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. 

Comments

Post a Comment

Popular posts from this blog

Basmati Rice: A Versatile Grain For Every Occasion

Image
If we put in the simplest of words - We Indians are addicted to rice. Big portion or small, some amount of rice is needed in every meal to complete it, and that makes this simple grain staple to many parts of the country. Did you know - Andhra Pradesh is known as the "Rice Bowl of India”?. Many states rely upon it as their wholesome food, and there is no need of other grain at all. The India rice exporters confidently sell all the varieties as they are all in demand worldwide, Basmati being most popular and imported by the nations like Saudi Arabia, Iran, Kuwait, USA, UK.  Out of all the varieties, Basmati has attained top position because it is versatile and can be consumed in many forms. Be it a sweet dish, or the spicy pulao or even the Italian Risotto, all this is made of Basmati Rice.  1. Eat it plain  Known for its fragrance, flavour and fine quality, basmati needs no companion. It can be relished steamed, with a small amount of ghee, sugar or salt and is a divine dish in i
Read more

Which Country is the Biggest Exporter of Rice?

Image
Not many of us know the fact that India is the second largest producer and the largest exporter of rice around the globe. Being the staple food crop of the country, 90% of rice is consumed in India and the remaining is sold off to other countries. The top basmati rice exporters in India are making huge profits due to the finest quality grain being produced every year in bulk quantities, which easily fulfill the requirements within the country and outside. There are more than 20 varieties of rice produced in India, which includes jasmine, mogra, indryani, bomba, but the largest selling remains Basmati Rice, which is popular because of its premium fragrance. The 10 leading states that produce the crop throughout the year due to favorable climatic conditions are West Bengal, Uttar Pradesh, Punjab, Tamil Nadu, Andhra Pradesh, Bihar, Chhattisgarh, Orissa, Assam and Haryana.  Now that you know why rice is one of the major food items in our daily diet, let us deep delve into other factors whi
Read more

Why Is India So Popular For Rice?

Image
India, which is the world's biggest exporter of rice, contributes to 40% of overall supply that happens globally. The favorable climatic conditions - hot and humid, makes it an ideal place for the crop’s production, which is multiplying at a very fast pace annually. We have already touched a record of 21.5 million tonnes of exports in 2021, which is more than the combined capacity of 4 other countries that are also very big in terms of rice export - Pakistan, Thailand, Vietnam, and The United States.  Exporters of rice in India are majorly benefitting from high domestic stock that makes them supply even to poor countries in Asia and Africa without any hindrance.  Did you know India exports rice to more than 150 countries and when we banned exporting in 2007, the global prices of rice got hiked manifold?  It is clear that our nation is unbeatable in this domain.  Now let us discuss what makes our country so prosperous when it comes to production of rice.  Weather conditions, soil av
Read more