Import Export Business Ideas

Hello sir I want to start a new import export business so please provide me latest ideas for this type of business.

[Kiran Chandar]

There are demands for both export and domestic consumption, India offers huge profit potential to entrepreneurs who want to start business in this area.

Import export business ideas

Top 10 Profitable Import Export Business Opportunities in India

1. Organic chemicals (export)
There is abundant production of organic chemicals in India and also there is huge demand for these products in foreign countries.

2. Electrical machinery and equipment (import)
These include sound recorders and reproducers, television image and sound recorders, and parts.

If you can afford the huge capital required, you can make lots of profit importing these products into India.

3. Iron and steel (import)

While there are many industries in India that depend on the use iron and steel as major raw materials, the country itself does not produce these metals in abundance.

4. Pharmaceutical products (import)
The demand for pharmaceutical products is still on the high side.

There are pharmaceutical industries in India, but there are still many needs unfiled by these companies.

5. Natural or cultured pearls and stones (export)
India is widely known for the production of beautiful natural or cultured pearls, precious or semi-precious stones, and jewelry coated with precious metals.

You can take a plunge into the world of exporting with this opportunity.

6. Cotton (export)
Cotton is one of the most abundant agricultural products in India.

Ironically, it is in huge demand in many other countries of the world. So, you can start a business that exports cotton from India.

7. Copper and its products (export)
You may not be able to set up a copper manufacturing industry. But you can still tap from the huge opportunities in the Indian copper industry by exporting the metal to foreign countries

8. Live trees and other plants (import)

Due to the rapid urbanization going on in India, many natural resources, particularly agricultural assets, are destroyed on a daily basis.

9. Tobacco and tobacco products (import)

Although tobacco is generally know to be dangerous to health, the addiction that comes with its consumption has only helped to maintain the increased demand for cigarettes and other tobacco products.

10. Import of seafood (import)

Tons of seafood, such as fish, crustaceans, mollusks, and so on are consumed in India on a daily basis.