Archive for September, 2009

Loss of Chinese Textile Exporters is India’s Gain

Monday, September 21st, 2009


Limitations ordered by the U. S. over textile exports of China within the first half of 2006 has benefited other countries with active textile exporters. The U. S. , as the world’s biggest trading economy, began importing its textile needs from other exporters. The Indian textile industry is among the major textile exporters to benefit from these restrictions judging from the increase of its profits in the U. S. Although China is fast becoming another economic giant, its administrative body cautioned its own textile export industry of possible decrease or growth slow down for the rest of 2006.
The Chinese export industry reportedly generated a meager $8. 23 billion in sales of textile exports for the months of January to July. This is a decrease of 76 percent compared to the textile sales posted last year. The year 2006 is marked as the only year when the Chinese textile exporters suffered this much loss. The Communist country attributed these losses to the U. S. -imposed restrictions. Conversely, Indian exports reportedly registered an increase of 18 percent within the same time period.
It can be recalled that Indian Textile Minister Sankersinh Vaghela has expressed optimism about the chances of his country’s textile exporters against indomitable competitors like China. Vaghela had clearly foreseen the effects of the U. S. restrictions on one of his country’s main rivals in the textile exports industry. With its improving textile exports economy, India has projected plans to exceed the set fiscal target of 19. 7 billion for the fiscal year 2006 to 2007. This is an increase of more than two billion in profits. The bulk of this excess is credited to Indian textile exports industry which is projected to reach the $40 billion mark by 2010. Plans to upgrade the country’s manufacturing community through building integrated textile exports manufacturing parks are underway with a projected budget of Rs. 1. 4 trillion.
The restrictions imposed on China’s clothing industry were founded over concerns by the E. U. and the U. S. that Chinese exporters may stifle competition in the textile exports industry. China has been accused of unfair trade practices because of its tendency to swamp markets with cheap clothing and surplus textile products. This behavior of the Chinese textile industry was traced to the lifting of the quota system, which limits global textile sales of countries. The lifting of the quota system was soon followed by an unprecedented increase in Chinese global textile exports. By imposing the restrictions, the U. S. economy is attempting to prevent the advance of a new world capitalist. By limiting China’s access to the U. S. market, China’s capitalist streak is controlled.
China has sought a compromise with the two capitalist powers and both have already reached agreements with China and its exporters regarding the issue. The U. S. signed a trade agreement with the Communist nation that will hopefully help resolve the dispute. This agreement, which allows Chinese clothing and textile exporters a rise of an initial 8-10% this year, will undoubtedly have an effect on India’s own clothing and textile exports. This is a development that the Indian nation should closely monitor.

Export Business: Requirement of Documentation and Management Software

Sunday, September 20th, 2009


The entire documentation in export business drives home a lot of confusion for the person involved and naturally creates the need for quality Export Management Software Solutions.
There is a wide range of export documentation software available in the market. In general, good Export Documentation software turns the online manuals into something that is well organized and an ample guide to diverse documentation formalities of the export business. The export documentation software are customizable to meet the needs of any exporter and increase the over all efficiency in terms of output of the export business.
Before going in for the choice of any export documentation software, be aware of the key features required for an efficient business. The perfect software is that meets the business requirements and also is completely bug free. It should also be extensively user friendly so that any one can work on it.
Similarly, the management of the files and documentation is of great importance. This business includes a lot of risks; the files are of key importance during export – import procedures. Hence, the use of Export Management software is important too. The Export management software solutions sought are expected to provide one stop shop for all the intricate requisites extensively, without exception, for this business of export – import.
A Good Export Documentation Software is developed to meet the custom requirements of its clients and is extensive in its usage. If your Export Documentation software is not yet set up to meet your exact needs, getting the software customized for your extensive usage is a good idea.
The cost of this software is very competitive in the market. So, better not look for the cheaper options, but choose the one that will serve the best. Competition in the market renders the price range varying less and so any prospective buyer should rather focus on the various features of the Export Documentation Software and whether it is Export management software solutions or just a part thereof. Better it is to buy software that fits your bill better than boasts of useless features or skips some in the favor of cheaper cost. Good export documentation software would greatly help in the smooth conduct of the export business.

