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India exports various food products all over the world, And this very potential business and many business-minded peoples want to start their own export business. Before starting this business, one needs to know the proper procedure, and in this document, we have mentioned the Food export procedure from India. This information gives you basic Ideas about hoe to start this business.
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Food Export Procedure From India Food export from India is an emerging business opportunity for many local farmers and vendors. India is known for its spices, fruits, vegetables, grains, pulses, dry fruits, beverages and various such other products. The global demand for these products has been increasing over time. The process of export of food products from India is a complicated one. Here are the basic steps for food export from India:
● To start the export business, first a sole Proprietary concern, Partnership firm, or a Company has to be set up as per procedure with a name and a logo. ● For business a current account is very convenient. A current account with a Bank authorized to deal in Foreign Exchange should be set up for all the transactions which will take place in the business. ● Having a Permanent account number is essential for an import export business. It is necessary for every importer and exporter to obtain a PAN from the Income Tax Department, Government of India. ● The Foreign Trade Policy makes it mandatory to obtain Importer exporter code or IEC for export/import from India. The procedure to obtain an IEC has also been laid down and should be followed. An application for IEC can be filed online and the payment can be made along with the required application form. the documents attached to ● A Registration cum membership certificate has to be obtained for availing authorization to import/ export or any other benefit or concession under FTP 2015-20 and also to avail the services/ guidance. ● Generally all products can be exported except the ones mentioned in the prohibited/ restricted categories of products should be studied before deciding which products to export. list. Market trends for different ● The international market should be chosen after researching market size, competition, quality requirements, payment terms and such other factors. Export benefits available for few countries under the FTP is also an important factor to consider. ● It is important to participate in trade fairs, buyer seller meets, exhibitions, and such other events to promote your business. B2B portals and websites are also effective tools to find buyers globally.
EPC’s, Indian Missions abroad, overseas chambers of commerce have also proven to be useful. ● You should also consider providing customized samples as per the demands of Foreign buyers. These samples may help you to get orders faster and you can get long term customers. ● Product pricing is an essential factor while entering international markets. The price should be worked out considering all expenses from sampling to realization of export proceeds on the basis of terms of sale and so on. Preparing an export costing sheet for every export product can be useful and will give you a fair idea. ● Many vendors do not enter the international market due to the risk involved in payments and so on. These risks can be covered by an appropriate Policy from Export Credit Guarantee Corporation Ltd (ECGC). Food products export in India has been rapidly growing over the years. If the process is done properly, it can earn good profits for our farmers and vendors. Pisum Foods is one of the leading food products exporters from India. They export several food products from India like dry fruits, grains, pulses, herbs, vegetables, fruits, spices and so on. If you want to export food products from India, Pisum is here to serve you!