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“Trading at only domestic level and engaging in International trading are both diversely different because trading at international level I.e; taking business up to the level of exporting and importing is undoubtedly beneficial in numerous aspects” opinionated by Chand Sharma, further conversing on the international trading with experts Chand Sharma and Puneet Kandpal, the directors of HPJ Exim pvt Ltd, which is one of the leading and rapidly developing international trading business throughout the country identifies various factors to determine that how exporting is beneficial for business.
Boost in Sales
Exporting pull you out from the lines of trading in domestic or local market and increase your sale through associating your business with other customers outside the country who need the products you deal in and increment in sales is significant factor for leading businesses.. Further, through exporting your business earns reputation and fame also.
Boost in Profit
Since, engaging in exporting cause severe increment in sales indicates that the business will earn huge profit through exporting because those who are interested in buying your products outside the country will pay you money in their exchangeable currency and due to difference in our country’s exchanging rates and their exchanging rates, this will boost your profit.
Recovering low Growth in Home Market
Due to recession in the local or home market, business might face a great loss because there is no other way to go to earn or recover losses. However, the business which also exports has options to recover or overcome low growth in local market by selling bulk quantity of it’s product to other countries customers I.e; exporting.
Enhancing Optimization and Product Quality
In comparison with trading only in local market are and trading globally, those who trade globally are fully optimized and quality conscious in local market because while exporting at international level traders need to be efficient, effective and their product must please its customers in aspect of quality. Hence, exporting enhance optimization of business and product quality.
Being known for trading internationally improves the status, fame and reputation of the company or business in local market because it is a belief that the business whose products reach maximum customer must be due to it’s excellency.
These were various benefits of exporting or trading internationally. Also, Chand Sharma, Hpj Exim (Director) and Puneet Kandpal, Hpj Exim (Director) recommends to study upon the local market and international market in aspect of product you deal with as it identifies the when, where and how you can engage or enter in circle of exporting or international market.
Trade finance refers to the financing management in international trade based upon the transactions of goods and services, it is the essential factor of import/ export business. HPJ Exim pvt Ltd has been India’s sovereign international trade throughout the country. Chand Sharma, Hpj Exim (Director) and Puneet Kandpal, Hpj Exim (Director) describe various methods of financing in international trade who has been in this business for many years.
An open account consists of the transactions on which the payment is due. This method is beneficial to importer but create a high risk for exporters because of competition in export markets buyers in other country more focus on open account terms and thus, exporter might face loss. Therefore, techniques like Export credit insurance, export factoring,etc. are recommended as it variate’s the risk of non payment by buyer.
Export Working Capital Finance
Export working capital financing are required by those exporters who are out of sufficient cash and need to cover the whole cash process through the collection of sales proceeds. These export working capital financing facilitates through loans and revolving lines of credits.
Government Assisting Trade Financing
In order to manage the supply chain of production of the factories and operating capital needs of the local exporters, government reconciles special funds for exporters distributed through commercial or specialized banks which empowers the competition in international market.
Forfaiting is a prominent technique of trade financing in which exporters are permitted to sell their medium term receivables at discount in exchange for cash. Under this method, all the risk lies upon forfiaters and exporters are capable of extending open account terms and disable the discount amount into the selling amount or price. Forfaiting is modern method of removing the risk of non payment.
These were various techniques of trading in international financing. It is recommended by Hpj Exim pvt Ltd to choose techniques according to the nature of commodities you are trading in as any wrong decision in aspect of trading technique can lead your business to fall and face a major loss.
Imports are a matter of quality of life-sometimes even of survival-but have generally benefited less from government support, promotion and the availability of resources than exports.
Importers of materials, finished goods or products for resale either identify unfilled niches in the domestic market and seek to fill them from foreign sources, or identify promising foreign products for which they try to develop domestic demand. Following are a few things suggested by Hpj Exim Pvt Ltd to be considered while importing goods:
1) Take Time to Carefully Evaluate Your in-Market Supplier
A rigorous approach to product sourcing and supplier evaluation can reduce the risk of entering into arrangements with unreliable suppliers once a promising marketing strategy can be identified.
2) Make Sure The Price is Right for Your Foreign Imports
You need to check a few things like what amount of goods is being purchased, are discounts available as volume increases, is the price inclusive of packaging, cargo insurance, and most importantly, at which point of time does the responsibilities of a seller ends and that of a buyer begins.
3) You Need Look at The Legal Aspects
Many government forms are there to be filled out and a lot of regulations for the imports. You need to make sure about what you are bringing to this country keeping in mind about the safety and codes and other applicable laws.