Give Your Business the Cutting Edge it Needs in the Current Times With Export Documentation Software

Monday, September 14th, 2009


If you are into export and import business and growing at a fast pace, you must avail conveniences installed for speedier business. And the export-import business can have that ease with lots of export documentation software. Every country comprises its specific ways of carrying out businesses with the involvement of various types of documents. While exporting, firms will have the need for poles-apart documents, which show a direct relation to the country the business is carried out in. Even transporting the cargo traps you in various documentations and further processes. No doubt export import software is a need. If you are a new exporter, then registering with Australian Customs to avail their Integrated Cargo System might be the foremost requirement. These besides, you have to manage the bills of lading, bills of exchange and insurance certificates to successfully run your business in Australia. The Certificates of Australian Origin, TAFTA Export Registrations, TAFTA Certificates of Origin like documentation get issued by the Australian Business International Trade Services. The same institution also comprises authority to issue various other import-export related documents like Certified Declarations of Origin, Certificates of Free Sale, Document Certification, ATA Carnets, and Certificates of Manufacture. All the mentioned documents you must have while being called to show by the country you are exporting to. Firms can easily get the essential import-export related information and concerning documentation for each market at the Austrade website. All the export process can be made much simpler and smoother just by maintaining and organizing the right paperwork. Your flourishing business or vast amount of goods sale will have all such processes and documentation. Lots of growing firms in Australia and around the globe are now using export import software to bring an edge to their import and export. ImpexDocs is Australian export software that has been designed to make export to various parts of the world an easy task. Firms get the conformity records and terminologies for almost all parts of the world with this software to carry out their export functions effectively. Almost all the crucial documents can easily be known about for exporting shipments that match the UN layout format. Besides ImpexDocs, there are other export software that comprise an integrated search factor that helps the user to resolve all their business related queries till the completion period of the project. So it would be a feasible step to shift office work to software documentation from the traditional manual documentation to reap lots of gain and dividends. Just have your export documentation software to cut manpower and make money besides efficiency!

The Benefits Of Exporting For Small Business

Saturday, September 12th, 2009


Somehow, people have the perception that a small business does not export. A business that is going international is usually assumed to be a large company, and with this perception in mind a lot of small business owners shy away from trading internationally. It is the problem of scale that frightens them, but is this indeed true?They likely think this way because of the huge capital outlay that is needed to get into exporting, but in reality, a significant percentage of exporters are small businesses. Take note that the size of the company is not always important. It also does not need to have a huge marketing department just because it is going international. This is particularly true when the company sells in only smaller quantities or sells occasionally. The success of a small business in the exporting industry is dependent on the quality, competitive pricing and continuous availability of products. Despite the risks involved, which are actually part and parcel of any business, exporting brings a number of benefits to small businesses. One of the benefits of trading internationally is the potential increase of sales and profits that international trade brings, although this is significantly influenced by the quality and success of your product. With an expanded market, sales of products will definitely increase if consumers discover how much they need or desire these products and if the company continuously supplies and retains good quality products, innovates and invests in product development when needed. A small business can also gain market share globally through exporting. Obviously, when a company starts doing international trading, it becomes part of the global market. It will have a good opportunity to expand its customer base, and this will bring about better potential for long term growth. Most small businesses start with the domestic market first before going into exporting. By achieving domestic success they will attain the background knowledge needed to break into foreign markets. Without a good level of success in their home markets, companies will be unlikely to achieve success abroad. If you can’t make it at home then work on that before expanding your borders. In working to achieve this level of domestic success, your business will likely become a prominent competitor in your home market, and this competitiveness will help you to be successful in the wider world markets that you will face when exporting. Another possible advantage of tapping the international market is the lower cost of production. With the increase of supplies needed for a wider target market, the cost of production per unit of product should decrease. The next significant foreign trade benefit for small businesses is the potential gain of knowledge. By entering the international market, a company can gain various experiences which can be used to improve both its domestic and foreign businesses. It can gain information on new technologies, new product and marketing ideas, and much more. Such knowledge can be used to develop better products and sell them more effectively. Diversifying risks is one more advantage of exporting. With the company’s expansion to other countries, risks such as economic downfall and market changes are more evenly distributed. While domestic companies may be wholly affected when misfortune hits the domestic market, a company with foreign interests will not suffer such great losses. A small business can also benefit from selling its excess products internationally. If the company exports its goods, it does not have to give huge discounts to its domestic market or throw away excess products. Excess products can be sold to other markets that are not so important to the long term future. And lastly, exporting can lengthen the life of a product. A typical product has a life cycle of launch – growth – maturity – decline. An exporting business is able to extend these stages and significantly extend the lifetime of its products by launching it to export markets while the domestic market is still in maturity. Product development to replace that product in the home market can then be financed by export sales and hey presto! Your entire product cycle becomes self-sufficient and one financial strain on your business has been eradicated. With these benefits that come with exporting, owners of small businesses should consider tapping the international market. The size of the business is irrelevant: what matters is the will to succeed in the export markets. All it needs is high quality and useful products, and a good entrepreneur who is a risk taker in order to succeed.

