Indian Importers Chambers Of Commerce And Industry

The huge Indian consumer market — a dreamland for all world economies. Have you ever wondered why?!! Why is every other company enthusiastic about investing in India??!! The reasons are not too complex to fathom…. 1. India happens to be the only subcontinent in the world. 2. India is the largest consumer base for quality products. 3. India has a huge consumer base to launch any product. 4. India is the biggest stable democracy in the world. 5. India has a population of One Billion consumers. There are many importers in India dealing in large variety of product from all over the world and contributing to the growth of economy. The Products imported include: Food stuff (Juices, Toffees, Candies, Biscuits, etc) Jewellery Wine Oils Perfumes Petroleum Industrial Products Chemicals Raw Material etc. Engineering Goods. Healthcare Products FMCG Furniture. Construction Material. Sports Goods Handicrafts After independence the industry took its first step towards introduction phase and Government mainly targeted exports sector of the economy to earn more and more as at that time the balance of trade was negative, and the same increased further. For Exports Promotion, Govt. has instituted many institutions like Advisory Council on Trade set up in 1962, Export Promotion Council for eleven products, FICCI, FIEO, APEDA, IIFT, Commodity Boards, Tea Trading Corporation of India and many others institutions for promotion of Indian commodities world wide. During the decade of 60’s, 70’s and 80’s the importers in different states, at port level, established some forums to safe guards their interest and solve collective problems and grievances. They dissolved because of internal squabbles, personalization of representation not able to solve the problems of members and similar other shortcomings; and their voice never came up to be of any real consequence at the national level.