An Overview Of Indian Rice Export Business

When it comes to rice exportation, India dominates the global market. The reason is simple, we are the largest producer of this rice due to favorable climatic conditions - hot and humid, exactly what the crop needs in abundance to grow. There are hundreds of varieties that are cultivated every year but the best rice exporters in India sell Basmati Rice due to its unique aroma, amazing flavour and long grain that makes it people's favourite food throughout the world. It is undoubtedly the lucrative business, but like other businesses it has to follow certain protocols as per Indian law before supplying any amount of commodity from one nation to another. 

1. Registration of the company 

Rice exporting companies in India are registered under the Trademarks Act, 1999. Be it sole proprietorship or partnership business, registration is must, and once that is done, you can commence with other formalities like opening of a bank account where all the financial transactions can take place. 

2. Trademark Registration 

This is the very important step that restricts duplicacy of your product in the market. The trade name of the company carries reputation and should be protected in all the circumstances. Once you got the company's trademark, you have all the legal rights to sue the other company in case your brand's name is used by them, 

3. IEC Code 

The best rice exporters in India takes all important measures to enable smooth transitions. The Import Export Code is a unique number that every business into global supplies has to mandatorily take from the government. 

4. AD Code 

Also called as Authorized Dealer Code, this number helps in custom clearance. 

5. FSSAI Registration 

Businesses that deal in food have to procure FSSAI license, which indicates that you are offering quality produce only. 

6. MSME Registration 

MSME registration is not mandatory but once you get that done, taking government loans etc. becomes very easy. 

7. ISO Certification 

Increasing credibility of your rice brand is the major advantage that can be reaped by getting your company ISO certified. 

8. GST Registration 

Regardless of the turnover, all companies in India must have GST certification to function properly.

9. APEDA and FIEO Registration 

APEDA is related to agricultural products and FIEO is needed by Indian exporters in foreign market places. Their registration is must. 

Rice exporting companies in India pick the countries very wisely where they want to expand their business as it’s a cumbersome process, but the profits are also huge. 

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