Month: March 2023

Mar 30

Post COVID19 Potential Export Market Challenges to Indian Exporters in European Union Countries.

Introduction The COVID-19 pandemic has disrupted international trade and commerce, with many countries struggling to navigate the new normal. The European Union (EU) is one of the largest markets for Indian exporters, with goods and services worth billions of dollars being traded every year. However, the pandemic has created a host of challenges for Indian exporters looking to do business with the EU. In this article, we will explore the potential export market challenges that Indian exporters may face in Read Full Details…

Mar 30

Opportunities and Threats to Indian Exporters in the International Market

India is one of the world’s largest economies and is increasingly playing a crucial role in international trade. The country has been recognized for its competitive advantage in various sectors, including pharmaceuticals, textiles, and agriculture. However, Indian exporters still face significant challenges when it comes to expanding their businesses in the global marketplace. This article will explore the opportunities and threats facing Indian exporters in the international market. Opportunities Growing Demand for Indian Goods and ServicesThe world’s demand for Indian Read Full Details…

India has a rich heritage of sports, with a variety of traditional games and modern sports being played across the country. Over the years, Indian sports goods manufacturers have gained a reputation for producing high-quality and affordable sports equipment. With the world becoming increasingly health-conscious and sports-oriented, the demand for sports goods is on the rise. This presents a massive opportunity for Indian sports goods manufacturers to tap into the global market and expand their business. In recent years, the Indian sports goods industry has shown a significant growth rate. The sector has witnessed a shift from being a domestic supplier to an international exporter. The government of India has also been proactive in promoting sports and has created policies to support the sports goods industry. The global sports goods market is expected to reach a value of $614.1 billion by 2023, with a CAGR of 3.3% during the forecast period. This presents an excellent opportunity for Indian sports goods manufacturers to increase their exports and capture a share of the global market. India's rich cultural heritage, skilled labor force, and affordable pricing make it an attractive destination for foreign buyers. Cricket is one of the most popular sports in India, and the country is known for producing high-quality cricket equipment such as bats, balls, and gloves. Indian companies such as Sanspareils Greenlands, Sareen Sports Industries, and Kookaburra are already exporting cricket equipment to countries like the UK, Australia, and South Africa. With the increasing popularity of cricket in countries like the US, Canada, and China, Indian manufacturers have a massive opportunity to expand their exports to these regions. Apart from cricket, Indian sports goods manufacturers also produce equipment for other sports such as football, badminton, tennis, and hockey. These sports are gaining popularity worldwide, and Indian manufacturers can leverage this trend to increase their exports. India's expertise in producing high-quality leather and synthetic footballs is well-known, and manufacturers such as Cosco and Nivia are already exporting footballs to countries like Germany, France, and Spain. In recent years, the demand for yoga and fitness equipment has also seen a significant rise. Indian manufacturers have a unique advantage in this segment as yoga originated in India, and the country has a vast pool of skilled labor that can produce high-quality yoga mats, blocks, and straps. Indian companies such as JadeYoga, Liforme, and Manduka are already exporting yoga equipment to countries like the US, UK, and Australia. The Indian government has taken several steps to promote the sports goods industry and has launched schemes such as the National Sports Development Fund, the Khelo India Scheme, and the Make in India initiative. These initiatives provide support for infrastructure development, technology upgradation, and marketing promotion. The government has also set up Export Promotion Councils to support sports goods manufacturers in their export efforts. In conclusion, Indian sports goods manufacturers have a massive opportunity to tap into the global market and increase their exports. With the growing demand for sports goods worldwide, the Indian industry can leverage its skilled labor force, affordable pricing, and rich cultural heritage to capture a share of the global market. The government's support and initiatives also provide a conducive environment for manufacturers to expand their business. With the right strategy and approach, Indian sports goods can become a dominant player in the global market.
Mar 30

Indian Sports Goods: Worldwide Export Opportunities in 2023

India has a rich heritage of sports, with a variety of traditional games and modern sports being played across the country. Over the years, Indian sports goods manufacturers have gained a reputation for producing high-quality and affordable sports equipment. With the world becoming increasingly health-conscious and sports-oriented, the demand for sports goods is on the rise. This presents a massive opportunity for Indian sports goods manufacturers to tap into the global market and expand their business. In recent years, the Read Full Details…

Mar 30

Latest Top Exporting Food Products from India to Worldwide

India has long been known for its diverse and flavorful cuisine, and in recent years, the country has become a major player in the global food export industry. From spices and grains to fruits and vegetables, India produces a wide variety of food products that are in high demand around the world. In this article, we’ll take a closer look at some of the latest top exporting food products from India to worldwide markets. RiceRice is a staple food in Read Full Details…

Mar 30

In Export Push, India To Unveil New Foreign Trade Policy Today

India will unveil its much-awaited new Foreign Trade Policy 2023-28 today, with a view to boost exports amid slowing global trade.Commerce and Industry Minister Piyush Goyal will announce the foreign trade policy, according to the ministry. The current foreign trade policy (2015-20) is in force till March 31, 2022. The term of the previous five-year policy had ended in March 2020. However, it has been extended repeatedly in wake of Covid outbreak and resulting lockdowns. The last extension was given Read Full Details…