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Step-by-Step Guide to Starting Your Fruit and Vegetable Export Company
Posted By Impexbee Mumbai
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Are you interested in starting your own export business of fruits and vegetables in India? With the expansive growth in the global demand for fruits and vegetables, it is wise to invest in the untapped potential of the market. Read along to learn how to start your own export business.
Steps to start export of fruits and vegetables from India
We have penned down 7 easy steps that will become a complete guidebook, to help you start your export business. Let's get started.
Study the market and supply chain to decide the right product mix
Research and learn the ins and outs of international trading, customs clearance procedures, risk management, documentation, etc. Then decide on the product for export and the source of supply. To ensure a profitable bulk supply, consider factors like quality produce, availability, procuring large quantities of wholesale fruits and vegetables at cheaper prices, and exporting self-grown crops of good quality. Finally, decide on the market destination where it is to be sold. Consider the distance covered or time taken for the goods to reach the destination or freight availability, etc as you will be dealing with perishable items.
Get your finances ready
You can initially start with a small supply of funds to understand the basics of the business. You can expect a minimum of 50K to 3Lacs initially depending on the types of vegetables and fruits you will export. These funds are required to cover your registration cost, getting licenses and permits, freight and transportation, procurement of materials and personnel, etc.
Register your company and procure a license
Register your business with the Ministry of Commerce and get a 10-digit Import Export Code (IEC). You'll also need to fill out an ANF2A form and provide a PAN card, bank account details, and a banker's certificate.
Figure out the pricing policies
Market forces like costs, demand, and competition play a vital role in determining the export prices of your fruit or vegetable items. Keep the supply rates as realistic as possible. The exporter has to exclude costs for domestic production that are not applicable for export and add those elements of costs that are relevant to export products so consider options like modifying the product to reduce export price.
Find cold stores and packers
When choosing cold stores, consider factors like a suitable location with a clean setup, a good drainage supply, and the right temperature, humidity, and CO2 levels. Payment terms and referrals from the industry with satisfactory feedback are also important. While packing, make sure not to overstock the cold storage unit. Pack the produce in a way that the internal fan can distribute cool air freely.
Find transportation
Select the right transportation medium like cargo like freight or cargo shipping depending on the shelf life and the delivery time of the export order. Vegetables and Fruits Exports from India are perishable items so they hold a risk factor. A slight shift in the refrigerated container can spoil an entire lot of your product which can cause serious damage to your profitability. Hence getting insurance for your shipments is also important.
Register your company on marketing websites and find potential buyers
Start your exports by leveraging the e-commerce space by enrolling in B2B digital portals. They offer a valuable platform for exporters to connect with potential buyers from around the world. Impexbee is one such digital platform where you can list your produce and gain access to a vast and diverse audience actively seeking products like yours.
Conclusion
These simple steps must have cleared your initial queries on how to start your export business which might involve selling fresh fruits and vegetables online. Why wait then? Let's start initiating the process today itself!
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