Import Export is a facility which is a new need of an hour with ever increasing demand of Indian goods and services in the overseas market and also with the increasing diplomacy of India with other countries. We have also endeavoured to get into this line of business, which is an important aid to trade. India exports approximately 7500 commodities to about 190 countries and imports around 6000 commodities from 140 countries. India exported US$ 318.2 billion and imported US$ 462.9 billion worth of commodities. As a noted fact, five states- Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana accounted for 70% of India's total exports. It was the first time that survey included international export data for States.
FUTURE PROSPECTS FOR AARYANS
- Aaryans group is optimistic on this sector because it has a business interest in manufacturing of chemicals/Steel/gold refining/ semiconductors/ batteries/ EV/ etc. Entering into this business will be a kind of forward integration for us. The presence of Aaryans Group overseas at the financial hubs like Singapore and London shall give an added advantage to Aaryans group in the business.
- Generally, the funding is a major mitigating factor for the business. However, the group will be employing its own fund in this business, so cost of funds will not be a limitation. Aaryans group is keen on investing an amount of Rs. 500 Cr. in the places - villages of Maharashtra and also in other states where there is low-cost labor available. This would generate employment of around 1800 persons in the next 2 to 3 years to come. We shall have branch offices in various cities of India and abroad for smooth operations.
