Category : Knowledge Base

Financial News

Boosting Indian Commodities Exports: Much Needed SOPs To Soften Logistics Cost Blow.

Export-Boost

The pandemic hit the global exporters and India is not an outliner.  As per the reports, the pacing rate of recovering is faster in China as compared to India. There are various reasons for the same:

  • India’s consequent restrictions on trade lead to a delay in turnaround time for ships.
  • Exporters in India have to pay high freight charges due to a shortage of containers.
  • Freight charges to the Middle East double over a period of time.
  • Europe freight charges rise to $8,000per container from $2000 per container.
  • While a reasonable appreciation can be justified to fuel price hike, this massive increase witnessed in India allude to a sinister plot of artificial shortage creation and cartelization by shipping lines.
  • 15-20 days delay in getting space, vessel, and slot hampers the trading sector.
  • The unclogging of goods at the global level is unpredictable.
  • China has a high processing time that’s one big reason China’s suppliers are luring the large ships with higher freight charges.

The global disaster of Covid-19 hits exporters at a crucial time when they are striving to reap advantages of the resurgence in international demand for commodities. Moreover, the nation’s $400 billion export goal for FY 2022 is also threatened.

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TMT Steel

Top 10 TMT Bars Manufacturers in India

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Thermo-Mechanically Treated or TMT bars industry is one of the major growth sectors in India. It is one of the most important elements of any building structure, so picking the right TMT bar maker is crucial for any construction project.

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Manufacturing UltraTech Cement 53 Grade and Its Benefits

UltraTech Cement OPC 53 Grade

UltraTech Cement Limited is a subsidiary of Aditya Birla Group established by KC Jhanwar, Director but later on overtaken by Kumar Mangalam Birla, Founder of Aditya Birla Group. UltraTech is the largest cement manufacturer in the country. The company majorly deals in various kinds of cement which include Portland Blast Furnace Slag Cement, Ordinary Portland Cement, White Cement, Portland Pozzolana Cement, Ready Mix Concrete(RMC), and various other building products. This multinational infra-giant is renowned for its offerings. The corporation aims to shape a better future for the planet through investments in health and education.

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Construction Material TMT Steel

TMT Bars Manufacturing Process and Types

TMT Bars Manufacturers

The TMT bars steel industry is the cornerstone of the modern economy. The health of the economy can be easily gauged by how well its steel industry is doing. Some of the top steel producers in the world are the USA, China, EU, Russia, India, Indonesia, etc. With the evolution of technology, the steel industry went through its share of change for good.

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Construction Material TMT Steel

History of TMT SARIA in India and its advantages

Buy Bulk TMT Saria Online - TMT Saria Buyers

The production of steel on an industrialized scale began as early as the 1800’s in America and England. When steel was first manufactured in 1820 in Sheffield, England, it ushered in an era of rapid social, economic and industrial development. The invention of the steam engine further fastened the process of steel manufacturing and led to unprecedented economic development.

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Cement Construction Material Construction Material

Wonder cement trade development and its benefits

Wonder Cement Manufacturers Exporters

Cement production is vital for the rapid economic development of any country. India is actually one of the largest producers of Cement. India holds the unique distinction of having an installed capacity of 500 million tons per annum with a production of 298 million tons per annum. Andhra Pradesh is the largest producer of cement followed by Rajasthan, Karnataka, Madhya Pradesh and Kerala.

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Buy & Sell Constructing a house Construction Machinery Construction Material Construction Planning Construction Technology

Buying Construction Material Online: The Right Approach

Buying construction material online - The right approach - Building material suppliers

With the developed economy witnessing more or less saturated growth, attention has shifted to emerging and developing economies. Emerging and developing countries have shown remarkable resilience in the last few years even in the backdrop of a global slowdown. With steady growth in the above-mentioned countries, demand for swanky offices, commercial spaces, special economic zones, residential societies has seen an impressive rise.

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Basmati Rice Buy & Sell Commodity

How to buy Basmati rice directly from the Suppliers?