Hpj Exim is one of the largest and experienced trading houses located in India having 25 years experience for commodities trading export/import on global platform. As it has experience of business relations for exporter/importer, it provides platform to the people for locating
For any export business, is one of the most important tasks is to get buyers. Different companies opt for different kind of business strategies to obtain export orders in order to survive. Following are some of the export tips that are suggested to you by the trusted trading house named Hpj Exim Pvt Ltd that might help you in getting export business orders:
1) Effective Communication
In order to get business orders, you must be efficient enough to be able to convince the buyer with the equality and price of your product. The buyer will undoubtedly ask you to send some samples then.
2) Government Embassies
Certain government embassies help the business persons to find an international market for them for the purpose of exports.
3) Using Internet for Marketing
Before 1990’s it was a herculean task to get buyers for your business. But now, with everyone being available on the internet, it has become easier. You can use internet to get clients by marketing your brand and its services online.
4) Appoint an Agent
Appointing an agent in the target country is another option where you get a helping hand in solving the technical problems too in the target country.
5) Use Contacts of Family and Friends
Personal connections of family or friends can work to get you business export orders. Good business relationships can be maintained between buyers and sellers for mutual benefit.
Hpj Exim is one of the largest and experienced trading houses located in India having 25 years experience for commodities trading export/import on global platform. Hpj Exim pvt ltd provides a platform to the people for locating markets for their products from India and overseas markets. Its vision is to become truly global organisation in the business of international trading of rice, sugar, agro food products bee honey, organic/inorganic, chemicals/ solvents, edible oil, ghee, salt, onion, wheat flour, pulses, wax CPW normal paraffin, PVC resin K value and SG5 and allied products by developing and continuously upgrading their quality, system and professional skills.
Import and export items in India are huge approach to blow up your business and a most ideal way to enter the worldwide economy. As a general rule, organizations that work together worldwide develop more quickly and fail less than organizations that don’t. On the off chance that you are prepared to begin import and export items in India and become a part of international trade, then there are various government projects to help you to begin. Additionally, there are strict arrangement of laws for top import and exports in India.
Exports and Imports bring new heights to trade business in India. The top products that are imported and exported are developing depending on their demand and supply in the country.
These top imports and exports in India include products like:
- Agricultural products
- Industrial goods
- Food and beverage products
- Pharmaceuticals and biotechnology
- Defense products, etc
While most of the items can be exported without the requirement for licenses, some specific items or high-hazard things, for example, guns or pharmaceuticals may require special government permits. On the off chance that this is the situation, expenses may run essentially higher. Many top import and export items in India are managed by centralized agencies. On the off chance that you import or fare some particular sorts of items, you might be required to acquire particular licenses and permits or finish supplementary paperwork.
Hpj Exim Pvt Ltd is a trading house that specializes in facilitating transactions between a home country and foreign countries and is also one of them that is the largest and experienced trading House located in India. Hpj Exim has 25 years experience for commodities trading export/import on global platform. The Company added diversified trading activities of various commodities and became one of the good trading houses in India. Having the experience of business relations for exporter/importer, Hpj Exim private limited provides platform to the people for locating products for their products from India and overseas markets.
Just like many other trading houses which specialize in facilitating transactions between a home country and foreign countries, Hpj Exim Pvt Ltd. is also one of them that is the largest and experienced trading House located in India and having 25 years experience for commodities trading export/import on global platform. Having the experience of business relations for exporter/importer, HPJ Exim Pvt Ltd provides platform to the people for locating products for their products from India and overseas markets.
The Vision is to become truly global organization in the business of international trading of Rice, Sugar, Agro Food Products Bee Honey, Organic/Inorganic , Chemicals/ Solvents , Edible oil , Ghee, Salt, onion, Wheat Flour, Pulses, Wax CPW Normal Paraffin. PVC resin K value and SG5 and allied products by developing and continuously upgrading our quality, system and professional skills.
HPJ EXIM is growing in the business of global trading of agro-commodities to utilize the company’s long standing, close working relationships with some of the professionals and industrial house around the world.
Hpj Exim has made tie-ups with international majors of chemical industry to minimize the hassles and ultimately cost advantage to everyone. Our suppliers are regular and are in bulk from reputed manufacturer in Iran, Qatar, Oman, UAE, USA, Europe, and South East Asia.
Hpj Exim is dedicated to Reduction of cost without compromising the quality maintains leadership in chemical sales and Marketing, Logistics & Excellent in supply chain management.
Our product range :-
- Indian Rice
- Wheat Flour
- Waste Paper
- Bee Honey
- Milk Products
- Printing & Dyeing
- Food Processing
- Gaur Seed
- Mentha Oil
- Refined Soya Oil
- Cosmetics & Toiletries
- Drugs & Pharmaceuticals
- Ink Manufacturing
- Soaps & Detergents
Hpj Exim Pvt Ltd. Is looking ahead to explore every opportunity in the growing global economy.