Are you searching for top profitable import export business ideas and investment opportunities in India? Import export business can be initiated as a home-based basis with a small startup capital investment. As your Exim business grows, you will find a lot of expansion opportunity in this business.
The most crucial factors are to identify the right import export business is to select product/ products which have a good demand in the market. Import-export business is highly regulated by Government Authority. Before starting this business, you must know which product is profitable for export and which one will generate more revenue from import.
Here I compiled 10 most profitable import-export investment opportunity in India for your ready reference.
List of Top 10 Import Export Investment Opportunities In India
1. Agro-chemical Import
Agro-chemical including fertilizer, secondary nutrient, pesticide, insecticides are the products that you can import in India. As agriculture has a major role in the Indian economy, these products have high demand in India. Having contacts with the distributors and retailer you can start this business with proper planning.
2. Copper & Copper Article Import-Export
Copper and copper articles fall under HS code (HTS code) chapter 74. In India Copper and Copper articles classified under ITC code (Indian Tariff Code) chapter 74. Copper and copper article export is considered as a profitable import-export investment opportunity in India.
3. Electronics Product Import
Power wire, fuse, capacitor, earth wire, rubber keypad, PCB board, row socket, screw nut, DIODE bridge, computer accessories are the popular electronics products, India imports in huge quantity. Having proper contacts of foreign manufacturers basically in China, you can initiate this business with substantial capital investment.
4. Fruits Vegetable Export
Fruits vegetable export business demands adequate knowledge about foreign markets. If you are living in an area where fruits and vegetable production is good enough, you can consider initiating a fruits vegetable export business starting just from your local growers. The export-import sector is hugely organized and you will get sufficient data in your hand. The most beneficial part of this business is, you can start this venture from your home location.
5. Leather Goods Export
The leather is considered as the most widely traded commodity worldwide. The growth in demand for leather is driven by the fashion industry, furniture, automobile industry and especially footwear. India is the fifth-largest exporter of leather goods and accessories in the world. Apart from footwear, some of the most popular export-oriented leather products are belts, handbag, key holders, wallet, folder and gift items such as handbook etc. A large number of small medium and even large scale companies are involved in producing these products in India. With proper contacts, you can tap this opportunity in India. You can contact The Council for Leather Exports (CLE), which is an autonomous non-profit organization and is entrusted with export promotion activities and the development of the Indian leather industry.
6. Medical & Surgical Equipment Import
Different types of high quality medical, surgical and healthcare product can be imported from foreign country. These are a very popular import product in India. You can also make tie-ups with the foreign reputed manufacturer as an exclusive sales representative in India.
7. Organic & Petrochemical Chemical Export
India is recognized as a large producer of a wide range of organic chemicals. Cyclic hydrocarbons, Acyclic alcohols, and their halogenated, sulphonated, nitrated or nitrosated derivatives, antibiotics, Phenols; phenol-alcohols are the popular product for export from India.
8. Precious Metals Import
Precious metals like gold, silver, and gems including diamonds are the most profitable import opportunity in India. India Jewellery market is fully dependent on importing the raw material and the demand is increasing day-by-day. You may consider starting precious metal and gem import business in India.
9. Tea Export
India is the second largest tea producer in the world with production of 1,197.18 million kg in 2014-15. India is ranked fourth in terms of tea exports, which reached 197.81 million kg during 2014-15 and were valued at US$ 619.96 million. Indian tea is popular all over the world. Processed tea export is considered as a profitable one. You can tie up with the tea growers and make an export arrangement of your own.
10. Textile Goods & Garment Export
India is one of the large producers of cotton. Cotton yarn, textile fabrics and designer garments of India, are very popular in the international market. Currently, India has overtaken Italy and Germany and is now the second largest textile exporter in the world. China is the biggest importer of raw cotton from India. The other major cotton importing countries from India are Bangladesh, Egypt, Taiwan, Hong Kong among others. Textile goods & garment export is considered as one the profitable export investment opportunity in India. You may contact The Cotton Textile Export Promotion Council (TEXPROCIL), which takes part in national and international events to enhance the visibility of Indian products, advertises and promotes Indian products in various media.