Are We Being Punished: Exporters

image
— Like Ayer said Modi’s foreign policy will soon be a national calamity when you’ll see everything wrong and won’t be able then to align the trade export, import.

— Shabab Khan


Contracting for the 11th month in a row, India’s merchandise exports fell 17.53% in October to USD 21.35 billion, mainly due to a steep fall in shipments of petroleum products, iron ore and engineering, amid a broader demand slowdown.

The imports too shrank an annual 21.15% to USD 31.12 bn in October, narrowing the trade gap to USD 9.76 bn, from USD 13.57 bn in the same month last year.

Exports in October 2014 were valued at USD 25.89 billion. Gold imports during the month under review showed a sharp decline of 59.5% at USD 1.70 bn.

The cumulative exports during April-October this fiscal came down by 17.62 per cent to USD 154.29 billion as against USD 187.2 billion in the same period last year, according to data released by the Commerce Ministry.

The trade deficit during the first seven months of the current fiscal has shrunk to USD 77.76 billion as against USD 86.26 bn last fiscal. Oil and non-oil imports in October slid 45.31 per cent and 9.93 per cent to $6.84 billion and USD 24.2 billion, respectively. On the export front, shipments of petroleum products tumbled 57 per cent to USD 2.46 billion while those of iron ore sharply declined by 85.50% to USD 2.95 million. Engineering products were no exception, shipments of which took a knock of 11.65% at a USD 4.57 billion. In September, the country’s exports went down 24.33 per cent.

The country’s imports during April-October 2015-16 too declined by 15.17 per cent to USD 232 billion. Oil imports during the first seven months of the fiscal were valued at USD 54.97 billion which was 42.07 per cent lower than the imports of USD 94.89 billion in the corresponding period last year. Non-oil imports during the period dipped by 0.89 per cent to USD 177 billion. The Commerce Ministry data also said that services exports during September dipped to USD 13.32 billion as against USD 13.58 bn in August this year. Imports of services too decreased to USD 7.45 billion in September as against USD 7.77 billion in the previous month. The trade surplus was USD 5.86 billion in September.

Commenting on the exports figure, Engineering Export Promotion Council (EEPC) said a 17.62 per cent dip in exports in April-October period is really a matter of concern.

“The current fiscal is proving to be one of the worst years for exporters who are facing a huge demand slowdown.”

Many of the SME exporters in the engineering sector are finding it difficult to survive given the kind of squeeze in the global trade,” it said in a statement. It said that there are no prospects of improvement in the immediate future. “The government should immediately help by way lowering interest rates by subventions and clearances of tax refunds without any delays. Besides, the procedural support at the customs will provide some healing touch,” the council added.
★ ★ ★



(Author is an Export Entrepreneur, Journalist, and Social Activist

Business Optimism !!


. . . Positive Energy can allow in terms of making you go for an attempt even in some impossible scenario. And in this game of positivity India emerged as World’s IInd having most businesses running on Positive tracks.

— Shabab Khan

NEW DELHI: India Inc has emerged as the second most optimistic in terms of business optimism globally with a survey showing that 86 per cent of Indian respondents are bullish about an increase in revenue of their companies.

According to the Grant Thornton International Business Report (IBR), a quarterly global survey of 2,580 business leaders, India ranked second after Ireland in terms of the business optimism.

Business confidence and expectations for revenue and exports are down in several major economies that have China as a major trading partner, though slowdowns are hitting USA, Greece, France, Romania, even United Arab Emirates plunged down. India is safe.

“India is relatively insulated from the slowdown in China and sees a slight gain in confidence, despite falling exports,” the survey said while taking note of RBI’s recent interest rate cut by 50 basis points to support growth. As per the survey, 86 per cent Indian businesses are optimistic about an increase in revenue compared to 83 per cent last quarter. Moreover, Indian businesses are also positive about profitability with 69 percent respondents expecting a rise in the profits. ” Indian businesses have been consistently optimistic in their business outlook over the past decade barring a couple of quarters. This is based on the underlying strength of the economy, the consistent high growth rate, the entrepreneurial dynamism in being able to create new opportunities and businesses and the lower reliance on global trade based on significant domestic demand,” Grant Thornton India LLP Partner – India Leadership team Harish HV said.

