Tuesday 19 August 2014

Knowing import data to establish business in the markets



Import trade in India has seen an extensive growth in the last two decades. India imports many things like food products, machineries, electronic goods, petroleum products, cosmetics, garments etc from many countries of the world. These products are imported via different ports of India. Pertaining to the demand for particular goods in a particular state, the imports may vary from port to port. 
To make high profits in import trade, it is essential for an investor to have a clear and updated data of the import trade. Import data is the consolidation of all import trade transactions by a state/nation with other nations. This data guides the traders to acquire more knowledge about inflow and outflow of goods. 

In India, JNPT also known as Jawaharlal Nehru Port Trust situated at Mumbai Sea is the largest export, import trading port in India. JNPT handles 50% of the India’s export and import shipments. The JNPT Import Data provides track records, market updates, current rate, availability and demand for products and companies in a detailed manner. This enables the investor to make business decisions to keep stock of more goods or to sell them thus ensuring a smooth functioning of trade. Customs data of JNPT include date of shipment, HS codes, Product description, quantity, price, customs duties, taxes etc. Thus, JNPT import data helps the investors to get more business opportunities and also helps them to enter the international markets to achieve their goal of success and earn high profits.

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