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| Business to business 3 |
By:
CHEN |
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India too has dived into the global sourcing market and is having a great ground in the business to business. Reports on the Indian export and import performance are based on market research teams and yearly analyses about global sourcing. To determine the position of Indian goods and services in the international market, this detailed study is necessary. Export strategies adopted by India to facilitate growth can also be evaluated. During the past few years India has seen a substantial growth rate in its Export-Import business. The FDI has been a major help in garnering the success in international B2B trade. India achieved almost 50 billion dollar mark in retail exports and merchandise in 2002 and 2003 and made handsome profits in the global sourcing market. The EXIM policies have been widened for potential growth rates. Export policies of India are cost-efficient, reliable and apparently transparent involving no major risk factors; this has brought about huge foreign investments. Efforts are to boost up the business to business transactions, so as to facilitate this foreign inflow in the right direction and raising the level of import export performance. According to market surveys, the future of Indian merchandise export market can be evaluated and it gives a fair picture of the size of trade circles in the country. The new trends in the trade policies, its advantages as well as the hardships faced by the export industry are highlighted by these market researches.
Some of the highlighting features of such market surveys are as follows:
Present export strategies are compared with the past policies in B2B negotiation.
Global sourcing opportunities for Indian goods and products are evaluated.
Main mechanisms of the influential export policies are brought into focus.
Competitive price rates at international levels in the B2B market place.
Unexploited potential Indian goods are identified.
Import products and goods from U.S, Europe and other Asian countries are grouped together and analyzed systematically.
Tax rebates and its direct influence on the export profits.
International export credits and grants.
Export and Import targets for products and their particular areas.
Lot of research work and analysis go into making of such reports and maintaining it for the further research in the B2B analysis. Various meetings with exporters and export units are held. Export and import promotional agencies are consulted for a fair and good report about global sourcing. India's performance in the export and import trade is efficiently evaluated on yearly basis. The countries export policies, both new and old are assessed, giving an insight of Indian Foreign Trade market and its strategies. New emerging international export trends are assessed. And many unemployed skilled workers are given work opportunities through such export markets raising their economic standards considerably. Thus, B2B transaction in the global market place has to be taken out with great caution and care and one needs to have a thorough study about the market, import – export rules and regulations before making any deals with the foreign clients. |
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