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How To Start Export Business Without Investment In India – Steps & Procedures

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Export business is very profitable venture and anyone can start this business easily in India. The procedure of exporting any product from India to international market is very simple and whole infrastructure is managed by the government of India. On the other hand, Indian government has launched various bonus and incentive schemes for exporters to encourage them in this business. In this article we will discuss various topics such as how to start export business, what are the process of exporting, how to find buyers in international market and how to find profitable product to export from India.

Products can be exported from various sea ports in India. Such as, Mumbai port, Kolkata port, Trivendapuram port, Godra port, etc. Government of India has constructed sea ports in every city which is facing the sea. Also, there are some Inland Container Depot(ICD) which is also know as Dry Ports, these dry ports are in city without sea. Some of the cities which has ICD are Pune, Aurangabad, Indore, Bangalore, Gaziabad, etc.

Also Check – Where To Export From India? Top 20 Country List With Export Value

Top 10 Most Exported Products From India

Benefits of Export Business

Export business is very profitable because the price of a particular product in various other countries are different. For example, price of Basmati rice in India is different from the price in UK, Saudi Arabia, USA, etc. One of the major benefit is that you can get high price of your product in so many countries. Below are some of the benefits in export business.

  • Anyone can start export business who has a registered firm with PAN and current bank account
  • The steps and procedure is very simple and easy to follow
  • No risk of loss in this business if you have followed the procedure correctly
  • Your potential market is 200+ countries and price of your product is different in every country
  • Lucrative export incentives offered by government of India

Some Doubts In Export Business

Q. Should I learn English Language Before Starting Export Business?

Ans. English is not required but little knowledge in english is beneficial. If you know how how to read emails, how to send emails then it is sufficient. There are lots of exporters in India who do not know English and still they are making living out of export business.

Q. What if my buyer refuses to make payment of the product which he has received?

Ans. Many products which are being exported from India are done in advance payment. If your buyer is willing to pay 25% of the total amount in advance then you have to follow the procedure which has been setup by the government of India. There is enterprise known as Export Credit Guarantee Corporation, ECGC and if you have exported your product under this enterprise then ECGC will pay you the remaining amount if your buyer has refused to pay or has cheated on you.

Q. How much investment is required in setting up export business in India?

Ans. Export business can be started without investment in India, but you have to follow certain procedure in which very low investment is required. For example, for IEC code, you have to invest Rs 250/- only. Similarly, for the formation of export firm, you have to invest around Rs 15000/-. You can start this business in very low investment if you are not manufacturing your own product. If you are selling someone’s else produce then you do not have to invest much.

Steps Involved In Starting An Export Business In India

  1. Register a firm
  2. Firm name should contain the word “exports” for example, ABCexports Private Limited
  3. Open a bank account, select a bank which deals in forex exchange(HDFC, ICICI, etc)
  4. Get Import Export Code(IEC)
  5. Attach IEC code with your bank account
  6. Create a website for your firm
  7. Select a product for export
  8. Find buyers in international market

The main part in export business is to find potential buyers in international market. It is not very difficult to find buyers, you can find them easily if you have a website registered in various portals such as Trade India, Alibaba, etc. We will discuss this topic of finding potential buyers in next part of this article. Also, in next section of this article we will discuss about how to get import export code, also know as IEC code.

Next Part – How to find buyers online in international market

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17 Comments

17 Comments

  1. vandana

    September 8, 2017 at 3:59 pm

    Hi,sir,
    There is lot of exporters in India, some of them are not manufacture.. then..they can do the export business in profitably?how? ????
    How to find products,supplier ,which price we get the products ? When we compared with wholesale price?
    How to find buyers from over sea’s? And what are the different steps we do for this business? Please tell me sir? If a women ,there is any financial helps get from govt?

    • Pawan

      October 23, 2017 at 8:58 pm

      Hi Vandana,

      Export business is all about contacts, you have to search for local suppliers and ask them about the price in bulk. They will give you additional discount if you will buy in bulk. Try to get export orders from overseas buyers and act as a middle man.

  2. Biswajit Samantaray

    September 27, 2017 at 6:22 pm

    I am intrest start the export bisness.But without knowledge ,how can start the bissness.can you help me.

  3. vasantkumar palas

    October 8, 2017 at 8:25 am

    I am interested but many not available investment am parson poor family

    So can you help zero investment start business
    Sir
    ….

  4. Sumit ohal

    October 18, 2017 at 8:04 am

    What is the actual work, done in export business. If we are not manufactured or suppliers, so how to earn money with out investments.
    Give a simple examples please.

    • Pawan

      October 23, 2017 at 8:54 pm

      Hi Sumit,

      I started garments export business in the year 2015 and today it is going good. I get export orders online with the help of my website. I dont have my own garments manufacturing unit, I have many contacts who can supply to me in bulk. When I get orders from buyers, I enquire local supplier and send quotation to buyers accordingly.

      My first order was from Dubai (Ladies suit and kurti) with the help of my friend contacts. My second order from South Africa came through my website. I am not manufactures, I am only acting as a middle man. You will get repeated orders from one client if your product is good with competitive price. Try to build contacts and get a website.

      Hope it helps all who want to start export business.

      • yogeshkumar kharmate

        January 12, 2018 at 10:45 am

        Can you help me how to start export business currency I am based in Dubai
        What’s up no – 0529564296

      • Wasim

        February 16, 2018 at 11:30 am

        Hi, lt is nice article. Can you please tell me, who pays the shipment ? How do you mange the cost of shipment ?

        Thanks
        Wasim

  5. yashwanth

    November 4, 2017 at 10:14 am

    sumit ji send me yous phn number i will help to you my number is 9912410187 yashwanth

  6. Deep

    December 5, 2017 at 2:25 pm

    Is it possible to act as middle man in case of food category exports.
    Since, it have some responsibility regarding quality and its safety for human use. If any wrong occurs regarding quality than what will do? Also what about branding, can i change only brand of that item?

  7. yogeshkumar kharmate

    January 12, 2018 at 10:44 am

    Hi I am interested in export business & I don’t have experience in export business can somebody help to start business? Currently I based in Dubai

  8. Rajesh

    March 21, 2018 at 8:25 am

    Sir my shop name is asd general store and iec no. And bank C a/c is same name .i want to start merchant export work .is this name not good कया नाम वदलना पडेगा what i do.

  9. Rajesh

    March 21, 2018 at 8:30 am

    Sir i want to start export rice and other food .but in ludhiana export p council
    APEDA is not located by me where i go for registration for rice export in ludhiana punjab

  10. Charu

    March 22, 2018 at 7:35 am

    I wanted to start my own business of garment exporting …How can I contact with local suppliers

  11. SUJAN CHHURA

    March 23, 2018 at 6:18 am

    Hi! I want to start export business from Sambalpur Odisha.Is it possible to start from here?

  12. Vinay

    July 2, 2018 at 9:09 am

    Everything in this article is okay. But i need to know more about the transportation and custom clearance. can you please brief me in detail.

  13. Anand

    September 7, 2018 at 9:05 am

    Dear sir,

    I wanted startup export business like in our karnatak lots of different type of snacks and all manifactured.. i am from poor family in my home also we are doing it.. plz tell me how much investment is required to startup

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