Import Export
Overview In October 2023 India exported $33.5B and imported $63.5B, resulting in a negative trade balance of $29.9B. Between October 2022 and October 2023 the exports of India have increased by $1.95B (6.17%) from $31.6B to $33.5B, while imports increased by $4.44B (7.52%) from $59B to $63.5B.
As Astral Group is involved in various trade and commercial service from power solutions, real estate, consulting Digital marketing we are closely monitoring the needs to market for various industrial and FMCG goods.
We have develop good repo with various commodities client base we have deal with in past 11 Years Agro-Commodity Export:, Textile and Apparel Export: ...Handicrafts and Home Decor: ..Gems and Jewelry Export: ...Leather Goods Export Based on our expertise and wide network we also play a little role in import export of specific goods.
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Imitation Jewellry
According to Allied Market Research, the Indian costume jewelry market was valued at $1.78 billion in 2019. It is estimated to reach $2.12 billion by 2027, registering a CAGR of 7%. India's imitation jewelry market has several well-established companies and small retailers.
India is the foremost exporter of imitation jewelry, accounting for 32.6% of global exports in 2022 in the world market more than 10Bn$ Industry. We at ASTRAL Provide demand base supply of jewelry to our clients in South Korea, Japan, and middle east.
Machine Goods
The machine tools industry in India has been growing t a rapid rate since the past few years. The rapidly developing automotive industry is a major reason behind this boom which happened to come after a stagnant phase witnessed in early 2000. The automotive sector started flourishing with increased investments from global majors across the world who showed interest to outsource manufacturing to India.
For this reason, the demand for machine tools in India increased in the year 2002 and since then has been considerably growing to attract several international brands and companies to India for import of machinery.In fiscal year 2023, India imported machine tools valued close to 354.6 billion Indian rupees.
We as astral play very little role in this ever green market by supplying the machine tools from Japan and other countries based on our clients demand.
Industrial Tools
Let's point out some examples of industrial goods. Raw materials (natural resources, jute, textiles, seeds, wood, minerals, etc.) Essential equipment (machinery, typewriters, computers, automobiles, etc.) Component materials (engines, auto parts, switches, gears, tires, etc.)
We engaged in machinery, manufacturing plants, raw materials, and any other good or component used by industries or firms import based on customers demand.
