An importer is an individual or business entity that brings goods into India from abroad. Many importers in India are engaged in importing goods such as coal, crude oil, electronic goods, etc. In this blog post, we will take a look at the top 10 importers in India.
Let’s take a look at the leading importers in the country from various sectors:
Indian Oil Corporation Limited (IOCL) is an oil and gas company. It is engaged in refining, pipeline transportation, and marketing of petroleum products, along with exploration and production of crude oil and gas.
IOCL is one of the top 10 importers in India. It provides services to a diverse customer base. IOCL has operations in Mauritius, Sri Lanka, UAE, Sweden, USA and the Netherlands. It is owned by GOI and is headquartered in New Delhi, India.
Some of IOCL’s products are high speed diesel, jet fuel, light petroleum gas, gasoline, bitumen, heavy fuel oil, naphtha, lubricants and grease.
Adani Logistics was founded in 2005 as a wholly owned subsidiary of Adani Ports and Special Economic Zone Limited (APSEZL). It is a logistics service provider in India and has presence in all major markets.
Adani Logistics Ltd specializes in handling varied customers across several segments such as retail, industrial, liquids, auto, container, bulk, break-bulk and grain handling.
It is a leading importer that brings goods from overseas into India, by facilitating customs clearance, transportation, warehousing, etc.
Kalyan Jewellers is one of the most popular brands in the jewelry sector. It is one of the leading importers in India. Kalyan Jewellers is a family-owned business that was founded by T.S. Kalyanaraman in 1993.
It has a presence in India and the Middle East through 100s of showrooms. It is known for crafting traditional and elegant wedding jewelry.
Kalyan Jewellers is a major importer of gold and precious stones which it uses for its products.
Jindal South West Steel Limited is one of the leading steel companies in India. To meet its raw material needs, JSW steel ltd. is engaged in importing iron ore and coking coal from various nations such as the USA, Australia and Canada.
By capacity, it is India’s largest steelmaker. JSW Steel is based in Mumbai and is a flagship company of the JSW Group.
It has been in talks with Mongolia for the import of coking coal. Mongolia is an East Asian country that is rich in resources. It could become a competitive supplier for the steel industry in India.
Reliance industries ltd (RIL) is an Indian multinational conglomerate. It is headquartered in Mumbai, Maharashtra. It imports various products such as crude oil, petroleum products and raw materials.
Reliance has signed a 10-year deal with Russia’s Rosneft to import up to 500,000 barrels of crude oil daily. This deal establishes Russia as India’s top crude supplier.
The US gave approval to Reliance to import oil from Venezuela despite sanctions. RIL was the second-largest buyer of Venezuelan crude in India before the sanctions.
Some petroleum products imported by RIL are paraffin wax, petroleum jelly, aviation gas, reformate and MTBE. Other materials imported by RIL are benzene, hexane and mineral turpentine oil.
The Indian multinational company Larsen & Toubro Limited, or L&T for short, is engaged in several sectors like manufacturing, engineering, construction, electricity, industrial technology, heavy industry, information technology, financial services, and the military.
Danish engineers Henning Holck-Larsen and Søren Kristian Toubro established L&T in Bombay in 1938. The headquarters of this company is in Mumbai, Maharashtra.
Among the many goods that Larsen and Toubro (L&T) imports are coach screws, ballasts, and valves. As a worldwide corporation based in India, L&T has operations in more than 50 nations.
Ashok Leyland is a flagship company of the Hinduja Group. It is the second largest manufacturer of commercial vehicles, 4th largest bus manufacturer around the globe, and 19th largest truck manufacturer.
Ashok Leyland Limited exports and imports goods from Japan, UAE, Germany, China and several other nations. It imports parts, raw materials, bumpers and other commodities from overseas.
Hyundai Motor India Limited is a subsidiary of Hyundai Motor Company, South Korea. HMIL is one of the top 10 importers in India, engaged in importing parts and bumpers for automobiles. The trading partners of HMIL are Korea, China, Japan, Germany and Vietnam.
HMIL is also a leading importer of reinforcement front side inner, jigs for weld, bracket side sill front, FRT end master checker, etc. It mainly imports products from the Republic of Korea, and receives consignments at Madras Sea.
Adani Enterprises and Wilmar International formed Adani Wilmar, a 50/50 joint venture, in 1999. It is the top crude palm oil processor in India.
In addition, the company is one of the fastest-growing "food manufacturing consumer goods" enterprises in India and one of the biggest importers of edible oils into the nation. Its major trading partners are Argentina, Spain, Indonesia, Malaysia and Ukraine.
Adani Wilmar owns several popular brands such as Fortune, Jubilee, Aadhar, Golden Chef, and Alife.
Dr. Reddy’s Laboratories is one of the best importers in India. It is a pharmaceutical company that produces over 190 medications, 60 active pharmaceutical ingredients for drug manufacture, critical care, diagnostic kits, etc.
It is a buyer/importer of corticosteroid hormones, their derivatives and structural analogues.
Major trading partners of Dr. Reddy’s Laboratories are the United States, China, Germany, Italy and the United Kingdom.
In this blog post, we discussed the top 10 importers in India: Indian Oil Corporation Limited, Adani Logistics Limited, Kalyan Jewellers India Limited, JSW Steel Limited, Reliance Industries, Reliance Industries, Larson and Toubro, Ashok Leyland, Hyundai Motor India Limited, Adani Wilmar and Dr. Reddy’s Laboratories. All these companies are well-known and their operations are widespread across India.
If you want to become an Importer, it is mandatory that you obtain the Import Export Code (IEC) from the Directorate General of Foreign Trade (DGFT). For assistance in securing IEC successfully, connect with the Registrationwala team.
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