Author: digitalexim

Export Incentive schemes are a token of acknowledgement by the government. Also, bringing foreign exchange & compensation for various economic problems. So, let’s check out in detail about the Export Incentives & other important details. 

“With proper infrastructure and packaging, India can certainly become a global player in agricultural exports.”

– Subramanian Swamy

Indian Economy’s Take 

Currently, India is doing well economically as compared to early pandemic days. “Despite the coronavirus situation, our growth story, which we feel is intact, is also accepted by others, who are ready to invest in India,” Tarun Bajaj Said. Over and above, things will be fine soon. Provided incentives, ensure higher reach of local goods & growth of Indian Export business. However, incentives are provided keeping in mind particular products. So, Indian economy encourages exports through different export incentive schemes. 

How Indian Govt. Promote Export in India

To increase competitiveness in the global market, the government collects less tax from exporters. This definitely motivates all the exporters. After all, export promotion schemes are made for this only. Indian economy, one of the fastest growing economies in the world. So, export incentives in India pushes exporters socially independent & other liberal policies. Inshort, every year specifies the details of export assistance & incentives. Let’s Check Out in detail about various export incentive schemes. 

Export Incentive schemes

100% Export Oriented Units: The Export Oriented Units Scheme was introduced in the year 1980, 31st December. These units are mainly free from import licensing formalities. The Free Trade policy 2015-2020 also extends benefits to goods production & services made in EOU. For More Details, visit foreign trade portal page. 

Duty Exemption Scheme: Under this scheme, it allows duty free import of certain raw materials, certain components & spares for export production. Basically, it covers advance license, blanket advance license & advance customs clearance permits. Overall, it provides enough benefits to all indirect exporters. 

It mainly includes below schemes:

Advance License for Annual Requirement: Only One to Five star export houses are entitled for advance license. 

Duty Drawback Scheme:  This scheme allows exporters to get a refund on customs custom duty paid on imported goods. The re-export should take place with stipulated time to be eligible for the drawback. 

Advance Authorisation Scheme: Under this scheme, advance duty free import of input if they are physically incorporated in a product. That is going to be exported. Here, it might include fuel, oil & catalysts. Export obligation is set as a condition for issuing ‘Advance Authorisation’. 

Import – Export PassBook Scheme: Under this scheme, manufacturers, export & trading houses can have a good track record of exports, to import duty free raw materials. So, this scheme is beneficial for well established manufacturers. 

Exemption of Sales Tax: For exports, there is an exemption from excise duty, import duty & sales tax. Overall, if the exports earning are negative, no duty drawback is paid on claims. 

Tax Exemption On Earnings: 50% for calculator tax, the profits earned on export earnings gets deducted. An individual or a company can take the benefits of it. 

Other Export Benefits In India

Let’s get this in mind, the government encourages exporters. Also, Export Incentives in India are just super amazing for exporters. 

Gold Card Scheme

Status Holder Scheme

Market Access Initiative (MAI) Scheme

Export of Goods under Bond

Towns of Export Excellence

Marketing Development Assistance (MDA) Scheme

Digital Exim – Giving Best Guidance For Your Export Import Business 

Like Export Incentive Schemes, there are many other factors for your business. Some negative, many positive. So, to guide you in the best possible way, digital exim is the best choice for you. Now, check out all our social media platforms & explore our super amazing content. Or, call us on 9505506333 Today!!

Conclusion:

When the government is with you, there should be no problems. Here, the government is keenly interested & that’s why they encourage exporters. As we know, exporting helps the whole economic conditions. Not only for nations, there are numerous benefits for exporting your products Internationally. So, still thinking more? There is no room of excuses in a champion’s doors. Join Digital exim, India’s fastest growing export import consultancy group. So, get A to Z consultancy of export import under experts. Call on 9505506333 to start your golden journey of export import with us. East or West, Digital Exim is always the best. 