However, there was further fall in optimism on the rise of employment aspect with only 52 per cent Indian businesses hoping for the same. “The concern based on the results of this survey is the pessimism on employment, which is a key factor and need for the country given the demographic dividend which could turn into a demographic nightmare without adequate employment generation. The Government’s thrust on ‘Make in India’ needs much more push to make it a reality and that could salvage the situation,” the report added.The survey noted that ICT (Information Communication Technology) infrastructure is the biggest concern for Indian Businesses followed by lack of skilled workers and red tape. Also, there is not any major improvement in the expectations of an increase in R&D activities and exports in the country from the last quarter.



(Author is an Export Entrepreneur, Journalist, Social Activist…

Tea Bag Making |Profitable Business Idea

PRODUCTION

image
★ Tea Bush in a Tea Plantation Facility.

Tea bag making business  recommended to prepare a customized project report according to your budget and required production capacity. In business plan clearly fix the marketing strategy, business objective and mission statement.

Legal Compliance for Tea Bag Making Business:

In initiating the venture you will need to determine the legal pattern of the business. You can start with a registration of a One Person Company or you can register with LLP, Pvt Ltd or Ltd Company. Obtain Trade License from local authority. Apply for Pan Card. You will need to have Sales Tax registration. This type of small scale manufacturing doesn’t demand NOC from Pollution Control Board. Choose a memorable, catchy name of your brand.

Machinery and Raw materials for Tea Bag Making Business.

Tea Bag making machines form tea bags with string & tag from heat sealable filter paper. It’s an automatic operation where the bag forming filling, sealing and attachment of the string and tag is fully automatic. Easy to handle and operate equipped with all contact parts of stainless steel. Several operator friendly semi-automatic and fully-automatic machines are available in the market. Select machines as per your production requirement.

Check the warranty period:
Make sure you are buying machine which is meant for business is properly warranted, go for branded even if it costs you little expensive.
Selection of variety of tea is the main factor to get quality product in tea bag making business.

Quality:
Organic tea, Green tea, Herbal Tea, Assam tea, Mixed Blended tea are the most popular tea variety generally used to make tea bags. Normally one tea bag holds approximately 1-4 ounces of tealeaves. Also you need to source the quality paper make tea bags from reliable suppliers. Other essentials are packaging materials like tags, pouches and card board packets.

Marketing Idea for Tea Bag:
As tea bags are consumer goods you need to be focused on creating brand equity, maximize brand visibility and promoting brand usage. You can start selling locally by establishing a distribution channel. Contact with the retail brands to have a tieup with your business.

In India hotels, restaurants, clubs, business houses, hospitality management companies are the major consumers of tea bags. You can go for some creative deigns of tea bags.

Register your product with different online shopping portal to attract online consumers. Create a non liner presence of your tea bag making business. Give some rich informative content there about several varieties of tea and their great tastes.

Congo!! Two years later, you are all set to an extent where Export can be considered.

Thanks:
— Aparna Singh (Production Manager: TATA TEA)
— Matsaeye Ishaque (Quality Analyst: Gangtok East Plantation)



(Author is an Export Entrepreneur, Journalist, Social Activist.

Export/Import: Best Opportunity in India

Export Import

image
— by Shabab Khan

Are you searching for top profitable import export investment opportunity in India?

Import export investment opportunity can helps an entrepreneur to start a new venture or to grow his/her present business. Import export business also can be initiated as home based basis with a small startup capital investment. As your business grow, you will find lot of expansion opportunity in this business.

The most crucial factors are to identify the right import export investment opportunity and crafting a legitimate marketing plan to get success in this business.

Import Export business is highly regulated by Government Authority. Before starting, you must know which product is profitable for export and which one will generate more revenue from import.

I will soon post an article about a basic guide of how to start an import export business. What formalities you need to fulfill in order to be an Exporter/Importer.

I compiled 10 most profitable import export investment opportunity in India for your ready reference.

List Of Top 10 Import Export Investment Opportunity In India

1. Agro-chemical Import:
Agro-chemical including fertilizer, secondary nutrient, pesticide, insecticides are the products that you can import in India. As agriculture has the major role in Indian economy, these products have high demand in India.

