What is the Full Form of PMFME? PMFME stands for Pradhan Mantri Formalisation of Micro Food Processing Enterprises. The scheme targets the unorganised micro food processing sector in India, which comprises around 25 lakh units and contributes nearly 74% of employment in the food processing industry. Objectives of the PMFME Scheme The PMFME Scheme has several key objectives: To formalise unorganised food processing units. To enhance competitiveness and promote "Vocal for Lo

BRICS—Brazil, Russia, India, China, and South Africa—is the hot topic now. Once brushed aside as a casual alliance of emerging economies, it is now stepping up as a real geopolitical force, especially after Donald Trump’s unplanned, aggressive, and provocative decision to impose steep tariffs on BRICS countries.

Cross-border negotiations are a vital skill for anyone in the export-import business. Whether you're dealing with global buyers, negotiating payment terms, or closing supplier contracts, the ability to navigate international negotiations can make or break your profit margins and business reputation. In today’s global trade landscape, successful export-import negotiations require more than just a good product. Exporters must understand cultural dynamics, pricing strategies, tr

India–UK Free Trade Agreement: A New Era of Trade India’s recent signing of the Free Trade Agreement (FTA) with the United Kingdom marks...

India’s global trade footprint is expanding rapidly, creating new opportunities for individuals eager to enter the world of exports....

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Learn everything about export insurance in India—types, coverage, and must-know tips for first-time exporters. Protect your goods and payments with the right insurance strategy for global trade success.

Merchant Trade: Why It Offers Huge Global Opportunities and Where You Can Succeed

Country of Origin in Merchant Trade Merchanting trade opens exciting opportunities — buying goods from one country and selling to another without goods physically entering your own country (like India). But for many new merchant traders, a common and tricky question arises: Can I hide the supplier’s name or the country of origin on shipping documents like the Certificate of Origin (COO)? The answer isn't as simple as a yes or no. Let’s dive deep into the real-world practices,

Merchant trade has emerged as a dynamic tool in the world of international trade, especially for countries like India, where businesses are increasingly acting as intermediaries between global buyers and sellers. However, understanding the complete lifecycle, documentation, risk mitigation, and regulatory compliance is crucial to success. In this blog, we walk through the merchanting trade lifecycle , essential documentation , risk management strategies , and banking and regu

The import and export sector is a cornerstone of global trade, contributing significantly to economies worldwide. For MBA students specialising in International Business, this field offers diverse career opportunities that leverage your knowledge of global markets, finance, logistics, and trade policies. This guide provides a detailed roadmap to building a rewarding career in import and export, with actionable insights, industry-specific advice, and SEO-friendly tips to help

How Can Free Trade Agreements Benefit Your Export Business? Free Trade Agreements (FTAs) have revolutionised global trade, allowing businesses to access new markets, reduce costs, and gain a competitive edge. Whether you're an exporter, importer, or business owner, understanding how FTAs work can help you maximise benefits while avoiding pitfalls. Discover how Free Trade Agreements (FTAs) can transform your export business. Learn to leverage FTA benefits and navigate challeng

Understanding the Impact of Trade Policies on Global Economies In a world shaped by shifting supply chains, rising economic nationalism, and climate-linked trade frameworks, trade policies are no longer just regulatory tools—they are instruments of strategic governance. These policies determine who trades, under what terms, and at what cost. For businesses, they influence competitiveness. For governments, they shape growth and global influence. And for consumers, they affect

In today’s interconnected world, digital platforms have revolutionised global trade, providing unprecedented opportunities for...

There are several export businesses that women can successfully start, especially with the increasing emphasis on women's empowerment and...

Edible oils, especially palm oil, are essential raw materials not only for the food industry but also for various fast-moving consumer goods

Magic spice, or should I say nature’s medicine? In India, turmeric—our beloved Haldi —finds its way into everything, from milk to every dish we cook. We can’t deny its countless benefits, and let’s be honest, we simply can’t resist adding it everywhere! Turmeric: India’s Golden Spice Boosting Global Trade India exports more than $2 million worth of turmeric, India’s Golden Spice, with Bangladesh, the UAE, and the USA among its top importers, which is boosting Global Trade ann

Being the most populous country in the world, India is currently facing challenges in ensuring an adequate food supply for its vast...

If you're an importer bringing goods into the country. Once the goods are on their way, you’ll deal with financial arrangements to pay your suppliers. Let’s dive into how this works under FEDAI Rule 3. Interest on Import Bills When you import goods and the payment is made through a letter of credit (LC), the interest charged on the bills will be the same as the commercial interest rate that banks charge on their domestic loans. The Reserve Bank of India (RBI) also has rules

Imagine you're an exporter, shipping goods overseas. After shipping, you need financial support until you get paid by your buyer. This is...