Sales of goods and services overseas with earning a good profit is export whereas buying of goods and services from different countries to fulfil countries’ needs is called import. Export import is accountable for trade expansion in both local and international markets. Export import course will give in-depth knowledge about export import business.

Trade Opportunity with Indian Market-

India is the 2nd most populated country in the world, so one can guess the number of opportunities the Indian Market provides. There are a number of resources that can be exported and there are many products that we Indians lack for import. You just have to find one particular product you want to export or import. There are many profitable products for your new export business like Car parts, Tea, Textile, Organic food, Organic Chemical, Glassware, Copper, and many more.   Similarly, for import you can go with- Agrochemicals, Medical Equipment, Tech Accessory, Bio-Chemicals, Electronic Components. 

Export benefits from government- To grow the GDP of a country, export plays a very important role in it. Countries get foreign currency from export business which reflects in the economy of the country. So, for making countries’ profit and to appreciate export business, the Indian government gives some benefits or incentives to exporters. These benefits can be in the form of-

• Credit Facilities- Government benefits can also be obtained as credit facilities like it helps export traders at low-cost loans.
• Subsidies on export prices- It helps the exporter to deal with the high export prices. It reduces the expense of export so that trade can be made more efficiently.   
• Tax concession- It involves duty free import of inputs for export production.
• Financial guarantees- In this government provide provisions of covering bad loans. 

  There are three types of export benefits-

1 Export from India Scheme 2 Duty Exemption/ Remission Schemes 3 Export Promotion Capital goods Scheme  

Best 3 Products to Export from India-

1 Petroleum Products– It is among top exports from India. Petroleum products have supported a better economy by earning around 61 billion dollars from exports.  2 Automobile- Automobile sector has risen by 17%. Report based on 2020 states India earned 17.2 billion dollars from exporting automobiles. 3 Machinery- There has been a huge increase in the export of heavy machinery. Report based on 2020 states India earned 21.2 billion dollars from exporting machinery.  

Best 3 Import Products from India-

1 Crude Petroleum– One of the major imports of India is crude oil. India imported crude petroleum worth 7.24 billion dollars. 2 Pearl, Semiprecs stones – India imported pearls and semiprecs stones worth 2.23 billion dollars. 3 Vegetable Oils- India imported vegetable oil worth 1.42 billion dollars to fulfil domestic needs.  

Requirements needed to start Export Business in India: 

• Establishing an Organisation
• Opening a Bank Account
• Obtaining PAN Card
• Obtaining IEC (import export code) Number
• Registration cum membership certificate (RCMC)
• Selection of product
• Selection of Market
• Finding Buyers
• Sampling
• Pricing/ Costing
• Negotiation with Buyers
• Covering Risk through ECGC

 World is full of surprises, turn around and you will get your answer. This world gives a huge market to export or import. Just make sure that you are delivering or buying the right product for the right place, and for the right people. If you are still confused, import export business course to get the solution. For more details visit us to know about the export import Industry.

Currency Exchange Rate is one of the factor that confuses our exporters and importers. Today this blog will make Foreign Currency Exchange Rates clear for Indian Exporters who wish to start their Exporting Trade. This blog also aims to explain how Foreign Currency Exchange Rates affect Export Import Trade. Export Import Courses are for entrepreneurs who are interested in International trade but have zero to minimum knowledge about the same. The Foreign Exchange Rates depends majorly on the consumer’s demands for a particular product or a bunch of trendy goods. Export Import Trade provides the consumers of the world a horizon of choices. And because they are usually manufactured more cheaply than any domestically produced equivalent, imports help consumers manage their strained household budgets. 

Exchange Rate Regime-

1 Fixed Exchange rate- It is a type of exchange rate in which a currency’s value is matched to the value of another single currency or any another measure of value. A currency that uses a fixed exchange rate is known as a fixed currency. 2 Floating Exchange Rate- It is a type of exchange rate in which a currency’s value is allowed to fluctuate according to the foreign exchange market. A currency that uses a floating exchange rate is known as a floating currency. 3 Linked Exchange Rate- It is used to equlise the exchange rate of a currency to another. Let’s now understand some of the terms widely used in Foreign Exchange Rates and then concrete on how Export Import is influenced by the same.

