In recent times, the business of vegetables is been considered as one of the fastest and lucrative developing industry in India. This is mainly due to upscale demand for that of the frozen vegetable products all over the globe. Due to high demand of frozen vegetables, pickles, mushrooms and other similar products, there is a scope for large investment opportunity in exports. India is considered as the largest producer of okra and ginger and is been ranked 2nd in production of brinjal, cabbage, onions, potatoes, cauliflowers etc.
India is been bestowed with a very suitable climate for the production of vegetables and it is been geologically located at such a place that it has a wide export opportunity in countries such as Japan, Malaysia, Korea, Middle East.
Below mentioned are some of the guidelines that one needs to follow in order to start a vegetable export business –
1. Registration of the business –
All you need to do is register yourself with the Ministry of Commerce through Director General of Foreign Trade (DGFT). DGFT will be providing a unique 10 digit IEC code number. The next step would be to fill a form named ANF2A and submit the same to DGFT. You will have to provide PAN card and Bank account details along with a Rs. 1,000 banker’s certificate. The last step is to register yourself with Export Promotion Council (EPC) and commodity board, as it allows to export outside the country.
2. Setup a office –
Office can be at a prime location where there are houses or it can be in a busy market or an industrial area. You can even start an online business.
3. Search for Suppliers –
It is very important to make contacts with suppliers in India. You can get in touch with the Indian embassy in the foreign country or approach the Indian Chamber of commerce to find contacts. As soon as you have the contact details, approach the supplier and introduce yourself along with explaining the potential of exports.
4. Search Clients –
A very crucial phase…
Use your services and try to find sellers overseas. It is very important to identify your competitor/s in that country and quote price accordingly. Some of the main countries that buy vegetables from India are – UK, France, Pakistan, Spain, Saudi Arabia and Germany.
5. Search and Hire dealers, distributors and representatives –
In order to be safe and have a hassle- free smooth business, it is advisable to hire an overseas agent on a commission basis. For finding a reliable agent, you can take help of Consultants or Chamber of Commerce of that country.
6. Packaging and Shipmenting of the product –
It is been considered as the final phase of the export business. It is important to pack and label the product properly before shipping it. Hiring a shipping company or a freight forwarder would be of great help.
‘SO WHY SELL LOCALLY WHEN YOU CAN EARN MORE BY EXPORTING’. . .