Having contacts with the distributors and retailer you can start this business with proper planning.

2. Copper & Copper Article:
Import Export Copper and copper articles falls under HS code (HTS code) chapter 74.

In India Copper and Copper articles classified under ITC code (Indian Tariff Code) chapter 74.

Copper and copper article export is considered as a profitable import export investment opportunity in India.

3. Electronics Product Import:
Power Wire, fuse, capacitor, earth wire, rubber key pad, PCB board, row socket, screw nut, DIODE bridge, computer accessories are the popular electronics products, India imports in huge quantity.

Having proper contacts of foreign manufacturers basically in China, you can initiate this business with substantial capital investment.

4. Fruits Vegetables Export:
Fruits vegetables export business demands an adequate knowledge about foreign markets. If you are living in an area where fruits and vegetables production is good enough, you can consider to initiate a fruits vegetables export business starting just from your local growers.

The export import sector is hugely organized and you will get sufficient data in your hand. The most beneficial part of this business is, you can start this venture from your home location (will come up soon).

5. Leather Goods Export:

Leather is considered as a most widely traded commodity worldwide. The growth in demand for leather is driven by the fashion industry, furniture, automobile industry and especially footwear.

India is the fifth-largest exporter of leather goods and accessories in the world. Apart from footwear, some of most popular export oriented leather products are belt, handbag, key holders, wallet, folder and gift items such as handbook etc.

A large number of small medium and even large scale companies are involved in producing these products in India. With proper contacts you can tap this opportunity in India. You can contact with The Council for Leather Exports (CLE), which is an autonomous non-profit organisation and is entrusted with export promotion activities and the development of the Indian leather industry.

6. Medical & Surgical Equipment Import:
Different types of high quality medical, surgical and healthcare product can be imported from foreign country. These are very popular import product in India.

You can also make tie ups with foreign reputed manufacturer as an exclusive sales representative in India.

7. Organic & Petrochemical Chemical Export:
India is recognized as a large producer of wide range of organic chemicals. Cyclic hydrocarbons, Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, antibiotics, Phenols; phenol-alcohols are the popular product for export from India.

8. Precious Metals Import:
Precious metals like gold, silver and gems including diamonds are the most profitable import opportunity in India. India Jewellery market is fully dependent on importing the raw material and the demand is increasing day-by-day.

You may consider starting precious metal and Gem import business in India.

9. Tea Export:
India is the second largest tea producer in the world with production of 1,197.18 million kg in 2014-15. India is ranked fourth in terms of tea exports, which reached 197.81 million kg during 2014-15 and were valued at US$ 619.96 million. Indian tea is popular in all over the world. Processed tea export is considered as a profitable one. You can tie up with the tea growers and make export arrangement of your own.

10. Textile Goods & Garment Export:
India is one of the large producer of cotton. Cotton yarn, textile fabrics and designer garments of India, are very popular in international market.

Currently India has overtaken Italy and Germany, and is now the second largest textile exporter in the world. China is the biggest importer of raw cotton from India. The other major cotton importing countries from India are Bangladesh, Egypt, Taiwan, Hong Kong among others. Textile goods &garment export is considered as one the profitable export investment opportunity in India.

You may contact The Cotton Textile Export Promotion Council (TEXPROCIL), which takes part in national and international events to enhance the visibility of Indian products, advertises and promotes Indian products in various media. EPCH (Export Promotion Council of Handicrafts).


(Author is an Export Entrepreneur, Journalist, Social Activist Against Animal Cruelty …

Marine Insurance

Introduction of the subject:

MARINE INSURANCE:

image
— Insurance covering the consignment you are exporting by using a shipping agency is a Mandatary term you will find mentioned in Order-Sheet. And, its not expensive at all.

