Imports to India have grown at a rate of about 7% in recent years with the major import being crude petroleum at 32%. Gold is the next highest commodity at about 9% while coal and refined petroleum, at about 3%, are also significant imports.
Growth in India is expected to come from the world leading biotech industry, growing at 37% annually, the fastest growing telecom market in the world and an ambitious infrastructure building project. India is also expected to be the world’s largest vehicle manufacturer by 2020.
Exporting to India? Contact our local experts
Export finance is a revolving facility which alternative financiers offer - it enables firms to purchase products and can help reduce the pressure from cashflow issues.
Typically, an export finance bank will fund most of the cost of the receivables, including charges (e.g. VAT charges).
If you're a firm importing or exporting stock supplies outside of your own country, then a trade finance facility would allow you to fund this through offering a LC (letter of credit) or some form of cash advance.
If you’re looking to export to India, contact our specialists in trade finance to see how we can help you grow your business internationally.
If you are looking to export inventory to other international markets, you may need export finance, which is an agreement between yourself (the exporter), and the foreign importer. A non-bank lender will advance you the cost of producing the stock that you are exporting (as a debt product), either once you have sent the goods, or before manufacturing them. Once the importer has received the inventory and pays you for the import, you will repay the advance loan from the export bank over an agreed period.
Read the TFG Exporters Guide here.
Importing from India? Contact our local experts