Practical export-import articles from the iiiEM expert team.
International market analysis can be applied to: discover new markets, search products and define public opinions on some strategies. Although diverse, they all follow a fundamental step-by-step method: Define the purpose of the analysis Recognize the efforts needed to accumulate the analysis Know how to perform those operations Distinguish the sources of information required to… Read More »
There are many formalities and registrations to be made with different authorities before an exporter can start into export business and accept an export order. Selection of Firm Name An entrepreneur can pick any name for the firm he wants to start. It is advisable that the name of the firm indicates that the business… Read More »
In continuation of PART 2, below are the last five formalities to meet to establish export import business. Registration with ECGC The exporter should also register with Export Credit and Guarantee Corporation of India (ECGC) to adjust some export payments against political and commercial chances. It also helps to get financial assistance from commercial banks… Read More »
Quite often, businesses fail to conform their processes for global business—for, e.g., globalizing their websites, determining correct export prices, etc.—and they miss out on great opportunities. By focusing on below-mentioned business areas and optimizing them, exporters can grow proactive instead of reactive. Which business areas need to be reviewed, and what type of optimizations… Read More »
In part 1, fourteen steps were described for exporters to follow that will help them maximize the likelihood of a prosperous export deal. In this post, two more of those steps are discussed in more depth. The Value of a Termination Date You need to ensure that your sales quotation or proforma invoice… Read More »
Shall demonetization affect Export Import business in the current situation in India? How long will the Effect last? Growth of any Country depends up on its Export Import Trade. Indeed it is very crucial for India too. Especially after demonetization the Exports have slowed down due to currency crunch. True to its core that instability… Read More »
As reported in October 2016 loud and clamorous voices and fonts by television and print media that India is ranked 130th for ease of doing business in India, after a survey by the World Bank. Clearly the survey by World Bank feels, it is not easy to do business in India. My naïve and inexperienced… Read More »
In the month of October 2016, exports from India reached the highest value. Many companies in India are now actively engaged in the export of raw or manufactured products to a large number of countries all over the world. These companies comply with the international standards and best practices to make their mark in the… Read More »
India is a vast country and has as many as nine coastal states that have the major ports contributing significantly to the export import business. These ports experience a high cargo and container traffic throughout the year. For anybody who is eager to get into the export-import trade or undergo export import training, knowledge of… Read More »
There has been rich evidence that in ancient India, the trade logistics was highly efficient. Goods at that time moved mainly via multiple land routes and sea routes, some of which even exist today. Merchants in ancient India had a flourishing import export business with the merchants of other distant countries that contributed significantly… Read More »
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