• Gross Domestic Product:

Gross Domestic Product most commonly known as GDP is a broad measurement of a nation’s overall economic activity. Export and Import are an important component of the Expenditure method of calculation of GDP.  

Here’s how GDP is calculated:

GDP = C + I + G ( X – M ) In this Equation, C = Consumer spending on goods and services I = Investment spending on business capital goods G = Government spending on public goods and services X = Exports M = Imports In the above equation, Export minus Imports (X-M) equals Net Exports. When exports exceed imports, the net exports figure is positive. This indicates that a country has a trade surplus. When exports are less than imports, the net exports figure is negative. This indicates that the nation has a trade deficit.

• How Export Import affects the Economy of a Nation:

The economic growth of a country depends on Trade Surplus. When there are more exports, it means that there is a high level of output from a country’s factories and industrial facilities. It also means that a greater number of people are being employed in order to keep these factories in operation. When a company is exporting a high level of goods, this also equates to a flow of funds into the country. This stimulates consumer spending and contributes to the economic growth of the exporting nation.

The opposite of this applies to imports. When a country is importing goods, this represents an outflow of funds from that country. Local companies are the importers and they make payments to overseas entities or the exporters. The nation’s economy is used outside of the nation, but it doesn’t always have a negative effect. A high level of imports indicates robust domestic demand and a growing economy. If these imports are mainly productive assets, such as machinery and equipment, this is even more favourable for a country since productive assets will improve the economy’s productivity over the long run. A healthy economy consists of both exports and imports picturing a healthy flow of currency in and out of the nation. This typically indicates economic strength and a sustainable trade surplus or deficit. Let’s understand what happens to the economy of a nation when one of two factors is more than the other. If exports are growing, but imports have declined significantly, it may indicate that foreign economies are in better shape than the domestic economy. Conversely, if exports fall sharply but imports surge, this may indicate that the domestic economy is faring better than overseas markets. It can be concluded that rising levels of imports and a growing trade deficit can have a negative effect on one key economic variable, which is a country’s exchange rate, the level at which their domestic currency is valued versus foreign currencies.

• Export Import Impacts on the Exchange Rates:

The relationship between a nation’s imports and exports and its exchange rate is complicated because there is a constant feedback loop between international trade and the way a country’s currency is valued. The exchange rate has an effect on the trade surplus or deficit, which in turn affects the exchange rate, and so on. It means, a weaker domestic currency stimulates exports and makes imports more expensive. Conversely, a strong domestic currency hampers exports and makes imports cheaper.

For example, consider an electronic component priced at $10 in the U.S. that will be exported to India. Assume the exchange rate is 50 rupees to the U.S. dollar. Neglecting shipping and other transaction costs such as importing duties, for now, the $10 electronic component would cost the Indian importer 500 rupees. If the dollar were to strengthen against the Indian rupee to a level of 55 rupees (to one U.S. dollar), and assuming that the U.S. exporter does not increase the price of the component, its price would increase to 550 rupees ($10 x 55) for the Indian importer. This may force the Indian importer to look for cheaper components from other locations. The 10% appreciation in the dollar versus the rupee has thus diminished the U.S. exporter’s competitiveness in the Indian market. At the same time, assuming again an exchange rate of 50 rupees to one U.S. dollar, consider a garment exporter in India whose primary market is in the U.S. A shirt that the exporter sells for $10 in the U.S. market would result in them receiving 500 rupees when the export proceeds are received (neglecting shipping and other costs). If the rupee weakens to 55 rupees to one U.S. dollar, the exporter can now sell the shirt for $9.09 to receive the same amount of rupees (500). The 10% depreciation in the rupee versus the dollar has therefore improved the Indian exporter’s competitiveness in the U.S. market. This is how Export Import affects Foreign Currency Exchange Rates. Every nation’s economy is affected by its imports and exports to a greater or a lesser extent. Hope you like this blog and find it helpful for understanding currency exchange rate. For more such information join export import course.   Do find the time to visit us!  

