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Trading with India can be a
successful opportunity, but it can also be very
costly if done hastily. When starting out, it is
absolutely imperative that you have a local
representative in India who can properly obtain and
file for all appropriate documentation required by
the Indian government.
Contacting the Indian authorities or
customs officials will be the easiest way to
discover the latest regulations. In the last 12
years, significant political changes have helped
India become one of the world's fastest growing
young economies. Many thousands of products are made
in India and can be imported to Australia.
Competition in infrastructure, power,
transport, infrastructure, petroleum and
telecommunication sectors is of the highest
possibilities. India's economy was liberated back in
1991, so now trade can exist in markets formerly
reserved for the government.
Travel can also be an issue, and may not be
advisable. You can check the current status of
travel conditions at
http://www.smartraveller.gov.au/zw-cgi/view/Advice/India
Here are some useful resources
when choosing to export to India:
Indian Embassy
Shipping/Logistics Contractors
Australian government officials
Australian Trade Commission www.austrade.com.au
The Department of Foreign Affairs and Trade has
developed a publication called 'India: New Economy,
Old Economy' featuring the big, diverse economy that
exists in India, and all of the changes that are
undergoing there. Find out more at
http://www.dfat.gov.au/publications/catalogue/india_outline.html
From Austrade, here are the stats for
Australian trade with India:
Major Australian exports to India
(2007-08):
Gold A$4,022 million
Coal A$2,709 million
Copper ores and concentrates A$1,005 million
Crude petroleum A$177 million
Major Australian imports from
India (2007-08):
Rotating electric plant and parts A$154 million
Pearls and gems A$107 million
Jewellery A$67 million
Made-up textile articles A$53 million
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Free Export INFO Blog |
Information on Trade Destinations - India
