is the list of some products that you can export to Nepal and make good profit after Covid-19.

Top Profitable Products to Export Nepal after Covid-19: 

1 Petroleum Products  2 Transport Equipment & parts  3 Machinery & parts  4 Rice  5 Medicine  6 Coal  7 Ready garments  8 Crude soya bean oil  9 Telecommunication equipment  10 Agri equipment and electrical equipment  

Some other Products that you can Export to Nepal and earn Good Profit- 

M.S. billet, Cement, Hot rolled Sheet in Coil, Agri Equipment, Gold, and Food. 

Currency Exchange- 

The bilateral trade between both the countries takes place in Indian Rupees. The Indian rupee is convertible in all banks and financial institutions in Nepal. The exchange rate is maintained at NRs 1.6 per Indian rupee.   As part of bilateral cooperation to combat illegal trade, India and Nepal have signed a treaty of transit, a trade agreement, and an agreement on cooperation.  Other than India, some other trading partners of Nepal are China, Indonesia, Argentina, South Korea, Malaysia, Japan, and Germany.  

Covid-19 has impacted both the countries badly but the economy is reviving slowly and has taken up a good speed. Trade between both the countries has started again, this time with more speed and more export import options for both sides.  If you are afraid of China being the competition of India for Nepal, let me tell you-  Nepal is dependent on India for the supply of essential goods and it’s imports from India account for two-third whereas China is just 14%. Talking about exports of Nepal, India receives 60% of Nepal’s total exports whereas China receives only 2%.   Nepal has also come over from the deadly pandemic. Nepal’s foreign trade surged by 79.71% during the first month of the current 2021-22 fiscal year despite Covid-19. 

Conclusion-  

India and Nepal are good friends and you can start your export import business with export import consultancy services. Make sure you choose a profitable product for your business.   Apart from trade India and Nepal also share political and economic relationship. Indian government allocated Rs15.87 billion [IRs9.92 billion] to Nepal in its union budget for fiscal year 2021-22. India has pledged the second largest grant to Nepal among all countries in South Asia.  So, tighten your seat belt and start your export business to Nepal and give your export career a successful destination. For more join Digital Exim advanced export import course.   For more join our webinar. Click on the link given below.  https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do Visit our Website! 

If you’re a full-time businessman or only trying to make some extra money, selling online is a challenging industry – and success always relies on your ability to identify and exploit a competitive edge. We could have a strategic advantage. This is the right time to put a step into import-export services.  Join Digital Exim’s import-export course in Ahmedabad, and you can start your career in import-export services. You can even become a seller on ALIBABA. Our import-export training classes will help set-up your business at the international level under experts’ guidance. Today, in this article, we will show you that being into import-export services, how you can create a new ALIBABA account as a new trader. As a retailer of Alibaba.com, You have an end-to-end distribution service network calibrated to expand your business and help you provide services to your customers.

• Create an Account

As a fresh retailer, you may have various packages/plans to choose from, based on in which country you are running your business.   Follow a set of simple and easy steps to register as a vendor at Alibaba.com and get the entire Business Verification process done to establish trust between you and the potential customers.  You can also have the services of a dedicated account manager to help with the entire process. 

• Showcase your products

It’s essential to add all the items in your catalog to your shop. Getting more items in your shop increases your odds of turning up in your buyer’s search results. This ensures that you can eventually get more publicity and secure more clients as a result. You may post items on an individual basis or streamline the process with a bulk upload tool. When you post goods, the Smart Listing system uses AI to recommend ways to customize each listing depending on how the Alibaba.com algorithm operates and what customers are looking for on-site. Join our advanced import export training classes and keep yourself ahead in the race.

• Build a storefront for your shop

At Alibaba.com, you get a multi-page shop wholly devoted to your company, where you can have a unique digital presence to make your company stand out and highlight your products.  Your storefront is simple to set up, with no information technology skills required. This one shop front is a valuable advantage because consumers worldwide can find it and see the brand and goods in 18 various languages auto-translated from Alibaba.com.

• Reply to the customer queries.

After listing your items, you will begin to obtain inquiries from prospective customers. As a real B2B site, Alibaba.com lets you own a partnership with your customers—messaging back and forth and negotiating rates.  Inquiries who respond within four hours get 30 percent further follow-up replies from prospective customers. Don’t worry if you are not aware of the trade business and customer queries’ tactics – join our import-export training classes to learn more.

• Secure the orders and payments

Maintain adequate end-to-end experience for customers with Trade Assurance and Support, Alibaba.com Order Security and Safe Payment Services.  This platform makes it easier for customers to trust the work of sellers around the world whom they will never see in person – making it easier for you to close the deal. This will also help you streamline the workflow with all notifications, requests, and payments in one place.

Top 3 Benefits of selling on Alibaba.com

If you are into import-export services, here are the top 3 benefits you and your business get being a seller on Alibaba. 

• Global Reach 

As we have covered, Alibaba is currently among the most significant websites in the biggest Online market in the world. 

• Get the right customers.

If you’re searching for distributors, exporters, or wholesalers, Alibaba is a real gold mine to find fantastic vendors and to purchase premium goods that can be sold online.

• Always stay ahead in the competition.

Alibaba offers you a fantastic opportunity to discover goods that your rivals are not even aware of and to optimize the value of openings that they might not yet have noticed. Digital Exim is a leading organization that provides the services of the import-export course in Ahmedabad. Till now, under the label of Digital Exim, 10,000+ students have become a successful international businessman through our primary and advanced import export training classes.  

Bottom Line

Do not worry if you are new to the import-export services; you have arrived at the right place. Join Digital Exim’s import-export course in Ahmedabad to get the best return as we are having 12 years of digital experience and 33 years of Exim experience. Call us on +91-9505506333 for import-export training classes and drop your queries at info@digitalexim.com.