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Korean: 한국 고객을 위한
Staff Answer
Jan 27, 2020 - 10:13 PM
Hi,
Thanks for your question and our apologies for the delayed response. Let me answer this question for you.
India primarily focuses on Middle-East and African countries for exporting its Non-Basmati rice. Some other major countries that import rice from India are Saudi Arabia, Singapore, Australia, Malaysia, etc. Below steps are essential for starting the rice export business in India
The profit margin of the rice export business is to a good extent based on the country to which you are exporting and the frequency of exports in a year. For this, you need to choose the best importing country based on their demand.
Thanks for your question and our apologies for the delayed response. Let me answer this question for you.
India primarily focuses on Middle-East and African countries for exporting its Non-Basmati rice. Some other major countries that import rice from India are Saudi Arabia, Singapore, Australia, Malaysia, etc. Below steps are essential for starting the rice export business in India
- Registered A Firm – You need to register a company in order to export from India. The company registration process is very simple and could take around 20 days. After registration, you have to apply for company PAN. You will get your company PAN in less than 40 days. It is recommended that you add EXPORTERS in your company name because it will make it clear to your international buyer that they are dealing with the right company/person. For example – ABC EXPORTERS PVT LTD
- GET IEC (Import Export Code) – IEC is a must for export of any product from India. You can apply for IEC online from DGFT website. Read more about documents required for IEC code.
- Select Your Target Country – Select your target country where you will export your rice. It is recommended that you should find your potential buyers in the top 30 countries which are listed above.
- Find Buyers – It is the most important part of any export business that how to find potential buyers in the international market? Some tips for finding potential buyers are through contacting your relatives in that country, export trade fairs, and expos, through an online portal like www.go4worldbusiness.com.
The profit margin of the rice export business is to a good extent based on the country to which you are exporting and the frequency of exports in a year. For this, you need to choose the best importing country based on their demand.
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