— by Shabab Khan
Export Entrepreneur

Importance of Marine insurance in commerce:

Marine insurance plays a very important role in the field of overseas commerce and internal trade of a country. It is closely linked with Banking and Shipping. Banks generally finance the goods which are transported by ships or by other means of transport in the case of internal trade and Marine Insurance protects such goods a Marine  Insurance  can be  divided broadly  into two  groups…


— Cargo  Insurance
— Hull Insurance

As stated  earlier,  Marine  Insurance is  closely  linked  up with the  trade  of  a  country internal  as  well  as  international.  A  sale contract  which  is  an  essential  feature in  the trade involves  a  seller  and  a  buyer, apart  from  the  other  parties  like  the  carrier, the  bank,  and the shipping agent.  Whether  the insurance  of  the  goods  in transits  is  to  be  the  responsibility  of  the seller  or  the buyer  depends  on  the type of  the sale contract  in  any  transaction.

There are different  types  of  sales  contracts  the most  important  of  which,  as  affecting  the Marine Insurance are:

-F.O.B. (  Free  on Board)  In this  case, the  seller  is  responsible  for  loss  of  or  damage  to the  goods  until  they  are  placed on board the  steamer  for  on carriage. Thereafter  the  buyer becomes  responsible  and  he  has, therefore, the  option to insure  where  he  likes.

-C.I.F. (Cost,  Insurance  and Freight)  In  this  case  the  seller  assumes  responsibility  for the  insurance  and the  insurance  charges  are  indicated in the  invoice  along  with the  other charges.

-C  &  F  (Cost  and  Freight)  In this  case, normally  the  buyers  responsibility  attaches from  the time the  goods  are placed  on  board  the vessel  and  he has  therefore to  take  care of  the insurance.

-F.O.R. (Free  on Rail)  This  is  same  as  F.O.B. but  it  concerns  mainly  the  internal  trade transactions.

Marine Cargo  Policy: This  policy covers  goods, freight  and  other  interests  against  loss  or  damage  to goods whilst being transported by rail, road, sea and/or air.

Highlights
This  policy  covers  goods, freight  and other  interests  against  loss  or  damage  to goods  whilst  being  transported by  rail, road, sea  and/or  air. Different  policies  are available depending  on  the type of  coverage required  ranging from  an  ALL  RISK  cover  to  a restricted  FIRE  RISK  ONLY  cover.

• This policy is  freely  assignable  and is  basically  an agreed value  policy.

Scope Transportation of  goods  can be  broadly  classified  into three  categories:


1. Inland Transportation:
2. Import
3. Export

The types  of  policies  issued  to  cover these transits  are:

For  Inland Transit:
a. Specific Policy  –  For  covering  specific  single  transit Open Policy.

b. For  covering  transit  of  regular  consignments  over  the  same  route: The policy  can be  taken for  an amount  equivalent  to three  months  despatches  and premium  paid in  advance.

As  each  consignment  is  despatched,  a  declaration  giving  details  of  the  despatch including  GR/RR  No. is  to be  sent  to the  insurer  and the  sum  insured  gets  reduced by  the amount  of  the  declared  despatch. The sum  insured can be  increased any  number  of  times during  the  policy  period  of  one  year;  but  care should  be taken  to  ensure that  ad insured is  available  to cover  the  consignment  to be  despatched.

c. Special  Declaration  Policy  –
equate sum For  covering  inland transit  of  goods  wherein  the  value of  goods  transported during  one  year  exceeds Rs.20 mns. Although the  premium  for  the estimated  annual  turnover  [i.e. the estimated value  of  goods  likely  to be  transported during the  year]  has  to be  paid in  advance,  attractive  discounts  in premium  are  available.

d. Multi-transit  Policy: For  covering  multiple  transits  of  the  same  consignment including  intermediate storage and  processing. For  e.g. covering goods  from  raw  material supplier’s  warehouse  to final  distributor’s  godown  of  final  product.

For  Import/Export:
a. Specific Policy  –  For  covering  specific  import/export  consignment.

b. Open  cover  –  This  policy  which is  issued  for  a  policy  period of  one  year  indicates the  rates, terms  and conditions  agreed upon by  the  insured and insurer  to cover  the consignments  to be  imported or  exported.

