Covid-19 serves new opportunities for export businesses in India
Over the last year, the covid-19 pandemic has created havoc wreck in our life. This pandemic has not only forced people to lose their lives but also impacted adversely to the global as well as nation’s economy. As a result, a huge gap is created between the import and export industries. To cope up with this scenario, our prime minister Shri Narendra Modi has taken several initiatives and started a new campaign called “Aatma Nirbhar Bharat.” This campaign inspires India’s citizens to manufacture their products and motivates them to sell those products in the international markets after meeting the home country’s requirements. This will maintain the equilibrium in the import and export sector. Moreover, it will also uplift the growth of the export industry. By learning the best import-export courses online, you can know how to sustain and grow your business in this pandemic.
The covid-19 pandemic has opened a plethora of opportunities for export businesses in India. Many countries are willing to start their import business with India. Let’s take a look at how covid-19 is opening new opportunities for export businesses in our country.
How the Indian government is helping export businesses amid the covid-19 pandemic?
The Indian government is supporting many budding entrepreneurs to expand their export businesses. During this pandemic, the government has taken several measures to lend a helping hand to the export industry. The government has made some decisions on extending policies regarding the export industry.
Let’s check what all policies have been extended and what changes are made in the same.
· 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
· Filing Claims under services and goods export from India schemes
Moreover, the government has provided a chunk of relaxation and extensions of meeting various compliance deadlines. Now, it’s become easier for export entrepreneurs to survive in the market and make a profit.
The current trends in export during this covid pandemic
Though covid is a threat, still, it will come to an end. But every business owner should come out of their comfort zones. If you can integrate the current trends with your export business, you will certainly reach the zenith of success. The below-mentioned trends are the ones that started before the crisis and still exist.
· Added-value services & innovation
· Employ new Business models
· Digital Marketing and communication
· Tailor-made lead generation
A few businesses that can benefit from covid-19
After the covid-19 pandemic, many countries have shifted their moves for importing products. So, this is the right time for India to take advantage of such a situation. Here are the products from which export business owners can benefit from COVID-19.
· Pharmaceutical products
· Iron and steel products
· Electronics products
· Medical instruments
· Auto components
· Organic chemicals
· Farm and dairy products
Exporting these products will create new opportunities to export entrepreneurs during this pandemic.
Rise of new opportunities in export business during this covid-19 pandemic
Because of this covid-19 pandemic, many developed and developing countries don’t want to continue their business relationships with China. Many countries have shown their interest in India for importing products/goods. Thus, India can be a good choice for providing top-quality products at an affordable price to those countries.
Many foreign companies are willing to make big investments in India with the help of political efforts. Many established brands want to manufacture their products in India that can enhance India’s export opportunities.
The above-mentioned products have a huge demand in many countries and India can certainly meet the demand for those products. This is a blessing for the Indian economy during this crisis. In a nutshell, the covid-19 pandemic has created plenty of new export opportunities for Indian business owners.
If you are looking for new opportunities to expand your export business and want to establish your presence firmly even in this pandemic, get in touch with Digitalexim. Digitamexim offers the best import-export courses online that will help you to find out new export opportunities during this pandemic. The institute shares valuable business information that will boost up the growth of your export business.
To know more details, please visit the official website of Digitalexim.