India is a leading trade partner of UK as well as the European Union. The trade between both parties has grown from €28.6 billion in the year 2003 to over €72.5 billion in ‘14. With just UK, India trades clothing, electronic equipment, machinery and other goods worth over $9.7 billion every year. The subcontinental nation of Asia not only offers a vast range of materials, services and goods for export, but also serves as a lucrative prospect of trade for various businesses.
Thus, if shipping from India is what you’re planning to do, then you need to be aware of certain things in order to make the best use of the opportunity. Here is a brief guide containing everything you need to know:
It is vital to know about critical facts pertinent to the country as they might come in handy when you are doing business with someone from there:
- Official languages of the country are English and Hindi
- GDP is about 7.99 trillion
- Currency used is Indian rupee
- Capital city is New Delhi, and Mumbai is the largest one in terms of area
- Estimated population is 1.3 billion
- Calling code is +91
Transport Options For Importing Goods
Prior to making plans for shipping goods from the UK, it is vital to take into account how you will have the goods moved. Air freight is the best option to consider if you need to have the materials imported within a short period of time. However, if time is not an issue for you, there are plenty of other modes that you can opt for – rail, road and sea. But there are other factors which can play dictating roles, like your estimated budget & volume of imports.
Restricted & Prohibited Materials
You need to have a sound knowledge about what to and what not to import from India into the UK. Both countries have separate procedures and policies when it comes to restricted and prohibited goods, like specific plant & animal species, firearms, etc. However, there are certain circumstances which can enable you to ship some restricted items, though you must have an Import License. For more information, you can refer to this list . Also, here you can find import regulations of Indian customs.
Thus, these are the things that you must be cognizant of when planning to ship goods from India successfully and making profit out of them. In addition to that, you will also need to partner with a reliable international freight forwarding company in UK.