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Agriculture performs an important role in economic growth and development. India has become one of the leading exporters of agricultural products. India is among the topmost 15 exporters of agricultural products in the world. India occupies a leading position in world trade in agricultural products. Agricultural products are among the crucial commodities for earning foreign exchange. Agriculture is an important sector of the Indian economy, contributing around 17% of the total GDP and providing employment for more than 60% of the population. Indian agriculture export has seen impressive growth over the past decade.  Despite the logistical challenges caused by the COVID19 pandemic, India's agricultural exports increased by around 20% to US$50.21 billion in 202122 Agriculture export is one of the main sources of income for a country like India where agriculture is done on large scale. India, with a big and numerous agriculture, is among the world’s top producers of cereals, milk, sug...

Agricultural exports remain the backbone of Indian exports and continue to be the backbone for future export growth. The potential for agricultural exports is quite high in India. The cashew nut industry is an agriculture-based industry. Cashew production has been a very important economic activity for several tropical countries, providing a range of food and industrial product. India is a pioneer in the cashew nut business and supplies cashew nuts to the whole world.  The cashew nut industry is a traditional export-oriented industry that helps generate foreign exchange to increase its share of the country's gross domestic product. The global demand for cashews has had a growing trend over the years. India's contribution to the world cashew food supply is very important and reliable. India is the world's largest producer, processor, and exporter of cashew nuts. The export of cashew nuts from India is very large. It spread almost all over the world. This distribution demonst...

If your business consistently ships products by freight, either from your manufacturers or to your customers, you definitely need to know about this very important document called the Bill of Lading (BOL). “The term Lading is derived from the word Loading, which refers to the loading of goods into the ship.” When you are involved in shipping goods across other countries there will be a lot of paperwork involved. While each document involved in the export process has its own importance and purpose, the Bill of Lading is one document that you cannot forget. “A bill of lading is a freight shipping document that summarizes all the information for a particular shipment” The Bill of Lading is often synonymously used as B/L or BOL. It is basically a legal transport document issued by the carrier to the shipper. Basic functions of a Bill of Lading document: 1. Evidence of contract of carriage: The bill of lading is evidence of the contract of carriage; however, it is not the contract of the ...

Exports have occupied an important place in the development process of any national economy.  Spices are one of the most traded agricultural products in the world. As the world's leading producer and exporter of spices, India is a major player in the spice export trade. The spice export business is one of the most prosperous markets in the country. India is considered the world's largest exporter of spices and has a trading history stretching back thousands of years.  During 2020-21, despite the continuance of the COVID-19 pandemic spices export from India endured an upward fashion and has crossed the US$4 billion.  India is the main producer and exporter of spices all over the world. Spices play an important role in the country's agricultural economy. Spices rank fourth among India's agricultural exports in terms of export value. The demand for Indian spices is growing rapidly worldwide. Indian spices are the maximum sought-after globally, given their high-quality arom...