While the whole world was at a pause, the Exim Industry was running and earning. As this stands true, the Indian Export Import Trade saw a humongous growth in 2021 too! 

During the lockdown last year, all small and big businesses were forced to Work from home or shut down. Small businesses took most of the burnt of the lockdown. The local traders had nowhere to trade and no one to sell their products to. 

The local markets were shut down and only essential services were allowed to work. Even at such trying times, export import trade was running smoothly.

India saw huge growth in March 2021 backed up by an increasing number in April, in Export Import Trade in India.

It was estimated that India’s Exports will increase 197 per cent in April 2021 compared to April last year’s exports. 

Here are some goods that saw a maximum export in 2021:

• Petroleum Products
• Pharmaceutical products
• Engineering goods
• Gems and Jewellery
• Cereals and Pulses
• Organic Chemicals

Many small and big businesses were grounded by the lockdown,  many dreams were shattered. But those that struggled and survived the lockdown are going strong now.

A lot of small businesses came into existence due to the world spread crisis. Many low-income households were either forced or inspired to start up a local trade. May that trade be making household masks or making homemade clean snacks for the local customers.

Local businesses strived and flourished. India saw a number of startups during the lockdown and witnessed many big players making bold moves.

In 2021 this upward trend of Export Trade continues. March saw a hike in international trade and this continued in April too.

Engineering goods export records 234.63% rise in April 2021. A sharp jump in shipment is because of the low-base effect and it has also been supported by robust demand.

In the last few months, this remarkable performance of the engineering goods sector n the last few months is reassuring for Indian exporters who took the fall because of the Covid Situation.

Healthy export growth in labour-intensive sectors such as jute carpet, handicrafts and leather indicate that demand is picking up in the western markets.

India’s exports in April jumped nearly three-fold to USD 30.21 billion on account of healthy growth in key sectors including engineering, gems and jewellery and petroleum products

Not just agriculture goods and pharma but all other sectors have bounced back indicating a big confidence booster and the emergence of a stable market order. The US and China accounted for a majority of the exports from India.

Talking about the growth in the MSME sector, the Micro, Small and Medium sectors all saw a huge growth in international markets.

The Micro sector’s manufacturing department recorded 5 Cr Inr of turnover with the service department also making the same progress.

In the Small sector, both manufacture and service departments saw 50 Cr Inr of turnover with Medium sector showing 250 Cr Inr of growth.

These numbers are the witness of India’s growth in export trade. MSME sector is the proof that no matter what India and Indian spirit for business is unextinguishable.

During the lockdown period, many small and medium businessmen stepped forward and saw the golden Opportunity that Export Trade provided.

It is important to understand the need of the situation and act accordingly. Many people grabbed the chance to make masks at home and started a homemade masks business.

A lot of local vegetable vendors saw a bright future as exporters and joined hands with the Exim Industry.

Exim industry has a lot to offer, only one must be willing enough to see the slightest chances of success.

2021 had been a year of comebacks. People of India had lost much during the last lockdown and the troubles don’t seem to seize now.

Like many successful businessmen, it becomes important that selling your goods only keeping the local markets in consideration might prove to be dangerous.

Business expansion is one good option especially when the local markets are full of local stocks.  

Have you thought of starting up a business? Have you thought of expanding your business?

You have many options to choose a guide but just like selecting a good product for exporting, it is of utmost importance that you select a guide with experience of many years in the Exim Industry.

There are many Export Import Consultancies out there but are they what you are looking for? Do they have what it takes to be your Guide?

