Apparel exports from India have been growing at double-digit pace for the past few years. In fact, India has become one of the top exporters of apparel in the world. You might be wondering if you can join this league and export your products to other countries. The answer is yes. And this blog post will tell you how. An association known as the APEDA stands for the Apex Promotion Council for EOU Industry, which makes it sound much more impressive than it really is (don’t worry, we had to look it up too!). This association offers support and resources to anyone who wants to set up an export-oriented unit in any sector of manufacturing in Kerala or any other part of India. If you are interested in exporting garments, then read on and discover what you need to know about APEDA, its benefits, and how to join their network.
What is APEDA?
The Apex Promotion Council for EOU Industry is a trade association that promotes and exports manufactured goods in India. It provides services and resources to all members, which include manufacturers, exporters, and importers in all industries. APEDA works directly with the Department of Commerce to ensure that the interests of all members are protected. If you are involved in manufacturing and want to set up an export-oriented unit (EOU) in any sector, then APEDA is the organisation that you want to contact. As an EOU member, you will be eligible to apply for loans, visit trade fairs, and receive support and advice on how to effectively market your products abroad.
What You Need to Start an Export Business in India
– Entrepreneurial spirit: If you want to start an export business in India, then you need to be the type of person who is not afraid to fail. You’ll be taking on a challenge that few succeed at. – A market-ready product: You can’t just sell anything. You need to make sure that your product/service is in demand in that country. – Appropriate export documentation: This is a crucial step in exporting your products. Most countries will not accept products and documentation that does not meet their standards. – An understanding of shipping and transportation: You will need to know about the best shipping method and the most economical way of transporting your goods to your markets. – A business plan: You need to create a business plan that contains details about your target markets, the product/service, the pricing of your product, the cost of the product, the profit margin, and more. – An investment: You need to be prepared to invest a good amount of money to set up an export business.
Benefits of Joining APEDA
– Access to exclusive trade shows: When you join APEDA, members will be able to attend trade shows and purchase exhibitions that are exclusive to APEDA members. – Expert advice and mentorship: As an APEDA member, you will have access to experts who can mentor and guide you on how to run your business. – A chance to network with other business owners: As an APEDA member, you will have the chance to network with other business owners in the apparel and textile industry. You can learn from each other’s experiences and grow as a result. – Visas and work permits: APEDA will help you secure visas and work permits for your employees who will be travelling abroad to attend trade exhibitions and other events. This can save you a lot of time and money.
How to Join APEDA
If you have decided to start an export business in India, then the first thing to do is to contact the APEDA to learn about their membership program. Depending on the type of business you are in, you may be eligible for a single-member or a multi-member EOU license. Once you get your EOU license, you will be able to apply for a GST number, which will make it easier to sell your products in India. You can also apply for an EOU license online.
Conclusion
Exporting your products to other countries is a great way to make more money. However, setting up an export business is not easy. You need to follow a certain process, meet certain standards, and comply with certain rules and regulations. If you want to start an export business in India, then the first step is to contact the APEDA and learn about their membership program.