India’s manufacturing export projections for 2015

Saturday, September 12th, 2009


India, so far has shied away from large scale manufacturing exports. However, as per McKinsey Report, â??Made in Indiaâ?? brand will be the next big thing in the upcoming years. With developed nations trying to manufacture and source products from low cost countries (LCCs), it is predicted that in the coming years, India is likely to gain significantly from this evolving global trend. The biggest USP that will help India leap-frog is its educated cheap work-force. According to the report, Indiaâ??s manufacturing exports was US$40 billion in 2002 which will increase approximately to US$300 billion by 2015, which roughly translates into 3. 5 per cent in world manufacturing trade. Moreover, the increase in manufacturing exports will create 25-30 million new jobs in the manufacturing domain and add 1 percent to Indiaâ??s annual GDP growth rate. However, to go full-throttle in manufacturing exports the Indian manufacturers will need to assume a global outlook, marketing flair, cost-efficiency, and prudently select the product segments, where they can gain the maximum vantage point. Improvement in taxation, infrastructure, SEZs, and skill enhancement should also be focused upon to help India climb up the export ladder. SKILL-INTENSIVE INDUSTRIES IN FOCUS FOR MANUFACTURING EXPORTS It is reported in 2002, US imported good worth US$1,300-US$1,400 from LCCs. Labour-intensive industries like toys, apparel and footwear and skill-intensive industries like computer hardware and consumer electronics formed a huge part of US imports. The Low Cost Countries which actively exported their products to US included, China, Taiwan, Malaysia, India, South Africa, Turkey, Brazil, Indonesia, Thailand, Poland, Russia, Mexico and the Philippines. From now onwards, the offshoring will include skill-intensive industries such as auto components, industrial electronics and specialty chemicals. This will result in increased exports of goods from LCC, from the current US$1,300-US$1,400 billion to US$4,000-US$4,500 billion by 2015. The factors that will aid this growth rate are: growing strong supplier base in LCCs, margin pressure in players in home markets and the unshackling of regulatory barriers enforced by World Trade Centre. INDIA HAS THE CAPACITY TO CAPTURE ABOUT US$300 BILLION IN MANUFACTURING EXPORTS BY 2015 Indiaâ??s manufacturing exports in 2002 was US$40 billion, way below Chinaâ??s manufacturing exports US$ 300 billion, Taiwanâ??s US$ 145 billion, MexicoUS$ 140 billion, Malaysiaâ??s US$78 billion and Thailandâ??s US$55 billion. Notwithstanding its restrained start, India still can make it to the top three in terms of exports, by 2015. In 2002, Indiaâ??s exportâ??s was just 0. 2 percent of the total world exports. Now, the economy aspires to achieve 3. 5 percent by 2015. Powered by skill intensive industries like auto components and pharmaceuticals, cheaper wage rates, good engineering skills, well set-up raw material bases, a growing suppliers list and evolving domestic demand will help India script a new chapter in manufacturing exports. In-depth study, demonstrates that of the approximately US$300 billion targeted of manufacturing exports, US$70-US$90 billion could be easily gained through just four segments â??apparel, specialty chemicals, auto components and electrical and electronic products. India total exports in these four sectors in 2002 were just US$ 10 billion. In apparel alone, global trade could raise from US$200 billion in 2002 to over US$300 billion by 2015. Of this, India can grow from US$6 billion in 2002 to US$25-US$30billion by 2015, i. e. , thereby can earn the reputation of being the second-largest LCC exporter with 8-10 percent of global trade. China has currently captured 20 percent of the world trade and in the future may capture 40-50 percent of the world trade. When it comes to auto components, LCC offshoring is poised to reach US$375 billion by 2015. India should attempt to capture US$20-US$25 billion of this by 2015. Indiaâ??s exports in 2003 touched US$1 billion, which means the growth rate required is almost 30 percent a year. Competing LCCs, for instance, Thailand and China have been trying to achieve phenomenal growth rate over the last three years in this sector, so we donâ??t see any reason why India should stay behind. In electrical and electronic products, India should bid to capture US$15-US$18 billion, in comparison to exports of US$1. 2 billion in 2002. Quite a few Indian companies are already made headway in areas such as pharmaceutical intermediates and India is leading LCC exporters in segments like dyes and intermediates, Active Pharmaceutical Ingredients (APIs) and agrochemicals for crop protection. India can definitely achieve the aforesaid goals if Indian companies, the central and state governments and MNCs go hammer and tongs to achieve this goal.

