In India, the business of food export is on rapid growth. Even in Pandemic, India has managed to gain growth in agriculture export, whether it is food, vegetables, or spices.
In comparison with 2019-20 figures for the agriculture export business, India has gained 3.05 Lakh Crores where the percentage of the agriculture export business increased up to 22.62%.
Among the Foreign Markets like, Indonesia, Nepal, and Bangladesh has seen the highest growth for the agriculture export business.
If you’re an entrepreneur or a businessman who wants to open their own food export business, these numbers, as mentioned earlier, will surely boost your confidence.
As for the food export business, Fruits, vegetables, and spices are one of the demanding options, and each has its profit.
There are a lot of import-export business opportunities with various models. You can be an importer or an exporter, or both. Even a retailer or supplier if you want to.
Every aspect of the import-export business depends on what product you would like to export business you want to do and how much demand the business has in the market?
Well, let’s find out –
The demand of fruits and vegetable export business –
India’s economy depends on the agriculture export-import business with other businesses too.
In the Fruits export business – Apples, Mangoes, Pomegranates, Grapes are largely in demand in foreign countries. For Vegetable export business – Onions, Tomatoes, Potatoes and other mixed Vegetables are largely exported. For all the Horticulture Crops, the export business has estimated 326.58 million tonnes FY21, which is a very profitable number. Even if you research for the assurance if the fruits and vegetables food export business in India is in demand or not, then growth percentage numbers will excite you.
The demand for the product in other countries –
Well with the above point, you may have got the idea about how much the agriculture export business is in demand, but that part limits up to being a seller. For your products to make a profit, you will need a buyer, and with that, you will also need to understand in which country your product has the largest demand. For e.g., If India is the exporter of agricultural crops, the USA is the top importer, followed by Saudi Arabia and Iran.
The following demand will not be enough, though, as you being an exporter, should have the assurance that the country you’re exporting to has a stable market for the following products. As an Exporter, you might be thinking about a long term plan which can be profitable for both sides and the potential increase in growth in the future.
Find buyers for your food export business –
Finding a buyer from an unknown country, especially when new to the export business, is really a challenge. With issues like language barriers, no in-personal meetings and differences in the thought process for working can make the deal hard to take. Fortunately, as part of the new generation, we have the availability of using the Internet to our advantage. With the use of it, it becomes easy to find buyers online for your business.
There are two ways to find buyers for your agriculture export business –
– Online
– Offline
Online –
With the help of Social Media Marketing, you can use the help of social media apps to promote your business.
On Facebook, you can join groups with similar food export businesses and interact with them.
If should also create a website for your export business with the help of SE0 (Search Engine Optimization) to attract buyers for your products.
With other social media apps such as Instagram, Linked In and more, you can create a presence of your food export business to reach a global audience.
You can also register to B2B Platforms to reach a wider customer base, which will ultimately help you find the buyer for your product.
Offline –
India has 14 export promotion bodies that can help you to promote your export business to find buyers.
You can also contact market research companies where you pay them for researching foreign importers to do your agriculture export business.
With the above points, if you’re starting your own food export business firm, then the basic documentation you will need is listed below –
- Incorporate certificate from the Registrar of Companies
- IEC (Import Export Code) from Director-General of Foreign Trades
- RCMC (Registration cum Membership Certificate)
- Registration Certificate of Good and Service Tax
- MSME (Ministry of Micro, Small, and Medium Enterprises) Registration Certificate
- Trademark Registration Certificate of your business/company to protect it
- Registration Certificate or License of Food Safety and Standard Authority
- Your passport size photo
- Open a separate bank account for your business
- An Authorized Dealer Code from the bank
- Bank Statement and Certificate
- Company/Business PAN Card
Final Words –
The import-export business brings a lot of profit, but the business sometimes can be unpredictable too, implying, growth may not be a constant factor.
People are becoming aware of the import-export business opportunities are there in the market if the business was done right with accurate strategies.
For people who want to learn about the import-export business, We B2B Import Export Academy provides import-export online courses.