Do you see yourself as an Exporter and making decisions that make a difference? Well, then you must also how to tell if a consultancy is genuine or otherwise.

Feeling inspired to read further about Exim blogs? Here a link to our Blogs:

https://digitalexim.com/blog/

Do visit us and tell us how you feel about Export Import Trade:

Indian is one of the largest exporters of marine products. The United States is India’s largest market for shrimp exports and the second-largest aquaculture producer in the world. Export import training in India will help you in starting your marine export business.    Over the period of April-December 2021, marine product exports increased by 35 percent to $6.1 billion, compared with $4.5 billion in the previous year. In December 2021, marine product exports increased by 28 percent to $720.51 million.  Frozen shrimp makes up the largest portion of India’s marine products exports, accounting for 74% in value terms. Other major items include frozen fish (7%) and frozen squid (5%). 

Top five Export destination of Marine Products in 2021 were- 

• US 
• China 
• Japan
• Vietnam 
• Thailand  

countries where you can export marine products are South East Asia, Middle East, EU. 

Some top Marine export products are- 

• Crustaceans 
• Marine Fish (mackerel, tuna) 
• Molluscs (cuttlefish & squid) 
• Shrimp (white & black tiger)   

The amount exported from Kerala was 83,995 tonnes worth Rs 3,309.82 crore, Gujarat 72,795 tonnes worth Rs 1,599 crore, Maharashtra 67,636 tonnes worth Rs 2,795 crore, and Tamil Nadu 66,986 tonnes worth Rs 3,660.71 crore during the period.  According to government data, India exported 11,49,341 MT of seafood worth $5,96 billion in the last financial year (2020-21), which amounts to Rs. 43,717 crores despite market uncertainty raised by the Covid-19 pandemic outbreak.  Aquaculture production will be expanded by diversifying, making quality controls more stringent, and introducing sustainable fishing techniques.   

Conclusion- 

A new initiative, Pradhan Mantri Matsya Sampada Yojana (PMMSY), that was launched in May 2020, has set a goal for fisheries exports to reach Rs 1 lakh crore, an increase in fish production of 70 lakh tonnes, and the creation of 55 lakh new jobs.  Marine export is a lucrative business and you can start your export business with our guidance, knowledge, and import export training classes.     Interested people can join our live free webinar. Click the link below to attend webinar.  https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do Visit our website! 

What are the major differences between imports and high sea sales? What are the procedures for high sea sales? Know in detail about international trade with export import course online.  Imports are goods and services purchased from other countries rather than locally produced products by the citizens of a country.  When domestic industries are no longer able to produce similar goods cheaply or efficiently, imports come in existence. Furthermore, countries can import raw materials or commodities that are unavailable within their borders.   Whereas, a high sea sale occurs when a buyer wants to sell his consignment to a third party before the goods arrive, but after the shipping vessel leaves the loading port. Ownership of the goods is transferred when goods are in transit.  The bill of lading should be endorsed in the buyer’s favour; the date of the transaction should be between the date of the Bill of Lading and the date of the vessel’s arrival at the port of discharge.  All the documents pertaining to the high sea transaction should be available to the final buyer. He or she should also obtain copies of previous high seas transactions.  Is there anything you would like to share about high sea sale and imports? This information is part of our online export import management course.   

For More Knowledge Read Our Article On-

What is IHC- Inland Haulage Charges? FIRC In Export And Import Business Documentation of High Sea Sales What is Triangular Shipment ?What Is E-Commerce Under GST?  What Is Port Of Discharge And Place Of DeliveryDifferent Types of Export Containers What is FCL in Export Import? Steps to Become Successful in Trade for Start-ups What is Mother Vessel and Feeder Vessel  What is co-loading? What is ICD? 

What is SWOT Analysis and Why it is Important for Business?

Role of Indian Embassy in Export ImportWhat is Registration Cum Membership Certificate? What is DGFT and Its Role? What is Bill of Exchange? What is a Letter of Credit? 

