Venturing into Pickle Export Business: Venturing into one’s own business can be a welcome decision, especially at this point! While most of us would prefer to restrict our personal or business related investments! And aim to maximize your returns on the limited investments made! Well there are some possible business ideas in the agricultural export segment! And exporting homemade pickles is one of them! In terms of Export Business Profit Margin (Profitable Export Business Idea), the returns can actually be much higher than the expenses!
Venturing into Pickle Export Business
Because there is a demand for export of pickles from India to all over the world! There is a greater demand for home pickles in the Middle East, United Arab Emirates and the countries of the countries! Where Indian population is more in number! Pickle exports from India have increased significantly in the last 10 years! The total value of the pickle exports in the year 2009 was 15.76 USD million! While the 2019 data reports an export value of 110.1 USD million! Which shows a tremendous growth of around 733%!
Globally, pickle exports totaled $ 544.3 million in 2019! And the change in the dollar shows a 2.7% increase in value since 2015! India currently has an export market in about 54-55 countries! And the country’s export market is worth $ 100,1010! About Million US Dollars!
Are the following steps required to start pickle export business?
Company Registration
One has to get his company registered in the Indian official records ministry of corporate affairs first!
Obtaining Export License
Once the company registration ends! So once the Director General of Foreign Trade (DGFT) should apply for export license! However all items that are to be exported require an Export License! Export license is required only for the export of those goods! Which are mentioned in ITC (HS) classification 2 of the export and import items! One must confirm the products he wants to export! Whether or not they need an export license!
Target Market Selection
The next step is to search for markets or destinations where products can be exported! You can take help of reliable B2B websites or companies to select potential markets! Many websites are providing authentic information to know the names of the major countries importing pickles from India! If you have the knowledge of successful exporters, then contract them with priority! Major consumers of India are USA, United Kingdom Germany Canada and many more!
Looking for real and professional business equivalent
Once the above steps are completed! So look forward to finding professional and genuine buyers! With whom you can establish a long-term trade association! Use various trade related portals to locate such buyers!
Order and execution of export orders
After finding relevant buyers or importers, it becomes important to arrange export orders in an organized manner! Now someone needs to fill in a systematic description form! With proper details and start exporting your products! .Elp can be sourced from various companies that specialize in all processes! Whether it is packaging of products or shipping process, management, or making formalities and documents work!
Relevant export pickle is essential for export business
To start any business, you should have improvement documents on your own! These documents are: GST registration, PAN card, foreign exchange, competent bank account, central food license or FSSAI registration!
Important facts to remember
If anyone wants to start exporting pickles from India! So this can be done after following the protocol laid down by the FSSAI and other regulatory bodies! To start pickle export business from India, one must have FSSAI license! The five major markets of Indian pickles are Russia, America, Belgium, Netherlands and France! If you are looking for toxport pickles, it is necessary to have information about the latest export data of pickles, worldwide pickle buyers / importers, the process of exporting pickles, duties and taxes applicable to pickle exports from India, etc.
In all occasions it is huge and possible to export pickles from India! And to build a self-reliant India in a COVID-19 world, in line with Shri Narendra Modi’s vision of self-reliant India! The concept of “Atnimbhar Bharat”, the incentive mentioned by our PM, aims to strengthen India’s cottage and home industries, small and medium enterprises (SMEs) and other industries! Doing one’s own business (in this context, entering the pickle export business) is definitely a welcome decision for those Indians! Those who want to be self-reliant or “self-destructive”!
