Major Key Players in Export Import Business

Export and Importers :

Indian Companies involved in exporting goods to international markets and importing products from overseas.

Exporter : Tata Motors, exporting automotive components globally.

Importer: Reliance Industries, importing crude oil for refining and petrochemical production.

Custom House Agents (CHAs) :

Agents licensed to handle customs clearance procedures on behalf of importers and exporters.

Example : Freight Systems (India) Pvt. Ltd. Provides customs brokerage services to facilitate trade transactions.

Shipping Lines:

Companies operating vessels for transporting goods by sea.

Example : Shipping Corporation of India (SCI) operates a fleet of ships for containerised and bulk cargo transportation.

Government Agencies :

Various government bodies in India oversee trade regulations, customs procedures and trade promotion efforts.

Example : Directorate General of Foreign Trade (DGFT) formulates and implements foreign trade policies to promote exports and imports.

Testing Labs :

Laboratories accredited to conduct quality testing and certification of products for export.

Example : Export inspection council of India (EIC) operates testing labs to ensure compliance with export quality standards.

Inspection Agencies : 

Organisations responsible for inspecting goods to verify the quality, quantity and compliance with regulations.

Example : Intertek India provides inspection services to verify the quality and specifications of goods before shipment.

Marine Insurance Agencies : 

Companies offering insurance coverage for goods during marine transit.

Example : The New India Assurance Company Ltd provides marine cargo insurance to protect shipments against risks such as loss or damage at sea.

Trade Finance Institutions : 

HDFC , ICICI and Exim Bank of India

Why to start export import business from India

Diverse Product Range :

India offers a diverse range of products suitable for export including textile, pharmaceuticals, software services, agricultural products and automotive components. For example, India is one of the world's leading procedures of generic medicines making it an attractive destination for pharmaceutical exports.

Emerging Market Potential :

With growing middle class and increasing consumer demand, India presents significant opportunities for export-import business. For Instance, the rising demand for consumer electronics in India creates opportunities for importing high-quality electronic goods from countries like China or South Korea.

Cost-Effective Production :

India's competitive labour costs and abundant skilled workforce make it an attractive destination for manufacturing

and outsourcing. For example, many multinational companies outsource their IT services to indian firms due to the availability of skilled software engineers at competitive rates.

Strategic Geographical Location : 

India's strategic location provides access to major markets in Asia and the middle east, Europe and Africa, making it an ideal hub for export-import activities. For instance, India's proximity to middle east makes it a convenient location for exporting petroleum products and agricultural commodities to the region.

Government Support and Initiative : 

​The Indian government offers various incentives and support measures to promote export-import businesses. Such as tax benefits, export subsidies and simplified export-import procedures. For example, schemes like the export promotion capital goods (EPCG) scheme provide duty-free import of capital goods for export production, encouraging investment in export - oriented industries.