Foreign Trade Administrative Setup Requirements for Boosting Exports in Potential Villages including Rural/Remote areas of Each District in India

India has a significant potential to expand its exports, but many of its rural and remote areas are still untapped. These areas have immense potential to become key players in the export industry. However, there are various challenges that need to be addressed before the rural/remote areas of India can become an integral part of the country’s export market. To overcome these challenges, a foreign trade administrative setup is required that will provide adequate support and incentives to the rural/remote Read Full Details…

Export Business Scope in BRICs Countries in Year 2023

BRICs countries, which include Brazil, Russia, India, and China, have long been considered the fastest-growing emerging economies in the world. With the increasing globalization and liberalization of trade policies, these countries offer immense opportunities for businesses looking to expand their export operations. In 2023, the export business scope in BRICs countries is expected to grow even further, owing to several factors such as increased demand for goods and services, favorable government policies, and improved infrastructure. Let’s take a closer look Read Full Details…

Know about the top most Problems facing Indian Exporters

India is one of the largest exporters in the world, with a wide range of products being shipped to different countries. However, Indian exporters face several challenges that make it difficult for them to operate efficiently and profitably. In this article, we will discuss some of the topmost problems facing Indian exporters. Logistics and Infrastructure: One of the biggest challenges faced by Indian exporters is the inadequate logistics and infrastructure facilities in the country. Poor road and rail connectivity, insufficient Read Full Details…

How to Get Benefits of EXIM Scheme Code

Export-Import (EXIM) Scheme Code is a unique 10-digit code assigned by the Directorate General of Foreign Trade (DGFT) to importers and exporters. It is used to identify the goods that are imported or exported and determine the benefits that can be availed under various schemes. Benefits of EXIM Scheme Code: Avail Export Benefits: With the EXIM Scheme Code, exporters can avail various benefits such as Duty Drawback, Advance Authorization, Export Promotion Capital Goods (EPCG) Scheme, etc. These benefits help in Read Full Details…

Challenges in global export business development in year 2023

As we enter a new year, the global export business faces a set of unique challenges that will test the abilities of companies to adapt and thrive. While the world economy continues to recover from the COVID-19 pandemic, the global export industry must confront a number of emerging trends and issues that are shaping the way that companies operate and grow. Supply chain disruptionsOne of the biggest challenges facing global exporters in 2023 is supply chain disruptions. The pandemic has Read Full Details…

Exporters to get help in expanding order books

BEIJING: China will support its exporters to participate in various business exhibitions abroad and closely cooperate with trading partners to put its foreign trade growth on a firmer footing in 2023, government officials say. Against external headwinds including cooling prospects for overseas demand and lingering geopolitical conflicts, these activities will create more opportunities for China’s export-oriented companies, and a series of offline domestic trade fairs, like the China Import and Export Fair, or Canton Fair, in Guangzhou, Guangdong province, will Read Full Details…