With its rapidly booming economy and huge population of over 1 billion people, it’s no wonder that India is the new darling of wholesale importing. If you are keen to expand your product range and take advantage of this expanding market, keep reading!
Why Import From India
Like China, India’s economy is in a growth period, so costs of manufacturing are very low compared to elsewhere in the world. As a seller, this presents you with an opportunity to buy very cheap products directly from Indian manufacturers and sell them to make a very nice profit in your own country.
How to Import from India?
When importing from India to your country, all the usual rules will apply. Local regulations will vary but generally you will need to fill in all the correct documentation, arrange shipping, clear Customs and pay the relevant duties. In the US, documentation usually consists of a commercial invoice detailing the product amounts, an arrival notice, an ocean or airway bill, a packing list and Customs forms 3461 and 7501.
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Why to Import?
India manufactures just about everything – but the top exports that interest us sellers are leather products (shoes and clothing), electronic goods, plastic consumables, ready-made garments, gemstones, jewelry, handicrafts and fabrics.