Top 10 Business Startup Ideas In India – Starting an import or export business will undoubtedly increase your global reach and bottom line. In this blog, you will learn about the top import export business ideas, products and the steps involved.
As the world becomes more connected every day, opportunities for exporters and more choices for customers and importers are increasing. We are no longer in a time where you are limited to buying products in your area. Today, a customer shopping in Chicago, USA can place an order for a home decoration product made in India through e-commerce platforms.
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Therefore, starting an import-export business will undoubtedly increase your reach and profits. However, it is important to analyze market conditions, compliance and logistics and choose the right product to export from India. It is important to know what type of product is to be exported, how much investment this would require, along with other elements such as manpower, paperwork, permits, partnerships, etc.
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With the growing exports, processing of export deals in India has improved significantly, including paperless transactions and online documents. In addition to the regular export products, Indian exporters are increasingly selling textiles, spices, Ayurveda and herbal cosmetics, etc.
With ecommerce exporters like Amazon Global ing, access to setting up an online store, listing, and products has become simple and easy for millions of customers, opening up more opportunities for global expansion.
Depending on your area of interest, available resources and target market, you can choose an export business idea. Here are some of the best import export business ideas in India:
India is one of the leading exporters of textile and clothing products in the world. Did you know that in July 2021, exports of cotton yarn textiles, fabrics and handwoven products from India increased by 50.86%?
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? India is known for its aesthetic prints, high quality textiles and range of products – formal, casual, sporty, ethnic etc. Some of the main importing countries for textiles from India are European Union, UK, USA, Japan, Canada, United Arab Emirates and Singapore. The Indian government has also established several programs and export promotion councils such as WWEPC, AEPC and TEXPROCIL to support textile exporters.
? Like apparel, footwear also has multiple segments such as formal wear, casual wear, sportswear, etc. The established value chain in the country can help you source products at competitive prices and in the international marketplaces without investing a significant sum in manufacturing and setting up a business invest business.
. The country produces nearly 75 of the 109 varieties listed by the International Organization for Standardization (ISO). From turmeric exports to cumin and cardamom exports, Indians are increasingly selling spices in the international markets such as the US, Canada, Australia and the Middle East. You need to analyze the demand for different spices in popular markets and find a suitable product for the market that is suitable for your business. After that, you can build a spice export business in India.
. Various geographical indications (GI tags) are given to Indian teas such as Darjeeling tea, Kangra tea, Assam tea, etc. India contributes almost 10% of the world tea exports and varieties like Assam, Darjeeling and Nilgiri are considered to be the best in the world6. Recognizing the popularity and demand, many startups, brands and entrepreneurs around the world are successfully running a tea export business. A little closer to home, Bala Sarda founded Vahdam Teas with the same passion to serve Indian chai to customers worldwide. “By bringing innovative technology and eliminating unnecessary middlemen from our sourcing process, we aim to revolutionize the way the world drinks tea,” says the founder of the New Delhi-based brand.
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Gems and jewelry are major contributors to the total exports from India. Contributing 12% to India’s exports, the gems and jewelry sector offers attractive growth opportunities for Indian exporters
. India is known worldwide for its artistic creativity in jewelry design and cutting. Due to its rich heritage and culture, the country has a diverse range of jewelry styles that are popular in international markets, including Kundan, copper, silver, gold, and ivory, among others. Did you know that India is the world’s No. 1 exporter of cut and polished diamonds and silver jewelry8? India exports gems and jewelry to popular markets such as the United States, United Arab Emirates, Belgium, Hong Kong and Singapore, among others. You can select a segment based on the available resources and set up a gemstones and jewelry export business in India.
With leather being one of the fastest growing export industries in India, thousands of people from the country export leather products all over the world. From Tamil Nadu and Telangana to West Bengal and Jammu and Kashmir, leather products are manufactured and exported in large quantities from all over the country
Realizing the increasing leather exports, Hussain Gurana from Rajasthan founded “A Jaald Store” – a leather export company from India and realized his dreams. With chic and compact leather products such as handbags, luggage, satchels and magazines, this Indian brand is at the forefront of self-sufficiency and strong entrepreneurial spirit. “The growth of A Jaald Store has been phenomenal and we continue to evolve as a leather brand. We look forward to exploring several new markets in many more countries with Amazon Global in the future,” shares Hussain.
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India has established itself as one of the world’s leading exporters of sporting goods. Products such as exercise equipment, inflatable balls, equipment for sports such as boxing, cricket and tennis are among the top categories. Toys such as board games, educational or cuddly toys are some of the products that are in demand on international markets. Did you know that India contributes INR 5,000 to 6,000 to the world toy exports?
India’s handmade and handmade goods are popular with customers worldwide. A variety of handicrafts such as woodware, metalware, pottery, glassware and textiles are exported from India. With a strong base in markets like USA, UK, Canada, France, Italy, Germany and UAE, Indian exporters can make the most of this demand and build their home decor export business.
Starting an export business in India is pretty easy. You can follow the steps below to start an export business in India: Step 1: Register your company
As an e-commerce export program, Amazon Global enables Indians and MSMEs to seamlessly and easily get their products from India to international marketplaces in over 200 countries and territories. Without having to set up a physical store or warehouse abroad, Amazon’s simple registration process and hassle-free logistics support help you reach customers worldwide. Here is the export procedure for shipping via e-commerce:
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First, you need to register your export business with Amazon Global ing. You don’t have to be an existing Amazon India user. Registration can be completed online at Central in 15 minutes. You will need the following documents for registration:
Once you have successfully registered with Amazon globally, you can list your products. Remember to follow the tips for listing your products, including attractive images and descriptions that are understandable to international customers. You can also use third-party help.
Once a customer places an order, you can choose to deliver yourself or opt for Fulfillment by Amazon (FBA). Under FBA, Amazon takes care of shipping, delivery, returns, and customer concerns. Once a customer buys your product, Amazon deposits the money into your bank account in the currency of your choice.
Yes, it is worth starting an export business in India. You can choose an import-export business idea and establish your brand in international markets with Amazon Global ing.
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In just a few steps you can start your own export business. Register your company, get PAN, IEC, open a current bank account and set up your product manufacturing or procurement mechanism. Posting this will allow you to register with Amazon Global and export your products internationally without a large investment.
Various products such as Textiles, Tea, Coffee, Spices, Jewelry, Toys, Leather, Ayurveda and Beauty are in demand for export from India.
To start an export business in India, IEC, AD Code, Importer of Record (IoR) and GST are mandatory. Besides this, the document requirements can also depend on the product category, the country of destination and the type of international shipping.
The main products that contribute to India’s exports include technical goods, precious stones and jewellery, shoes, clothing, spices and other commodities.
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