New Opportunities! How Covid’19 has brought success to Export Business!
Introduction
We all are aware of the devastating state of covid'19 left the whole world numb. It has left us with various changes in lifestyle affecting in the up-gradation of the society as a whole. Losing lives, the global economy is also getting degraded to a bigger extent as a whole. Not only the global economy but also each and every nation’s economy is being hampered. The initiative of the campaign by the Indian Government, “Aatma Nirbhar Bharat” it being encouraging the Indian citizens to manufacture their own products, selling them on national and international levels. It will help in balancing our imports and export of the country. Thereafter Covid’19 is becoming a better opportunity for the growth of the economy. Especially in terms of export business ideations, covid gave a new way out. Let us quickly get into the real aspects of the topic of discussion today.
How Indian Government is taking initiative
Our government is constantly encouraging the exporters to expand widely even in this pandemic situation. They are giving amid opportunities to the business owners, even if the company is just a startup. They are helping the business owners to expand their business by introducing several policies for the same. These are immensely becoming grabbing opportunities for the export business owners. This is a boon how our country is having the next biggest growth in this prospectus field of export-import business.
Let’s check the policies along with several relaxations which will help the exporters to stand strong in the market.
Let’s check the policies along with several relaxations which will help the exporters to stand strong in the market.
●Extension for filing RoSCTL claims
●Foreign trade policy extension by 1 year
●Advance authorization and export promotion capital goods scheme
●Valid period of all status holder certificates
●Registration cum membership certificate
●Filling Claims under services and goods export from India schemes
The several relaxations are as follow;
●Foreign trade policy extension by 1 year
●Advance authorization and export promotion capital goods scheme
●Valid period of all status holder certificates
●Registration cum membership certificate
●Filling Claims under services and goods export from India schemes
The several relaxations are as follow;
Filing claims/replies
Report on default
For the claim eligibility period
For filing declarations
Discretion to decide regarding shipments
Reduction in policy proposal processing fees
Report on default
For the claim eligibility period
For filing declarations
Discretion to decide regarding shipments
Reduction in policy proposal processing fees
The Indian Government is trying its best to maintain the quality and standards of the policies made for welfare purposes.
Trends in export business during Covid’19
The pandemic is an uncertain threat with no exact visions of how the longevity of the virus persisting still. Thus it is very much important to get out of your comfort zones and start exploring. It is sometimes important to take risks even during these times of pandemic in order to make innovation possible. New trends are upcoming which can rad your business growing to international levels. Here are few examples.
Added-value services & innovation
New Business models
Digital Marketing and communication
Tailor-made lead generation
New turn in the market on an international level New Business models
Digital Marketing and communication
Tailor-made lead generation
We all know how popular was the Chinese market for every kind of export-import product, trading of goods and purposes. After the covid’19 situation, the world banned from intake of Chinese products. Thus it is the major turning point for the market globally.
Thus it is very much golden opportunity to use this chance as a major advantage by India to make our products being imported/exported globally and thus getting well recognized in the market. According to the news sources, there are massive chances for the Indian exporters during this situation. The products which are like hot cakes for export are as follows;
Fruit products: Mangoes, Bananas, Grapes, Oranges
Vegetable products: Onions, Potatoes, Tomatoes, Green chilly
Dry Fruit products: Cashew nuts, Pistachios, Walnuts, etc.
Farm and dairy products: Rice, Meat, Dairy and processed food items, Groundnuts, Poultry, Organic products, etc.
Seeds: Cumin, Sesame, Soybean, etc.
Spices: Dry Split Ginger, Dry Red Chillies, Turmeric, etc.
Pharmaceutical products
Iron and steel products
Electronics products
Medical instruments
Auto components
Organic chemicals
Spices
Textile
Flowers
Cereals
And many more.
Vegetable products: Onions, Potatoes, Tomatoes, Green chilly
Dry Fruit products: Cashew nuts, Pistachios, Walnuts, etc.
Farm and dairy products: Rice, Meat, Dairy and processed food items, Groundnuts, Poultry, Organic products, etc.
Seeds: Cumin, Sesame, Soybean, etc.
Spices: Dry Split Ginger, Dry Red Chillies, Turmeric, etc.
Pharmaceutical products
Iron and steel products
Electronics products
Medical instruments
Auto components
Organic chemicals
Spices
Textile
Flowers
Cereals
And many more.
Exporting these products can lead to huge success!
Opening of new Opportunities during Covid’19
Opening of new Opportunities during Covid’19
This pandemic outbreak gave mixed impacts in every aspect in terms of the resources lost from one end, but getting, in turn, the great outcome on either end.
After this pandemic, both developing and developed countries are not preferring Chinese products as per the country relations, along with their cheap quality. They are probably providing at such low rates but leading to the poorest quality at the end.
This factor can be taken as a healthy opportunity to stand by. India is a land of variety and cultures. As a result, our country is capable of producing abundance but with quality.
Foreign countries are looking for innovative products which can be long-lasting. These demands in recent years can be fulfilled by India if production along with innovation is being implemented. There is a huge chance of bigger foreign investments in our country because we are all aware of our strength which is manpower. Initiatives have even been started with bigger brands expecting the innovative products to be manufactured from here. Summing these all up, we can easily understand, how great movement ahead that could be in our economy!
If this way startups are growing, exporters are expanding, the way to a new direction for our country’s next future is nearer.
After this pandemic, both developing and developed countries are not preferring Chinese products as per the country relations, along with their cheap quality. They are probably providing at such low rates but leading to the poorest quality at the end.
This factor can be taken as a healthy opportunity to stand by. India is a land of variety and cultures. As a result, our country is capable of producing abundance but with quality.
Foreign countries are looking for innovative products which can be long-lasting. These demands in recent years can be fulfilled by India if production along with innovation is being implemented. There is a huge chance of bigger foreign investments in our country because we are all aware of our strength which is manpower. Initiatives have even been started with bigger brands expecting the innovative products to be manufactured from here. Summing these all up, we can easily understand, how great movement ahead that could be in our economy!
If this way startups are growing, exporters are expanding, the way to a new direction for our country’s next future is nearer.
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