Here are the steps involved: Go to the DGFT website at https://www.dgft.gov.in/ and click on “Apply for IEC.” Fill in your business details, including business name, bank account, PAN, and contact details, in Part A and submit. You will receive a registration code on the phone number or email you provided.
Full Answer
Can we do business with Alibaba in India?
By using Alibaba.com's international marketplace to sell your products and export from India, you will be able to reach buyers actively sourcing products from around the world easily.
Is Alibaba a franchise?
An essential component of all Ali Baba Franchises is the people. Putting people first is the cornerstone of our business. Whether they are customers, employees or suppliers, Ali Baba Franchisees are committed to going that extra mile toward overall business success.
How do I start a business with Alibaba?
How to dropship with AlibabaBegin your search for products. Buying from Alibaba and using the directory is fairly straightforward and similar to other marketplaces like eBay. ... Examine the product listing pages. ... Contact suppliers. ... Request a quote. ... Negotiate your terms. ... Consider your options.
How can I contact Alibaba in India?
For selling on Alibaba.comIndia Supplier Hotline/Customer Service: 022 4233 5233 (Monday to Friday only)Mumbai. +91-22-6695 5233. Premises No. ... Ahmedabad. +91 9825075334. 106, Sahajanand Complex,Opp. ... Delhi. +91 9910022893. C-91 – 92, 2nd Floor, Sector 2,Noida 201 301 India.Chennai. +91 98 41 405800.
Can you make money from Alibaba?
It's possible to make money with Alibaba.com. Thousands of people make money from this B2B marketplace daily. Alibaba.com has thousands of suppliers, millions of products, and many buyers. Thus, making it a great place to do business.
Is Baba more profitable than Amazon?
BABA is the top e-commerce platform in China by profit, while Amazon is #1 in the U.S. by revenue as well as profit.
Can I create my own brand on Alibaba?
Become a private label manufacturer and find buyers on Alibaba.com. As a seller, offering a private label service can help you increase your profits as an international manufacturer. Another service means opening yourself up to a new market filled with buyers looking for a reputable and reliable factory.
What percentage does Alibaba take?
What does Alibaba charge for Trade Assurance? The transaction fee of Trade Assurance for sellers is 3% of the total order amount (excluding tax). There is no fee for buyers.
Do I need a license to buy from Alibaba?
No, you don't need a business license to buy anything from any Alibaba seller. As a matter of fact, you don't even need to own a business for you to buy items on this marketplace. On the same note, a business license is not required to import Alibaba products to the US.
Is Alibaba registered in India?
Alibaba.com India E-commerce Private Limited is a Private incorporated on 20 April 2010. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 50,000,000 and its paid up capital is Rs.
Are there Indian sellers on Alibaba?
Alibaba.com hosts thousands of Indian manufacturers. Most of them can supply you with their original goods or support your outsourced production process.
Where is Alibaba located in India?
Location and Overview: Alibaba Group (Branch Office) in Bandra Kurla Complex-bandra East, Mumbai is a top player in the category Online Shopping Websites in the Mumbai.
What type of company is Alibaba?
Alibaba is China's — and by some measures, the world's — biggest online commerce company. Its three main sites — Taobao, Tmall and Alibaba.com — have hundreds of millions of users, and host millions of merchants and businesses. Alibaba handles more business than any other e-commerce company.
Who is Alibaba owned by?
Jack Ma, co-founder of Alibaba, is no longer the company's largest shareholder, having retired from the company in 2019. Joseph Tsai, Ma's co-founder at Alibaba, is the second-largest shareholder behind SoftBank. Jack Ma, Goldman Sachs, and Primecap round out the top five shareholders.
Which is bigger Alibaba or Amazon?
Analysts expect Amazon to generate more than three times as much revenue as Alibaba this year, and its market cap of $1.7 trillion dwarfs Alibaba's market cap of approximately $333 billion.
What business model is Alibaba?
The idea behind the creation of the Alibaba business model was to rewrite the way e-commerce was made. They created a platform where small and medium-sized Chinese companies could sell their products and services globally in a simplified model.
What Is An Export License, and Why Do Sellers Need It?
- Generally, countries regulate imports and exports as a matter of national and economic security. They consider it important to keep a firm eye on what goods enter their territory and the products allowed to leave the country. When it concerns exports, countries enforce this regulation by requiring intending exporters to obtain an export license. Sometimes they may also make obtain…
Classification of Export Goods
- Since the IEC specifies the goods you’re authorized to export, it’s essential to ask: are there any goods you’re not allowed to ship out of India? In general terms, India’s Foreign Trade Policy states that all goods may be freely exported. But, like most countries, India limits or bars individuals and private businesses from shipping certain goods. These goods were specified as Negative List it…
Application Process and Required Documentation
- Applying for an IEC in India requires applying to the Director-General of Foreign Trade. The entire process can be concluded online, making it relatively convenient for business owners. However, before launching into the application process, there are a few matters you should attend to first. These include: 1. Setting up a business structure. Only ...
Standard Procedure Followed After Application
- After your application, the DGFT and allied agencies will consider your request and determine whether to issue an IEC. The DGFT will pre-screen your application for compliance with stated requirements. If there are no problems, they will forward your application within three days to the ministry or department that has oversight on your chosen export products. If there are anomalie…
Additional Information
- Depending on the nature of your chosen export products, the ministries or departments considering your application can request extra documentation. These requirements vary from application to application, but they might relate to your capacity to handle the export item, where you intend to source from, or further local permits. It’s also worth noting that your IEC may be su…
Get Started on Alibaba.com
- Obtaining an IEC gives you the legal platform to export goods from India, which is why it’s an important step to take. But your export business isn’t on solid footing until you find a reliable way to find and engage with international buyers who want your products. Alibaba.com provides the perfect platform where international sellers can meet buyers and sell globallyon the world’s larg…