A declaration is  to be  made  to the  insurance company  as  and  when  a  consignment is  to  be  sent along  with  the  premium  at the  agreed. The  insurance company will  then  issue a certificate  covering  the declared  consignment.

c. Custom duty cover rate: This  policy  covers  loss  of  custom  duty  paid in  case  goods arrive  in damaged  condition.  This policy  can be  taken  even if  the  overseas  transit  has  been covered by an insurance  company  abroad, but it  has  to be  taken before  the  goods  arrive  in India. Add  on  covers Inland transit  policies  can be  extended to cover  the  following  perils  on pay ment  of additional premium :

i. SRCC  –  Strike,  riot and  civil commotion  (including  terrorist act)

ii. FOB  – Where  the  inland transit  is  required to  be  extended to  cover  the  goods  till they  are  loaded on board  the vessel, this  extension  can  be taken. Export  /Import  policies  can  be  extended to cover  War  and /or  SRCC  perils  on payment  of  an additional  premium. Who can  take  the  policy The  contract  of  sale  would determine  who buys  the  policy.

The  most  common contracts  are:

— FOB (Free on Board)

— C & F (Cost  & Freight)

— CIF (Cost,  Insurance  &  Freight)

In  FOB  AND  C&F  contracts, the  buyer  is  responsible  for  insurance. Whereas  in CIF contracts  the  seller  is  responsible  for  insurance  from  his  own premises  to that  of  the purchaser.

How to  select  the sum  insured: The sum  insured or  value  of  the  policy  would  depend upon the  type  of  contract.

Usually, in addition to the  contract  value  10 to 15%  is  added to take  care  of  incidental  cost.

How to claim:
The  following  steps  should be  taken by  the insured in event  of  a  loss goods insured :

i. Take  immediate  steps  to  minimise  loss or  damage to inform  nearest  office  of  the  insurance  company  or 

ii. Claim  settling  agent  mentioned in the  policy.

In  case  of  damage  to  goods  whilst  on ship or  port, on arrange  for  joint  ship  survey  or port  survey. Lodge  monetary  claim with  carrier  within  stipulated  time  period.

Submit duly assigned  insurance  policy/certificate  along  with  the  original invoice and other  documents  required to substantiate  the  claim  such as:

-Bill of  Lading (B/L)
-AWB/GR
-Packing List
-Copies  of  correspondence  exchanged with carriers.
-Copy  of  notice  served on  carriers  along  with acknowledgment/receipt.
-Shortage/Damage Certificate issued  by  carriers.

Survey  fees: These fees to be  paid to the  surveyor  appointed by  the  insurance  company. will be  reimbursed  along  with  the  claim if  the  claim is  otherwise admissible. Survey  report  submitted  by  Surveyor.

Hope these basic structure of Marine Insurance will help you in buying appropriate policy for your consignment, for further you are welcomed to contact at:


khansworld@rediffmail.com
(Author is an Export Entrepreneur, Journalist, Engineer and Social Activist for Cruelty Against Animals…

Under Performers: How to Get Rid of Business Blue!

image

Business owners who understand the importance of governing under performance at work are confirmed to experience much higher workforce morale and motivation.

The primary move toward this is an better performance management system which can result in happier, more engaged and better performing personnel.

In an effort to institute successful performance management plan, it is crucial for business owners to grasp what under performance is.

Unwanted behaviour that impacts the colleagues, not complying with workplace regulations, procedures or instructions and low work performance as required by the particular role are all examples of under performance on the job. It is equally crucial you recognise the distinction concerning misconduct and under performance as misconduct is a more dangerous behaviour such an assault or theft that may regularly result in instant dismissal.

Also vital to grasp is the reasons why a staff member would perform inadequately. A number of these include employee’s unawareness of what exactly is expected from them in the role, personal variation with his or her colleagues, workplace bullying, disparity between worker’s attributes and the task, insufficient training or individual determination or individual and other problems at home.

Dealing with under performance can be demanding and managing it quickly is vital as numerous employees may not know that they are not delivering to the good enough level. Not having the performance management solution or not using the existing disciplinary mechanism may also effect the willingness of other co-workers who will all too readily fall into the mentality of lowered moral and deliberate under-performance.

No every single under-performance has to be handled using the identical existing and planned process; it could on occasion be carried out by means of constant feedback.

Given that we defined the under performance as well as scrutinised some of the causes and unwanted side effects of poor performance at work, allow us to uncover some of the best tactics to regulate deficient performance. It is obvious that fast performance management is vital for the business and the employees so here are the 5 methods towards better under-performance regulation at work.

