India and Australia’s trade relationship is one of the most stable and friendly in decades, and at present the relationship is at its peak than ever. Indian exports to Australia have increased and have been supported by numerous high level meetings and interactions on trade and trade flows between the two countries. These efforts have boosted Indian exports to Australia. The two countries share a historical bond and value and demand products made in their respective countries.
Textiles and clothing:
In 2001, 25% of India’s total exports to Australia were in the textiles, clothing and make-up sector. It is estimated to be around $ 204.5 million this year. India has always been a land of fabrics, and there is a wide variety of beautiful fabrics produced in the country.
Textiles are intrinsically linked to India and the demand for Indian textiles is huge across the world. As Australians have an exquisite taste for Indian fabrics, one can specialize and grow as an exporter in this sector. You can start manufacturing and exporting on a small scale with knowledge in fabric and clothing design, and once the market is captured, you can start to expand.
Jewelry and precious stones:
Jewelry has always been recognized as the hallmark of Indian culture. India has a wide range of precious stones and gemstones, the availability of which is limited but which are in demand in the international market. Therefore, with a deep analysis of knowledge of this market, you can make a nice profit. Scarcity and demand form the backbone of this trade. Jewelry is also something India exports to Australia.
Australia is a good market for exporting jewelry and precious stones. The most demanded items in the Australian market are rare and unique gemstones, gold, stones and intricately designed silver jewelry. This business is increasingly in demand, and with a good initial investment in the business, it will be a great business to negotiate.
In Indian exports to Australia, the agricultural products sector accounted for 11% in 2001. Tobacco exports increased from A $ 2.5 million in 2000 to A $ 4.2 million in 2001, and Spice exports grew to A $ 5.8 million in 2001 to nearly A $ 5 million in 2000. The export of food products from India to Australia is a very profitable business. Indian tea is renowned around the world and the demand for Indian tea in Australia is huge and unprecedented, especially with the variety of tea found in India.
It can generate huge income. Indian spices are another product that has great potential and is profitable for export to Australia. Wholesale buying is profitable because the price in India is much lower than the Australian market. These products can be sold in the Australian market at much higher prices.
Leather goods for fashion and sportswear:
Indian exports of leather goods, travel goods and leather footwear to Australia increased to A $ 56 million in 2001, from A $ 55 million in 2000. Leather is one of the most lucrative businesses. Indian leather products are in great demand in the Australian market. Leather shoes, sandals and other footwear are in great demand.
The same goes for travel luggage bags as well as leather handbags and accessories made in India. The fashion leather products from Indian sellers are very good for export. Likewise, leather sports products are in great demand in Australia, a country with a passion for sports. This business also requires that you go through proper legal process.
India offers the cheapest computer and software services in the world, and Australia is an important country to take advantage of these services. One can start his software business with few employees, and with suitable channels in Australia, various support and other services can be provided to customers in Australia.
There are many opportunities to develop this business and export it to the international market with proper training and knowledge. At the same time, competition in this profession is intensifying. It offers new opportunities over time. Australian businesses primarily require critical technologies such as website development and design skills. Tapping into this sector will be beneficial in the long run.
Creative and artist products:
Indian art and indigenous products have a rich heritage and have always been recognized as one of the most unique and authentic in the world. The arts and crafts of India have always attracted people from all over the world over time. Australia is one of the top destinations with authentic, creative Indian products in high demand.
Providing a platform for creative talent through exporting is the right thing to do. A large number of business customers in Australia can help create business products in the country. Products ranging from gift items to home decor items are exported from India to Australia at high prices. It is one of the most profitable businesses for Australian Indians.
Indian exports to Australia have increased dramatically over the years, but opportunities for further development still exist. The governments of both countries are redoubling their efforts to develop Indian exports to Australia so that it reaches its optimum potential. It is a golden opportunity for the trade and export of products to the mainland island. These products are excellent, rewarding and profitable for export to Australia.
Disclaimer: No Asian Age reporter was involved in the creation of this content. The group also declines all responsibility for this content.