What is Bill of Lading? 

What is High Sea Sales?  What Does DGFT Grant to Indian Importers & Exporters?

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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. 

India and Canada have shared a bilateral trade for years. India is one of the fastest growing markets in Canada. The trade between India and Canada rose to 62 per cent in the last five years. Export import course online help people in clearing the concept of export import of India and Canada. Import export training in Ahmedabad is considered as the best place to learn international trading. India has been Canada’s ninth-largest export destination, with exports growing at an annual average of 8% between 2009 -2018. The India-Canada trade agreement is a Free Trade Agreement.  The Government of India is transforming the country’s investment climate. One of the major missions is the goal of making India a five trillion dollar economy by 2024. The WTC report said the top 20 export items to Canada constituted about 37 per cent of India’s merchandise exports to Canada. India and Canada share a good and healthy trade relationship and both the countries are also negotiating a Comprehensive Economic Partnership Agreement (CEPA) which will be going to result in a better trading relationship. The bilateral trade between both the countries reached more than $6 billion by 2020 and is continuously increasing by each passing year. Canada imports a lot of items from India.  

Here is the list of top Products Exported from India to Canada-

1 Rice 2 Tea & Coffee 3 Flours 4 Spices 5 Textile articles 6 Cotton Yarn 7 Processed food 8 Handicrafts 9 iron & Steel articles 10 Sea Food 11 Apparels 12 Organic Chemical 13 Carpets 7 Other floor coverings 14 Refined or Beet sugar 15 Electrical machinery & equipment 16 Knitted & Crocheted apparels 17 Gems & Pearls 18 Groundnuts 19 Spiritual Items 20 Fruits & Vegetables Bilateral trade in goods amounted to US $6.73 billion in 2019-20. India’s exports were US $ 2.85 billion and India’s imports were US $ 3.88 billion. Canada imports from all over the world stood at US $404.495 billion and exports stood at US $ 389.571 billion.   

In 2020, Canada imports from India was US $3.72 Billion. The major imports in the year 2020 were-

• Pharmaceutical Products- $408.47 M
• Articles of Iron and Steel- $363.29 M
• Organic Chemical-           $247.40 M
• Pearls, Precious stones, Metals- $246.96 M
• Machinery, Nuclear reactors, Boilers- $235.54 M
• Vehicles other than Railway, Tramway-   $191.44 M
• Textile articles, Worn clothing-   $167.59 M
• Electrical, Electronic equipment- $121.96 M
• Articles of apparel, Knit or Crocheted- $117.74 M
• Fish, Crustaceans-       $115.97 M

It was all about Canadian imports. Let’s now talk about what India imports from Canada.

Here is a list of What India Imports from Canada-

• Industrial Chemical
• Paper & paperboard
• Copper
• Asbestos
• Iron Scrap
• Minerals
• Wood Pulp
• Fertilizers
• Machinery, Nuclear reactors
• Ores slag and ash

  Join Digital Exim and get solutions to any problem related to export import. To make a better career in export import business join our training program and we will help you be an entrepreneur or getting a job you love. Digital Exim provides export import online classes, 6 month consultancy, and life time help desk. Attend a live doubt solving session with our trade managers and many more services just a click away.  Do give us a visit!

With time, Digital World is Keep on Advancing more & more. There is no stopping!! On the other hand, competition exists too. So, thinking why ‘E-Commerce Fuel Strategy’? I will clear every question of yours. Just read the whole blog without skipping or jumping to the conclusion. 

“E-commerce is a powerful means to connect the unconnected to global trade.”

