How do I Export Readymade Garments?
A Step-by-Step Guide To Exporting Readymade Garments From India
The channels for exporting Readymade Garments are quite streamlined for the exporters. The government is also taking many initiatives to export goods from India to the developed country and boost the overall export of the country.
The Export-Import (EXIM) policy of India assists the new players entering the industry to help them build the necessary infrastructure quickly so they can start production.
Policies are designed to train the exporters to stand in the international market. The policy covers different aspects ensuring the company’s eligibility to export specific Readymade Garments. Guidance is provided about the export procedures and export incentives.
Procedure To Export Readymade Garments From India
Every company must follow these guidelines for the smooth functioning of the export business in India. Kindly note the steps carefully and follow the instruction to avoid challenges.
1) Registration of the export company with the government to obtain the company registration number. The registration of the company is required to participate in the trading business. Only authorized companies are allowed to involve in export business. 2) Getting an Export license from the Directorate General of Foreign Trade (DGFT). 3) Opening a bank business account to manage your finances and collect payment from foreign buyers through swift transfer facilities. All the cheques and cash payments of the business will be deposited in the bank account. 4) Research the international market to find demand for Readymade Garments. The product you sell in the market should match the customers’ requests. After you get sufficient data, you look for an opportunity abroad to sell the product.