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The Readymade Clothes Export Business is one of the top industries in India. You will be surprised that all top clothing brands, including Zara, H M Clothing, and Jokey, manufacture their clothes in India and sell products globally.their team members.International orders are now open for businesses all across the world. We live in a society where countries can trade with friendly nations with minimum barriers.
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How to Start a Readymade Clothes Export Business? [Step-by-step Guide]
The Readymade Clothes Export Business is one of the top industries in India. You will be surprised that all top clothing brands, including Zara, H M Clothing, and Jokey, manufacture their clothes in India and sell products globally. The ecosystem of India is suitable for establishing a readymade clothing manufacturing company. Resources required to manufacture high-quality clothes are already available in the country. Also, clothing was the first industrial job that came into existence in India, which helped people to learn the skill and become masters in the job through experience. Due to this fact, you will easily find skilled workers in the community. Existing clothing businesses leverage the low labor workforce and export quality products to developed countries to earn good profits. If you are also fascinated with starting the import-export clothing business, then a readymade textile export business would be the right opportunity that you should leverage like other players in the Industry.
Readymade Clothes Export Business is an evergreen business model. The Readymade Clothes Export Business is undoubtedly an evergreen product that runs on a long-term sustainable model. Let’s talk about the report published on the export of articles on Apparel and Clothing accessories. The report shows that the export of readymade clothing and accessories has grown to US$ 1.32 billion between April and July 2020. The rising number clearly indicates that India’s clothing industry is earning a global presence.
Step by Step guide to start a Readymade Clothes Export Business 1) Registration of the company Before you export and import readymade clothes, you must have an authorised licence from the government to become a readymade garment exporter. Establish a company under the sole proprietorship if you are an individual entrepreneur or form a private limited company known as a partnership company. Afterwards, complete the company formation with the brand logo, website, contact number and product brochure to promote your business. Once you get the company registration number, you can open a current account with the bank to perform a business transaction, get paid by foreign buyers, and participate in foreign exchange.
2) Necessary license and certification Companies participating in export and import business must procure different certifications and licenses to qualify for trading goods. First and foremost is the PAN card, which requires filing income tax. Next is the import-export code (IEC) number need to start an export business. Exporters also submit the registration cum membership certificate (RCMC) number when exporting the goods. Other certificates granted by the FIEO, Commodity boards and Export promotion councils are also beneficial to get the export benefit on certain products. Apply for the certification as soon as you complete the company registration.
