Features of Global Exports

Indian export has reached an enviable status today and is noted for its unique products which have found use in homes the world over. The history of Indian overseas trade was intercepted centuries back with buyers from all over the globe came in search of exotic silk, spices, ornamental jewelry and authentic wood craft, agricultural produce, to list a few.
Today, the trade in these items continues to flourish at greater levels and together with these additional commodities have also found scope for supplies overseas. By and large the new additions are engineering products, automobile accessories, computer peripherals and technical services and other outsourced products.
The major reason for the stupendous growth in the foreign trade is the growing demand for quality material at a competitive cost ratio and Indian products are synonymous for their excellent quality and price factor. With the economic liberalization and the various incentives provided by the Indian government the scene has been set for a spurt in the export trade and this has made it conducive for a number of exporters to lift their business to even greater levels.
Another contributing factor for the increase in demand for Indian products is that every region in the country offers a unique product. Gujarat, for example is well known for its cotton and other derivatives like cotton seed, cotton seed oil and oil cake. Kerala and Tamilnadu are popular for coconut and coconut coir and coir products which are found to be superior compared to coir products found in the rest of the world. Handicrafts and jewelry from India have found acclaim the world over.Indian food products fresh and processed are relished by people the world over and Alphonso mangoes, onion and garlic are the diners’delights even today.
India has been the leading supplier for spices from early times and continues into today for its ethnic products that have a special place in the cuisines of the world. The exodus of Indians going abroad and settling there has complemented to additional export of all Indian products to cater to these NRIs. Of late there has been an all round improvement on the export front with technical tie ups and buy back arrangement with foreign companies who have invested with Indian business houses for a variety of merchandise ranging from dehydrated fruits to high end products like aircraft components.
The diverse nature of the country and the geographical location contributes to various agro products unique to a specific location and the mineral sources found in a specific region. These natural treasures found in the regions were processed and craftsmen indulged in bring about marvelous bronze and brass metal works, gold ornaments inlaid with precious gems, ivory inlaid woodwork.
Processing units and factories sprung up for fruit pulp, syrup and jellies in the vicinity of the orchards. The art of food preservation and packing and development of food grade packing made exports go up a notch.
The major export houses in India have their units accredited with leading global agencies and are members in leading Food Councils, giving greater credibility to Indian products and thereby increased export.

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