The export-import business is one of the most exciting opportunities for entrepreneurs in India. With the right approach, it can open doors to global markets and long-term profits. But how do you get started?
The journey begins with registering your business and getting the necessary licenses. The most important one is the Import Export Code (IEC), which is mandatory for any company trading across borders. You’ll also need a GST number and an AD Code for smooth banking and customs processes.
Once the legal side is covered, the next step is choosing your product. This is crucial because success in exports depends on offering items that are in high demand globally. Products like spices, groundnuts, dehydrated onions, garments, and machinery are always popular.
Finding buyers and sellers is the next big step. Many exporters use B2B platforms, trade fairs, and export councils to connect with international partners. Finally, logistics and shipping arrangements need to be in place to ensure products reach customers safely and on time.
While it may seem complicated at first, with proper guidance and a strong plan, India offers one of the most rewarding environments to build a global export-import business.