The Reserve Bank of India directive on Tuesday brought more strengthen to exporters on Tuesday by extending the interest subsidy treatment of two percent points on rupee export credit to additional sectors fancy leather besides leather-based manufacturers, jute manufacturing, engineering goods and textiles. With Foreign dispense Investments at an whole-length time high as a result of recent announcements made by management to modify the FDI norms ,strong domestic economy, revival of go over clout Western markets ,all these factors are allowing spell on month exports and import numbers to swell since last seven months. If we take the case of India’s textile exports solid leave grow up to $24 billion in 2010-11 from an estimated $20 billion magnetism the previous fiscal and Industry reports suggest matching future trend for nearly all Industries which are dependent on exports .
While the above factors are reasons for exporters to have a smile back on their face I guess the demanding situations are immense since companies in China are much further entirely positioned then India to anticipate and service future demand of patrons string US, uk and so on , the trick for Indian exporters, aleut importers would be how to tap buyers moment emerging nations of africa further asia and to habit a system which would allow them to gather market intelligence like having Export feeling data for their creation categories , having been working in various export houses I have seen companies with such information consider managed to increase their order book significantly . Such data is available from companies like Cybex. goods Houses should also look at ways to enhance the overall purchaser experience via allocating components and using systems like CRM.
All in all going by way of the basic export /import numbers during the months gone by and future trends from various Industry bodies, it seems the year ahead of us looks famous for Indian exporters.
I am currently employed a s a consultant bury various export homes and help aleut Exporters and importers with foreign Trade data, export import data , I also provides Indian customs data, India goods data besides illustrate import export shipment data statistics from various major around the globe. for additional information plz visit at www.cybex.in