1. the concern– it is imperative to effectively and correctly recognise the key drivers of performance and help those recognise weak performing employees.

2. Analyse the challenge – scrutinise the significance and the period of time the challenge existed. Also discover how widespread is the gap connecting expected and the actual performance of the worker. Within this activity, a meeting with an recruit should be held and its reason clearly communicated to the individual.

3. Meeting with the person – this sitting is to mutually focus on what the challenge is, exactly why it is a problem and how this challenge impacts on the overall organisation.

4. Map out a solution- that both parties are satisfied with. This might incorporate prompt, exact and measurable approach leading to the performance improvement.

5. Observe performance – set-up recurring chat at which performance improvement can be observed and added variations developed. These review conferences ought to include a continual feedback.
If all the ways for the performance improvement have been explored, it is possible for an employer to bring to an end the worker’s employment. This is an satisfactory course of action so long as the occurrences creating the termination were not un.

What If You Are An Underperforming Employee in Your Own Organization?

image

— Shabab Khan

This may sound like there will be a long list of how to fire your non-performers in a positive manner. However, there will be nothing of the sort here. Rather this article relates to how you can identify and deal with your worst employee, firing the zero productivity activities and not the employee himself. So the first part says about identifying who is your worst employee.

Not every entrepreneur will have the guts to say that they themselves are the worst performer of the company. Most of the Entrepreneurs give themselves a free pass even when they realize they are non-contributors to the organization. As an entrepreneur, you should first have a critical eye for the self before you start pin pointing others and their ways to work.

Have you ever analyzed about how much is your contribution to the organization, or how much time have you wasted while on work as an entrepreneur. It is in human nature to find faults with others and not judge the self and this is an offensive stupidity for the growth of the organizations.

Identify whether you are the worst performer!

image

It is an entrepreneur’s duty to become an asset for the organization and not a zero productivity leech. If you are doing the following things then you should consider changing before it is too late:

★ Are you avoiding business tasks and doing personal tasks at work?

★ Are you wasting a lot of time on social media?

★ Do you not take any action even if you have analyzed things to the death?

★ Do you stick your head in the sand when it comes about financial metrics?

★ Do you believe in avoiding conflicts even if this means loss in business, your business?

If the answer to all or even any of these questions is a yes, then you are harming the business. And with a yes to the above question, ask yourself yet another question that would you ever employee, or pay a person such as yours? The answer seems but obvious. When you are at work you cannot allow free passes, even if it is for the self, and even when you are the entrepreneur.

Question yourself regularly.
image

When you question yourself regularly, you are able to find your faults better. When you feel that your productivity as an employee to the organization is going low, pose yourself with the following questions:

★ Is this for what you pay yourself?

★ What would a pro do in such a situation?

image

When you act like an ostrich in financial matters ask yourself, is this for what you pay yourself.

Questioning the self always helps you commit to the right track. No, you cannot work for all those hours in the office. It is understandable that you cannot work for each minute in the office. You have to relax for a while; after all, you are not a machine. You have to find ways to keep yourself relaxed that helps you maintain focus on the task you are performing. You need to have little knick-knack breaks that have the potential to keep you all charged up. Make sure, you do not end up only relaxing. You have the right to relax only when you have reached the levels of exhaustion while working. Remember no work means no play.

Summary:
In order to make your organization a profitable one, make sure you are the entrepreneur of real worth for the organization. If you are a zero contributing entrepreneur, you need to fire yourself, and evolve as a whole new entrepreneur, whom your own self would love to hire.

One more thing, do not compare yourself with xyz. And for pete’s sake never fall into the negative barren land, else inferiority complex will turn your well-nurtured cheeks into long dug holes, insomnia will visit your bedroom frequently.

Just be honest with yourself, and keep your sex life intact, no more no less (ROFL).


…shabab khan
(Author is an Export Entrepreneur, Journalist, Engineer and Social Activist Against Animal …

©Copyright 2014-2016. Shabab Khan, Allahabad. No Permission for commercial use of this article, however non-profitable purposes can be a cause to use the content but credit to author should be given.