How to buy Basmati rice directly from the suppliers

Basmati rice is one of the most sought-after commodities to be exported from India. Its variety, flavor, deliciousness and nourishment make it an ideal item for a staple diet to the end consumers. Because of its great demand in foreign markets, buyers (bulk and retail) are always willing to invest from a long-term perspective. However, lack of awareness, technology and market knowledge makes the buyer susceptible to dubious and fraudulent transactions.

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Knowledge Base

How to start meat export in India, learn the basics.

meat-export_tradologie

Any meat business sees export as a lucrative opportunity. Small scale or new businesses in India feel exporting meat is a hard task to accomplish. In reality, initial paperwork requires your highest attention, approaching buyers and shipping is not at all a cakewalk.

Sometimes people are clueless on how to even start with any new venture. Below we have gathered all the information, step-by-step for your better understanding of meat export. This will help you draw your plan of action, effectively.

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Foremost, before commencing export, you need to get your paperwork on point. The two most important requirements are

  1. Company registration – it is a certificate issued by the govt. of India, which signifies your business credentials and authenticity. Registration certificate has all your company details, address, owners, etc. in one place. It just signals, your business is genuine and any transaction you make is recorded by the government. Anyone looking to purchase from overseas needs such documents, as they wouldn’t physically visit you and can trust you if government-issued certifications are complete.
  2. IEC code– also known as the import or export code, with company certification this is a code issued to you by the foreign trade department. IEC code is a number issued to you and all your foreign transactions are recorded against this assigned number. It is a 10 digit code with lifetime validity. Getting an IEC code is an inevitable step before exporting meat.
  3. Meat export license- the third most important certificate for exporting meat is the meat export license. It is issued by the department of agriculture, water and Environmental grants. The department ensures all the guidelines are followed as meat export has numerous standards to abide too. Gulf countries don’t entertain suppliers without the meat export license. 

To apply for all the three certificates you require, the company’s pan no., Aadhar card, canceled cheque, and business premises rent or ownership proof. You can apply for a company, certificate, meat license, or IEC code by simply visiting the GST website and Directorate General of Foreign Trade | Ministry of Commerce and Industry | Government of India respectively.

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Once your paperwork is complete, the next step is to approach potential buyers. To export, you need to select a target market, where demand for meat is high. Right after you’ve understood the high need markets, you have to approach the buyers.

You can look online, buy importers’ data, email buyers, call them or if you feel sure that things will materialize, you can visit. These are a few, old-age ways to approach buyers globally.

You explain your meat quality, explain the production, raw material source, and discuss price points. Single-handedly doing all this can be tedious or hiring a resource can burn a hole in the pocket.

A company, Tradologie.com is making the buyer-approaching process easy for you. They digitally connect buyers and sellers all at one platform, without constant emailing or calling for follow-up.

A well-designed portal is all you need, after registration as a verified supplier they connect you with multiple buyers live, worldwide. You can explain all the aforesaid information to the buyers without sending a series of such emails.

Such rapid communication with buyers is very fruitful, generally, if the communication is delayed chances are buyers forget about your deal or miss emails/calls but if you are dealing live, the deal will commence immediately. 

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After you’ve managed to attain the order, the next step is sending in the samples for approval. It is the most crucial step of the deal because if the buyer’s requirements are not matched, orders can be revoked. Succeeding to this, It is advisable to discuss payment terms.

In domestic orders, payment terms are usually discussed later but when you are dealing abroad, payment terms are stated before processing the order. Credit risk is a possibility in export orders, ask for advanced payments or a letter of credit to assure the genuineness of the buyer 

Following the payment terms and quality inspection, you process the meat order, exporting meat can be tricky due to the Perishing nature of the commodity. To lower the shipping risk, opt for shipment insurance, check for quality, and choose palletized containers. These few steps will ensure the meat is preserved properly, in transit. 

We aforementioned tradologie.com for

meat export from India

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Knowledge Base

Benefits of E-procurement and the World’s only bulk E-procurement platform

Benefits of E-procurement and World’s only platform

Online Acquisition is also known as “E-Procurement”.Presently, The Electronic Procurement Process is in demand because the process of purchase and sales of products through the internet without any broker and the procedure of procurement are sparing.

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