How to Start a Profitable Wheat Export Business from India

In India, the most important cereal crop is wheat with a total annual production area of 29.8 hectares. Its production has increased a lot, 30.5 million hectares of wheat was harvested by the end of April 2020. Production of wheat is estimated at a record 107.2 million metric tons, up 3 percent from the records of 2019-20.

The Government of India has taken several initiatives so that the Wheat Production industries can flourish and develop on the national and international market. The Government dismantled the APMC (Agricultural Produce Market Committee) and some continued to give Minimum Support Price to help the industry.

Therefore, as this industry plays an important role in the food sector, legal entities can step into this export market and give good competition to the foreign market as well.

How to Become a Wheat exporter

To become an exporter, you need to register a company first. It would be beneficial for you from many perspectives like obtaining Govt. benefits, applying for export operation by obtaining an IEC Code and APEDA License, and many more.

Now, let us discuss what are the benefits of having an IEC and APEDA License. 

Advantages of applying for APEDA License & IEC Code

1. Business expansion
2. Easily processed
3. Lifetime Validity
4. No requirement of filing for returns.
5. Exemption of the Customs Duties
6. Endless opportunities in the Foreign market

Get an IEC Code & APEDA License Online

You can go to the DGFT for the registration process and it takes about 7 days or more than that to get everything properly completed. There is both online and offline document submission where you need to provide the details and then you will be issued with IEC.

The best thing you can do is applying online for easy processing of your IEC, from the country's own business solution portal Online Legal India and get assistance from the import-export experts. Already being trusted by more than 1,20,000 consumers from every corner of the nation, the experts know how to solve the issues without any hassle.
 

So, how team Online Legal India can help you in the Wheat Exporting Business? Let us know in the comment section below.