The pharmaceutical industry faces some unique challenges in today’s interconnected world. With stresses like inflation, aggressive competition, increasingly global health crises, and geopolitical tensions, the need for a resilient and efficient supply chain has never been more critical. Advanced technologies can help businesses vastly improve their state of pharma exim operations. Let’s unpack this today...
The recently signed India-UK FTA (Free Trade Agreement) is being hailed as a historic moment for both countries, but what does it mean for Indian businesses that export to and import from the UK? How do you ensure that your company leverages the eased regulations to your maximum advantage? Let’s break it down, focusing on...
International trade has evolved over the years into an interplay of complex supply chains spanning continents. Adding to the complexity are ever-changing trade regulations, geopolitical tensions, and security concerns. Together, they create an increasingly intricate licensing environment. Effective export license management is the cornerstone of compliant international business operations. Companies with well-defined processes and a...
Artificial intelligence (AI) is poised to transform many fields and operations, one of them being cross-border trade. Today, AI and ML technologies are streamlining operations, increasing transparency, and improving decision-making in Exim operations. Across industries and geographies, AI applications are helping businesses reduce delays, cut costs, navigate complex compliance requirements, and optimize supply chains. In...
India’s cross-border trade operations are worth hundreds of billions of dollars annually. As per official figures from the Ministry of Commerce and Industry, between April and December 2024, India’s exports were valued at $603 Billion, and imports at about $684 Billion. To streamline and monitor the considerable flow of trade transactions, the Reserve Bank of...
Ask the CFO of any company engaged in cross-border trade what keeps them up at night, and chances are, they’ll mention the inherent risks that global trade involves. International trade operations have to bear the brunt of market and currency fluctuations, geopolitical issues and crises, and overall uncertainty in the international trade partner. To add...
The Harmonized System of Nomenclature (HSN) is the backbone of international trade classification. Globally, these codes categorize goods uniquely to ease their movement across borders. For Indian companies, eight-digit HSN codes are vital in Exim documentation and tax compliance. Getting these codes right is not just critical but also a strategic practice for optimizing costs...
Delayed or poorly planned shipments of export or import goods can significantly impact the financial health and operational efficiency of companies engaged in international trade. Below is an analysis of the key consequences a business head must watch for, drawing from global trade data and our experience in the field. The financial impact of delayed...
An analysis of the Union Budget 2025, which lays out the roadmap for 10x export growth for Viksit Bharat 2047 Executive summary With a clear line of sight towards Viksit Bharat (Developed India) by 2047, the Union Budget 2025 called out, for the first time, exports as the fourth engine of the economy. Of the...
The Export Promotion Capital Goods (EPCG) Scheme is an initiative of the Indian government’s Department of Commerce facilitating the import of capital goods to produce goods and services that will enhance India’s export competitiveness. It allows the duty-free import of capital goods and raw materials for producing export goods. This comes with certain export obligations...