To make your journey smooth, here’s a step-by-step export import business startup guide India that covers everything you need to know:

1. Research and Choose the Right Product

The first step in any export-import business is selecting a product that has high international demand. You can start with goods that are locally available in India, such as:

• Textiles and garments.

• Leather goods.

• Handicrafts and jewelry.

• Agricultural products like spices, rice, and organic food.

Tips:

• Use government trade data and platforms like DGFT reports to analyze demand.

• Check export trends of Indian products in international markets.

2. Register Your Business

Before you can start trading, you need to legally register your company. You can register as:

• Proprietorship, Partnership, LLP, or Pvt. Ltd. Company.

• Apply for GST registration if your turnover exceeds the threshold.

• Open a current bank account dedicated to your business.

3. Obtain the Import Export Code (IEC)

The Import Export Code (IEC) is mandatory for any business involved in international trade. It is issued by DGFT (Directorate General of Foreign Trade). Without IEC, you cannot send or receive shipments.

Steps to Apply:

• Visit the DGFT website.

• Submit required documents like PAN, address proof, and bank details.

• Pay the nominal registration fee.

4. Understand Export-Import Documentation

Proper documentation ensures smooth customs clearance and delivery. Some essential documents include:

• Commercial Invoice.

• Packing List.

• Shipping Bill.

• Bill of Lading or Airway Bill.

• Certificate of Origin.

Globax Training’s export import business startup guide India emphasizes the importance of mastering these documents to avoid delays or penalties.

5. Find International Buyers

Finding reliable international buyers is the most crucial step. You can explore:

• B2B platforms like Alibaba, TradeIndia, and Global Sources.

• Export Promotion Councils (EPCs) like FIEO or APEDA.

• International Trade Fairs and Exhibitions.

• Social media and email marketing for global outreach.

6. Choose the Right Shipping and Logistics Partner

Efficient shipping can make or break your export business. You’ll need to:

• Select the right mode of transport (sea, air, or courier).

• Work with a reliable freight forwarder and CHA (Customs House Agent).

• Understand Incoterms like FOB (Free on Board), CIF (Cost, Insurance, Freight), and EXW (Ex-Works).

7. Manage Payments and Finance

International payments require careful planning to avoid losses due to currency fluctuations or payment defaults. Common payment methods include:

• Letter of Credit (LC).

• Documents Against Payment (DP).

• Advance payments.

Globax Training’s export import business startup guide India provides practical knowledge about trade finance, bank documents, and securing payments.

8. Explore Government Schemes and Incentives

The Indian government offers several schemes to encourage exporters, such as:

• RoDTEP (Remission of Duties and Taxes on Exported Products).

• EPCG (Export Promotion Capital Goods).

• Interest Subsidy Schemes.

Our experts help you understand how to leverage these benefits for your business.