What is an Export House?

What is an Export House?

Export Houses are companies that help in the export of goods and services to other countries. These companies basically help other companies to send their products and services abroad. They are responsible for the shipping, logistics, and other tasks. They act as intermediaries between the international buyers and the domestic market. These companies basically perform all the functions on the behalf of the sellers. They act as middlemen between the seller and the client. In India, export houses play an important role in the economic growth. As they facilitate foreign trade, these houses work with a variety of industries....

Functions of Export House

1. Drafting Documentation: Export Houses are responsible for drafting the documentation. By doing so, they establish strong communication between the international and the domestic market. They are responsible for drafting documents related to quality control, invoices, terms and conditions, Shipping and Freight Documents, etc. By doing so, they help the businesses to be conducted smoothly....

Advantages of Export House

1. Penetration: Export Houses can penetrate the market easily. They can identify those products which can affect the market in many ways. As they conduct a thorough market analysis, they can identify the trend of the market. This helps them to collaborate with those companies that can compete in the international market....

Disadvantages of Export Houses

1. Levying Charges: Since Export Houses are responsible for packaging and shipment, they levy extra charges on the products. Some houses levy taxes as well. Therefore the market price of the product increases, and customers have to bear this extra cost. Sometimes Export Houses levy extra charges on fragile items as well....

How to start an Export House?

Since Export House is a company that helps to establish communication between the International and the domestic market, it has many roles. The steps to start an export house are as follows,...

Difference between Export House and Trading House

Basis Export House Trading House Characteristics Export Houses are responsible for exporting goods and services. Trading Houses are responsible both for the import, and export of goods and services. Scope They act as intermediaries and help to promote products of the domestic market at the international level. They deal with a broader range of products. Operations Deals only with the export part. Deals with both imports and exports. Task They are responsible for promotion, packaging, and documentation. They are responsible for end-to-end services, including finance, market analysis, etc....

Frequently Asked Questions (FAQs)

1. Mention some schemes provided by the Government of India for export houses....