Car Spare part Supplier Windsor Exports From India

Saturday, September 12th, 2009


Manufacturer and Supplier of auto spare parts, peugeot parts includes Brake Line, Radiator Fan, Distributor Cap, Connecting Rod, clutch parts, nut Bolt, Brake Shoe Set. We are Exporter of Ball Joint, engine spares and transmission parts from India We are one of the most reputed name engaged in Manufacturing and Exports of Car Parts and Truck Parts. Today we are recognized as a highly trusted business entity producing premium range of Car Parts and Truck Parts. Our Company is dedicated to Manufacture good quality Rubber Moulded parts allowing us to offer our clients the best quality at most comprehensive prices and highly professional services. We understand the precise requirement of our honorable clients and take utmost care in the in house quality control set up and Research & Development activities. Windsor Exports is the leading exporter of Peugeot Car Parts and Truck Parts. We have vast sale network all over the world to serve the global market better. We are a leading manufacturer & supplier of Peugeots that includes Robber Mounting, Brake Parts, Nut Bolts and Electric Parts etc. for European and Japanese cars and Trucks. We are committed to offer to our customers the most cost effective range of Rubber products. We are one of the most reputed name engaged in Manufacturing and Exports of Car Parts and Truck Parts. Today we are recognized as a highly trusted business entity producing premium range of Car Parts and Truck Parts. Our Company is dedicated to Manufacture good quality Rubber Moulded parts allowing us to offer our clients the best quality at most comprehensive prices and highly professional services. We understand the precise requirement of our honorable clients and take utmost care in the in house quality control set up and Research & Development activities. We are one of the most reputed name engaged in Manufacturing and Exports of Car Parts and Truck Parts. Today we are recognized as a highly trusted business entity producing premium range of Car Parts and Truck Parts. Our Company is dedicated to Manufacture good quality Rubber Moulded parts allowing us to offer our clients the best quality at most comprehensive prices and highly professional services. We understand the precise requirement of our honorable clients and take utmost care in the in house quality control set up and Research & Development activities.

