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Hello friends! Here, I will explain the complete process of exporting spices. If you want to export spices, first, you need to establish a company, then open a bank account, obtain GST registration, apply for an IEC code, and get an RCMC from the Spices Board. Since spices are a food product, you will also need FSSAI registration. If you are exporting for the first time, you will need to register for an AD code as well.
Next comes product selection. Spices are a broad segment, so you will need to choose a specific product. The good thing is that you can export all types of spices together, but you need to focus on one product. In spices, you can export turmeric, red chili, cumin seeds, coriander seeds, and more. You can even export all of them together, but selecting one primary product is important.
Every year, India exports spices worth ₹30,000 crore to the world. Compared to global production, 75% of spices are produced in India, and Indian spices are exported to over 180 countries.
Here are 10 countries where you can earn good profits by exporting spices:
1. United States of America
2. United Arab Emirates
3. United Kingdom
4. Germany
5. Netherlands
6. Saudi Arabia
7. Malaysia
8. China
9. Vietnam
10. Canada
You can achieve good profits by exporting spices to these countries. For more detailed information, watch the complete video. Thank you!
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