How to start an import export business in India?

Import-export is lucrative if managed carefully. Steps:1. Business Registration - Register as Pvt Ltd, LLP, or proprietorship. - Obtain Import Export Code (IEC) from DGFT. 2. Product Selection - Identify products with demand in foreign/domestic markets (textiles, handicrafts, food items). 3. Compliance - Learn customs regulations, duties, and documentation. - GST registration required. 4. Logistics & Partners - Tie up with freight forwarders, shipping lines, and customs brokers. 5. Marketing & Sales - Use B2B platforms like IndiaMART, TradeIndia, and international expos. - Build relationships with importers/exporters for bulk orders.