How to Start Export Import Business in India Step by Step Guide for 2025

India is rapidly becoming a global trade hub with endless opportunities for entrepreneurs. If you've ever dreamed of starting your own export-import business, 2025 might be the perfect time to take that leap. Whether you're eyeing international markets for Indian spices or planning to import innovative tech gadgets, this guide on How To Start Export Import Business In India walks you through all the essential steps you need to know.

Introduction to Export Import Business in India

India’s diverse production base, skilled workforce, and strategic location make it a strong contender in the Global Trade network. The Export-Import Business allows Indian entrepreneurs to tap into international markets while also bringing global innovations into the country

Why You Should Start an Export Import Business

• High-Profit Potential: Access to international markets means better margins.

• Government Support: Numerous schemes and subsidies for exporters.

• Scalability: Start small, scale globally.

• Access to Diverse Products: Meet demand gaps with imported goods.

Step-by-Step Process to Start Export Import Business in India

Step 1: Select the Right Product to Export or Import

Research trends, demand, and margins. Choose products with good export potential like textiles, handicrafts, or spices or import trending electronics, machinery, etc.

Step 2: Register Your Business Legally

Choose the appropriate business structure such as Sole Proprietorship, Partnership, LLP, or Private Limited Company based on your goals and scale. Register your business with the Ministry of Corporate Affairs (MCA) if required. Additionally, obtain a GST registration and a PAN card in your business’s name for legal and tax compliance.

Step 3: Apply for Import Export Code (IEC) via DGFT

The Import Export Code (IEC) is a mandatory 10-digit number issued by the Directorate General of Foreign Trade (DGFT) for anyone wishing to start import or export in India . Apply online through the DGFT portal by submitting your business PAN, address proof, bank details, and a digital signature. No import or export shipment can be legally made without this code. It’s a one-time registration with lifetime validity and is crucial for customs clearance and international financial transactions.

Step 4: Understand Legal & Tax Compliance for B2B Business

To run a successful B2B Import Export Business, it is essential to understand and follow all legal and tax-related regulations. Comply with GST regulations, maintain proper invoices, and file timely returns. Understand customs laws, foreign trade policies, and product-specific regulations. Also, ensure contracts, payment terms, and shipping documents follow international trade standards like Incoterms. Consulting a legal or tax expert is advisable for accurate guidance.

Step 5: Find Buyers or Suppliers Using B2B Platforms

To grow your Import Export Business, it’s crucial to connect with trustworthy buyers or suppliers. Use reputed B2B Platforms like Dial Export Mart, Alibaba, TradeIndia, IndiaMart, and Global Sources to showcase your products and find global trade partners. These platforms allow you to create a company profile, list your products, and directly communicate with potential clients or suppliers. Many platforms also offer verified leads, trade assurance, and digital marketing tools to boost visibility. Building strong relationships and maintaining transparency will help you gain long term, profitable partnerships.

Step 6: Choose a Reliable Logistics & Shipping Partner

Select a freight forwarder who handles documentation, customs clearance, and international shipping efficiently.

Step 7: Start Your First Trade Deal

Negotiate contracts, manage shipping documents (invoice, bill of lading, packing list), and dispatch your first shipment

Documents Required to Start Export Import Business

Here’s a list of must-have documents:

Business Registration Certificate

Official proof that a business is legally registered, confirming its name, address, and nature of operations with local authorities.

PAN Card of Proprietor or Company

• Permanent Account Number issued by the Income Tax Department, used for tax identification and financial transactions for businesses or individuals.

GST Registration Certificate

• Document issued after registering under Goods and Services Tax, allowing a business to collect and remit GST on taxable sales.

Bank Account Details and Cancelled Cheque

• Bank details along with a cancelled cheque confirm account ownership, needed for transactions like payments, refunds, and financial verifications.

IEC Certificate

• Importer Exporter Code issued by DGFT, mandatory for businesses involved in importing or exporting goods and services internationally from India.

How Much Investment is Needed to Start?

1. You can start with a budget of around ₹1–2 lakhs and scale up.

2. Initial costs may vary, but typically include the following:

3. Business Registration & Legal Setup: ₹5,000 to ₹20,000

4. Import Export Code (IEC) Registration: ₹500

5. Website Development & Digital Presence: ₹5,000 to ₹15,000

6. Product Procurement: ₹50,000 to ₹2,00,000 (depending on the type of products)

Top Products to Export from India in 2025

• Handicrafts & Home Decor

• Organic Spices & Tea

• Pharmaceuticals

• Garments & Textiles

• IT Services & Software

• Leather Products

• Eco-Friendly Bags & Accessories

7. Government Schemes and Support for Exporters

1. MEIS (Merchandise Exports from India Scheme)

2. RoDTEP (Remission of Duties and Taxes on Exported Products)

3. SEIS (Service Exports from India Scheme)

4. Export Credit Guarantee Corporation (ECGC)

5. Financial assistance under MSME ministry

6. These programs reduce risk and boost profitability for exporters.

Common Challenges and How to Overcome Them

Regulatory Compliance Issues

1. Challenge: Navigating complex legal and documentation requirements.

2. Solution: Stay updated with DGFT notifications, hire a customs clearing agent, or consult legal experts.

Finding Reliable Buyers/Suppliers

1. Challenge: Risk of fraud or poor-quality partners.

2. Solution: Use verified B2B platforms, request certifications, and start with small trial orders.

Payment and Currency Risks

1. Challenge: Delayed payments or foreign exchange losses.

2. Solution: Use secure payment methods (like LC or PayPal) and consider forex risk management tools.

Logistics and Shipping Delays

1. Challenge: Damaged goods, high shipping costs, or delivery delays.

2. Solution: Partner with trusted logistics providers and use insurance and tracking services.

Cultural and Communication Barriers

1. Challenge: Misunderstandings due to language or cultural differences.

2. Solution: Use clear contracts, translation services, and build relationships through regular communication.

Conclusion – Start Your Global Business Today

1. Starting an export-import business in India can open doors to global markets, new opportunities, and impressive profit margins. With the right product, proper compliance, and strategic networking, you can build a successful international trade venture in 2025. List your business on Dial Export Mart today