Saturday, 26 October 2019

Scope of Indian Products in Asian Countries

Today I am going to bring you up what is the scope/opportunities Indian products have in Asian Countries, Read it till the end! Asian Countries are: Japan, China, Indonesia , Singapore , Malaysia , sri Lanka , Vietnam , Philippines , burma , cambodia , south korea , qatar , UAE , Bhutan etc . .. Asian Countries are having huge scope of Indian Products Majorly Into Agro commodities, Apparels & Many more. . India Being one of the largest producers of Agro Products, we have the capacity to supply both in Fresh, Frozen & Dehydrated forms. Among them Fresh & Frozen are having a major demand, Dehydrated market is picking up recently. Of course, we are also having good manufacturing units in Apparels, Processed foods, Machinery, Handicrafts, etc If you are a startup, Decide one country which is neighboring to India & make a visit to that particular country and see how markets work. ( access to these markets are pretty much easy obviously there is huge competition which you have to withstand initially) . If you are staying in one of these countries and are looking for opportunities to get started, Move on & see the markets of imported stuff in the country. Understand what that country imports, what do they produce themselves. It's just not about exporting the stuff, Every country comes up in the Supply and demand gap by default due to many reasons like Local crop failure, Non - Availability of stocks due to natural calamities, etc. at that time they need to also import! Perishable products : Fresh Fruits, Vegetables, Flowers, Indian snacks, Seafood. Non - Perishable Goods : Pulses, Rice, Spices, Spices Powders, Seeds, Apparels, Machinery, Handicrafts, Pharmaceuticals, artificial Jewelry, etc Many startups have asked how could I start with very low investment ( There are two ways, in this case, You can tie-up with an Exporter initially to get experience & increase your Investment or start with Perishable goods like fresh fruits & vegetables - Tap Singapore, Malaysia, Dubai! ) Countries like Dubai, Singapore, Malaysia are having huge Demand for Fresh Fruits, Vegetables, Spices, etc. Advantages of choosing Asian countries : 1. Easy to access the markets. 2. Easy to communicate. 3. Logistics are cheap. 4. 365 Demand in case of agro products. Disadvantages of Choosing Asian Countries : 1. Huge competition. 2. Mostly on credits ( As we Indians taught them but not all products) 3. Congested (A single buyer has multiple Suppliers). Why do they prefer Indian products? 1. Due to the FTA Agreement which can suppress the import duty. 2. Good Quality & Major Variety available. 3. Competitive prices. 4. They don't have local produce hence have to be dependent. ( Neighboring country ) So, I hope this Article helps startups to understand the scope of our products in the Asian market. If its worth Reading, Please share it with your Eximpreneurs, The comment section is all yours :) Cheers, Santhosh Raghavan

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