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New Opportunities For Export Business | Exports-Guide

This new phase that we are facing can be turned into an opportunity for export business in India. Letu2019s see what new opportunities await your business.

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New Opportunities For Export Business | Exports-Guide

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  1. NEW OPPORTUNITIES FOR EXPORT BUSINESS 1st July 2021 admin Export, Business ⁞ ⁞ ⁞     The pandemic has severely injured us in every aspect. People are losing lives, and the global economy has been impacted severely. The small scale business owners are facing major issues while selling their products. A gap between imports and exports emerged due to this pandemic. However, to deal with the trade de?cit, PM Shri Narendra Modi initiated a new campaign under the name ‘Aatma Nirbhar Bharat’ promoting people to buy country manufactured goods. It encouraged small and large scale business owners to manufacture products and sell them nationally and internationally. This will help the nation to balance the equilibrium and lead to boost up sales and revenue. Therefore, this new phase that we are facing can be turned into an opportunity for export businesses in India. Let’s see what new opportunities await your business.

  2. Government Being A Helping Hand Since it was the government who initiated the above-mentioned campaign and looking at the crisis situation, they took several measures to ensure the growth of the export industry. Be it small or big, the government gave multiple opportunities to help aspiring business owners. To lessen the burden on these entrepreneurs, the government has made some decisions on extending policies regarding the export industry. They are as followed: Extension for ?ling RoSCTL claims Extended foreign trade policy by 1 year Advance authorization and export promotion capital goods scheme Valid period of all status holder certi?cates Registration cum membership certi?cate Filing claims under services and goods export from India schemes Current Export Trends Trends are dynamic. They keep on changing and it’s better to step out of our comfort zone to stay ahead of time. In export business, if one needs to grow they have to stay updated with the current trends in this era. Now, you must be wondering what’s trending during the pandemic? Here we go: Added-value services & innovation New Business models Digital Marketing and communication Tailor-made lead generation Export Business That Can Earn You Profit During Pandemic China comes in top when it comes to export. They manufacture goods and sell them at cheaper rates. But after the pandemic, many countries have levied trade restrictions with CHina and this comes as a bene?t to Indian businessmen.This was an opportunity that every businessman in India grabbed and with the support of the government they started manufacturing goods and offered services to generate more revenue. Thus, a massive opportunity in exports rose in India and with that the government started exporting many products and showed a ?exible approach towards it.

  3. pp Products that one can export and gain bene?t during the pandemic: Fruits: Mangoes, Bananas, Grapes, Oranges Vegetables: Onions, Potatoes, Tomatoes, Green chilly Farm and dairy products: Rice, Meat, Dairy and processed food items, Groundnuts, Poultry, Organic products, etc. Pharmaceutical products Iron and steel products Electronics products Medical instruments Auto components Organic chemicals Spices Textile Cereals In addition to this, India is likely to receive foriegn investments and there are high-chances that with the help of the government it will take place soon. Many large-scale brands are interested in doing business with India and want innovative products. This will directly increase India’s export business opportunities. FLICKR PHOTOSTREAM

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