– Arancha Gonzalez

Exim Industry Switch To E- Commerce World 

On 6th August, 1991, the World Wide Web Opened to the public. Date, full of milestones. Practically, in 1991 E- Commerce did not even exist. At that time no one knew ‘E – Commerce’. Over the last two decades, the world has transformed digitally. Through Advancement in technology things are more easier. E-commerce fuel strategy can push all the exporters to become an International businessman. Retail sector too, greatest example of E commerce success. In the same way, e – commerce for export import business too is something very impactful. Just imagine the expansion of such a large scale platform. With this, consumers purchase more & more products as per their requirements. Through a website, or different platform on the Internet, your business has endless potential. Lower costs, this is what plays a major role in online export import for e- commerce. 

Promoting export product on e-commerce

Basically, e – commerce is not just online shopping platforms. Let me clear this first, due to endless confusions. E-commerce for Export Import is very good for genuine growth. E-commerce Fuel Strategy, includes an appropriate content, & quality presence. Quality presence in Digital World from social media to website. Also, SEO plays a significant role here. Moreover, Promote your company digitally as much as you can. And, build your brand even more stronger. So that you can boost exporting business through e- commerce. 

Fruitful Benefits of E- commerce

E-commerce Fuel Strategy covers many aspects. Let’s quickly read the benefits of it:

* You can update all the necessary information in minimum time. 

* Flexible e-commerce business strategy implementation. 

* Customer’s accessibility of your product 24×7.

* Super fast responses to customer’s needs.

* Efficient for ordering  

* More expansion to the world of export import. 

* Comparison can be easier. 

Top Global Trade Portals list 

The evolution of the digital world is just mind blowing. Every next day, it keeps on advancing even more. With the help of some important trade portals, you can grab the correct information as per your need. 

Some are mentioned as below:

1) DHgate: It has more than 5 million customers worldwide. Can you just imagine how big the scale is? Also, Importers can buy small volumes of chinese products at wholesale price. 

2) Global Sources: Firstly, it was one of the first B2B platforms that was listed in NASDAQ. 

3) eWorldTrade: A new online that is growing fast every single day. It is now a part of CBEC. 

How is e-commerce in boom currently? 

As mentioned earlier, e-commerce is growing rapidly. So, this is the best time to use this platform in the best way. Once you start, there is no going back. From having countless reach & engagement to doubling up the brand impression. You can surely count ecommerce Fuel Strategy in  your book of business. E- commerce is not just about selling the products online. Especially, when the world is witnessing tough times of Covid-19. 

Top E-commerce business ideas for Export Import 

Import Export Business Ideas are always fruitful if they are implemented well. So, with great ideas comes great responsibilities.

1) Car Parts Exports:

First thing first, exporting cars parts & tools to other countries is a worthy thing.

2) Vehicle Export:

India is one of the largest Two wheelers Internationally. So among live import export business ideas, vehicle exports stands the one of the best ones. 

3) Coffee Exports:

India exports 70% coffee and the remaining 30% gets consumed domestically. So, export coffee after having the last sip of it. 

4) Organic Food Exports:

The Demand of organic food products is high as it does not include any chemicals. Things are natural here. So stop thinking more & go with Organic food exports. 

5) Your own Export Product:

Your Own Export Product means a product that has not been launched in the market till now. Your original product that will just grab the attention of the market because of your ideas.  https://www.youtube.com/embed/XLP0oddpWFM

Launch E-commerce course of digital Exim

Digital Exim, provides variety full of features. E-commerce guidance, included in our super impactful program. So, we not only show the directions but give ultimate guidance. From this you can get A to z e- commerce guidance to boost your business. 

Conclusion: 

Don’t underestimate the power of E- commerce!! Remember this famous dialogue or was that different? Will talk about that later. Overall, online export import for E-commerce is the most impactful thing in modern time. Chances of growth are endless! Once you kickstart, there is no going back. So, say bye to worries & hi to Digital exim. Like E-commerce Fuel Strategy, we have a variety full of topics to guide. Not only topics, we provide India’s best practical training for export import. Overall, Advance with Digital exim, grow with digital exim today!! Call on 9505506333 to give wings to your dream of becoming No. 1 International businessman.