A function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. The sale of such goods adds to the producing nation's gross output. If used for trade, exports are exchanged for other products or services. Exports are one of the oldest forms of economic transfer, and occur on a large scale between nations that have fewer restrictions on trade, such as tariffs or subsidies. Exports have played an increasingly important role in India’s economic growth in the last two decades.
An export includes any:
1) Actual shipment of any covered goods or items
2) The electronic or digital transmission of any covered goods, items, or related goods or items
3) Any release or disclosure, including verbal disclosures or visual inspections, of any technology, software or technical data to any foreign national wherever located or
4) Actual use or application of covered technology on behalf of or for the benefit of any foreign entity or person anywhere.
A country’s export may grow due to four factors:
1) Growth of world export
2) Growth of export to relatively faster growing regions
3) Concentration of export in commodities for which demand is growing relatively fast and
4) The country in question may be competing more effectively with other importers.
For the first three factors the export-growth has been experienced even by maintaining a constant market share. However, the fourth factor, if effective, leads to an increase in relative market share. CMS (Constant Market Share) analysis can isolate the contribution of first three factors in the observed change in export between two points in time and the residual effect is designated as the change due to competitiveness.
It is a form of management which is required to bring about coordination and integration of all those involved in an export business. It is thus, concerned with securing export orders and achieving their successful completion in time as per the requirement specified by the foreign buyers. The main objectives of export management (i) secure export orders and (ii) to ensure timely shipment of goods as per prescribed norms of quality and other specifications including terms and conditions agreed to between the export and the importer.
I limited my study to export documentation and export finance at Shasun Pharmaceutical Ltd. Pondicherry unit. The formalities relating to export and explained below.
2.1 INDIAN LEATHER INDUSTRY:
Over the years the Indian Leather Industry has undergone drastic change from being a mere exporter of raw materials in the early 60's and 70's to an exporter of finished, value-added leather products. The main reason behind this good transformation is the several policy initiatives taken by the government of India. Indian proactive government initiatives have yielded quick and improved results. Today the Indian leather industry has attained a prominent place in the Indian export and has made the industry one of the top 10 industries that earns foreign exchange for the country.
Since 1991 as India adopted the globalization and liberalized economic policies, the leather industry has flourished consistently in several ways and has contributed heavily to the Indian exchequer. Investing in Indian Leather Industry is advantageous because the industry is poised to grow further and achieve a major share in the global trading market.
The post liberalization era has opened up a great plethora of opportunities for the Indian Leather Industry. As the global players looking for new sourcing options while in addition to China, India stands to gain a bigger share of the global market. Leading brands from USA and Europe source leather and leather products from India.
India has become the biggest livestock producer in the world, with the capacity of 2 billion square feet of leather production...