Features of an Ideal Export Documentation Software

Wednesday, September 2nd, 2009


In the midst of growing markets due to globalization of trade, exporters find themselves faced with a unique problem: Documentation. From accounts to client reports, statutory files to inventory records – documentation of records seems to be a never ending tiring process.  
To simplify the process of documentation and simultaneously lend a helping hand to the exporters, a number of Export Documentation software are available in the market. Generally thinking of Export Import software, we come across the idea of long and boring online manuals. Good export software turn these online manuals into well organized and comprehensive guide to diverse ways to do the export or import business. The Export Import software are customized to needs of the exporters and importers, and are aimed to increase their over all efficiency and productivity.  
Before finalizing any software for your documentation procedure, you should be aware of the features of ideal export documentation software. Perfect export documentation software is error free software that works according to the requirements of the business fraternity, but simple enough to be understood by everyone dealing with it. Hence, ‘User friendliness’ and ‘online assistance’ are the key factors that decide the quality of any export import based software.   
A good example of a Export documentation Software can be ImpexDocs. This is Australian export software that is built taking into account the compliance records and terminologies used in various parts of the world for documentation of export functions. The Australia’s export software generates all the necessary documents required in exporting shipments according to the UN layout format.  
After a little training, the employees can find it easy to handle the export documentation software. To provide further assistance, there is always online assistance available in the form of chat, help desks, online tutorials or e-mails. Many export software also comes with an integrated search factor, which helps the user to clear up their queries till the project is completed.  
The first step to start shifting office work from manual documentation to software documentation can begin by a simple installation of the software in your personal computer. The software will come with an instruction manual as well as help options. Exploring the various features and trying out the various functionalities will promote self learning and confidence building on the software. Besides, export supply chain software will ensure accurate data on the progress, guarantee full backup and eventual error free delivery. Of course, thus you can also maintain the proper compliance papers and avail export declaration software.

Impact of Global Slowdown on Leather Exports and Remedies

Tuesday, September 1st, 2009


Problem behind leather export industries : Indian Leather industry is moving towards an unprecedented crisis with the slowdown of global economy. With the economies of US, Europe and Japan plummeting together, India has also witnessed fall in GDP growth from around 9% last financial year to 7% in the current financial year. It is projected to dip even further to around 5. 5 % – 6% for Year 2009 – 10. The leather exports sector which witnessed a growth 20% in the first half of 2009 got dented by the global slowdown in the subsequent months. The main reason is attributed to the decline in orders from Western markets, especially the US and UK. The European Union and the US are the two biggest markets for Indian leather export firms which stand at 65% and 25% respectively in terms of India’s export share of Leather products. Secondly Chinese Govt. is generously helping Chinese exporters to follow an aggressive exports policy which help them to bag the orders in the competition. It is a matter of big concern for our Leather Industry which is mainly dependent upon its exports rather than domestic sales. Indian exports of leather is estimated at 3. 5 billion INR and its domestic market is hovering around 2. 5 billion INR. The main reason behind this could be that our leather industry cannot rely on its domestic market as the retail sector is still immature to sell the export products. Leather exporters are being inextricably caught in a situation where buyers are delaying fresh orders besides delaying their payments on existing orders and on top of that they are also asking for huge discounts. It seems that if the problem is not addressed on time, it would adversely affect the small scale and tiny industries and also have an impact on big businesses, leading to job-loss and closure of units over the next few months. It is estimated that around 2-3 lakh workers can lose their jobs in leather industry which has employed around 25 lakh total workers. Remedies to boost leather export industries: Need of the hour is to take proactive and logical steps to tackle the situation effectively which can only happen with the matched efforts on the part of both Government and Industry. Mr. Habib Hussain (Chairman of leather exports council) while addressing the issue has suggested a three-pronged approach to tackle the situation. ” He emphasized on creating the required infrastructure and have long-term plans, ” Providing subsidized term loans to exporters who have suffered losses due to slow down ” Treating US and Europe in focus markets scheme. ” Innovative product designs at competitive rates. In addition to the above, some immediate measures are needed to alleviate the plight of the leather exporters. Govt. should increase the drawback rates, reduce delays in export incentive reimbursement, Increase duty free import limit for manufacturing exporter on the % of export value, and increase weight age of leather goods under focus product scheme. All these steps are necessary to retain the big global brands which source from India which can otherwise go to China who has cost advantage to play with.

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