Cross Border E-Commerce in India – An Overview
The Indian E-commerce industry has been on an upward growth trajectory and is expected to surpass the US to become the second largest E-commerce market in the world by 2034. The E-commerce market is expected to reach US$ 200 billion by 2026 from US$ 38.5 billion in 2017.
India’s e-commerce market has the potential to grow than four folds to US$ 150 billion by 2022 supported by rising incomes and surge in internet users. With growing internet penetration, internet users in India are expected to increase from 445.96 million in 2017 to 829 million by 2021. As of December 2018, internet subscribers in India stood at 604.21 million people.
Each month, India is adding approximately 10 million daily active internet users to the internet community supporting the ecommerce industry which is the highest rate in the world. E-commerce is increasingly attracting customers from Tier 2 and 3 cities, where people have limited access to brands but have high aspirations. Average online retail spending in India was US$ 224 per user in 2017.
Amazon is biggest E-commerce platform in India. Many Chinese E-commerce sellers are very interested in Indian market. We aim to provide full range of service for those Chinese e-commerce sellers and attract them to expand the market in India.
Problems Faced by Foreign Sellers
-Foreign Companies not allowed to engage in online retail business in India
-Foreign Companies need to collaborate with Indian Companies to open the Store
-Foreign Companies cannot collect money directly from Sales in India
-Foreign Companies feel Indian Taxes & Compliance very complicated
-Many products need various kinds of certifications such as BIS, WPC, CDSCO, TTC, PQCS, FSSAI etc.
India’s FDI Policy for E-Commerce
-B2B E-Commerce – 100% FDI permitted through Automatic Route
-E-Commerce Marketplace – 100% FDI permitted through Automatic Route
-Single Brand E-Commerce Trade – 100% FDI Permitted through Automatic Route
-Multi Brand E-Commerce Trade – Not Permitted
How to setup Amazon India FBA Account
-We will provide you with Local Indian Entity with GST, Bank Account, Import Export License, Sim Card
-We will help you onboard Amazon India using our Local Indian Entity
-We will assist you in choosing the right Tax Rates for your products
-We will deal with all kinds of Taxation and Compliance issues in India
-We will provide local bank account for money collection from Amazon
-We will provide you with your account statement and send back the money to China as per your Export Invoice
How long does it take to setup Amazon India FBA Account?
-You can on-board yourself within 3 working Days.
Why Yindu Business Consulting?
- We have rich & professional experience in helping the foreign companies selling online in India
-The Foreign Company just need to focus on their Sales, they need not worry about the complex taxation and compliance, we will handle it all
-We will provide you with online report where you can see the flow of your money
-We can also assist you to cooperate with Qualified Logistics Partners
-We can also assist you with your Brand Trademark Registration and Product Certifications such as BIS, WPC, CDSCO, TTC, PQCS, FSSAI etc.