Importing And Selling Non-Renewable Energy Products And Services in India

 

I want to start my own business in India.

I want to start with trading (importing and selling) of non renewable energy products and services. I also want to represent some companies and their products as their dealers here in India.

So should I register myself as a PVT Ltd Co. with import export license, or should I exclusively register myself as a Trading PVT Ltd Co.

? I am a little confused here as I would in future want to start providing my own products and services in this domain.

Please Advice. Thanks in Advance.

 

Answer: What I understand from your question is that you already have contact in foreign countries and to start with you want to sell their products in India. Well, Its a good idea. It is better you register your company as a private limited, and then you can obviously sell your own products under that entity.

You can go to the official Indian government site for more details about registration process. http://india.gov.in/howdo/otherservice_details.php?service=19

You will definitely need an import license from local authority to legally import goods from other countries.

Export license will be only required if you are planning to export from India to outside countries.

Few points to keep in mind before you jump full-fledged…

  • Do proper market research/survey to understand demand for products you are going to import.
  • Understand profit margin in this field…
  • Do study local competitors and their products

I am not sure about how you have setup finance and payments, but do proper study of overseas payments, there is something called “Credit Note”, which is very useful when you are importing products in India and require credit from seller.

Dollar rates to keep in Mind: As you are importing, every Rs.1 increase in dollar rates will directly affect your profit margin. There is something called “Hedging”, which protects you from fluctuation in currency rates. All these big companies like Infosys, Wipro etc does implement this.

Hedging simply means you fix the dollar rates,  for e.g. Rs.50 per $1. Now even if it goes to Rs.55 you will get paid Rs50 and if it goes down to Rs.45 … you will still get Rs.50 per/USD.

Let me know if you have any more queries, You can use comment form below.

 

All you Need to Know about Starting Saree And Kurti Business

Question: I want to start a business of designers Sarees and kutis, I have following queries,

  • How should I go about starting this business from scratch?
  • What are the Government procedure and registration for a garment showroom?
  • Can you also suggest me some good names. My daughter’s name is Asmi, you can suggest me connecting to her name or something new also.

Answer: Well starting sarees and kurti business is a good idea as this is ever demanding market, at the same time always crowed and full of competition. 🙂

I’ll straight away go with your questions.

Answer 1. To start his business you will need to some priori experince in this field, I am assuming tthat you have background related to clothing and garment business.

The first step would be tie-up with suppliers or setting up your own manufacturing. I dont have much idea about your present location, but if you are looking for suppliers who can directly supply readymade Sarees and Ladies Kurits, you can always look for suppliers in Surat City, Gujrat or Ahmedabad City in Gujrat State. Surat is preferable and dominating market for this line.

After you finalize your supply part, then second step is about buying or renting a shop for selling sareer and kurtis, depends on your target market (high class or middle class or lower class), you can finalize the location of your shop.

Answer 2. Regarding government and other legal formalities, I would say that they are pretty much similar for all business, if you are starting as sole-proprietor you need to contact nearest government office for registering your business, your C.A (Chartered Accountant) can also help you in this process.

Well if you are planning to do export to other countries, then you will require export license. I think first thing you should do is start local business, if things are working fine, you can go for exporting your products.

Answer 3. Few names I can quickly think of are

— Asmi  Sarees

— Asmi Garments

— Asmi’s Beautique / Asmi Beautique

You are always free to use your own.

Few tips to market your business

1. Start telling friends and relatives about new business.

2. Invite them for exclusive sale.

3. Take a help of SMS services, to send text messages to people near your business location.

4. Try putting banners and advertisements where women/ladies frequently visit like vegetable market, temples etc.

FMCG Business Ideas, Strategy and Plan: How to Start FMCG Businesses

Hello, I am an accountancy graduate, done my graduation last year. I want to set up a small scale business (manufacturing & selling unit) with these products

  1. Packaged drinking water
  2. Dry snacks
  3. Or any other FMCG (Fast moving consumer goods)

What is the estimated amount to be invested to get started with FMCG business, can you give ideas on capital (in Detailed)?

Also, I would like to know that, if there is any scope to get help from govt. Or any organization, Please give me some effective ideas so i can start my project as early as possible very strongly.

FMCG Business Plan and Ideas

Answer: The business you are talking (FMCG) about requires a lot of investment. Even if you get loan from government, you are require to provide some 25% margin. It is not impossible, but it is difficult. You need to have roughly USD 200,000 of capital. And on that margin, you can get loan around 500,000.

So think upon it and then reply what you want to do ahead, you can use the comment below form, if you need any further help.