In the dynamic landscape of global trade, India’s Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role, contributing approximately 45% to the country’s total exports. However, these enterprises often grapple with significant challenges in logistics and compliance, which can impede their international growth. Altus Exports emerges as a strategic partner, offering cost-effective solutions to streamline these processes, thereby empowering MSMEs to expand their global footprint.

The Significance of MSMEs in India’s Export Economy

MSMEs are the backbone of India’s economy, accounting for about 30% of the Gross Domestic Product (GDP) and employing a substantial portion of the workforce. In the financial year 2022-23, MSME-related products constituted 43.59% of India’s total exports, underscoring their critical role in international trade.

Challenges Faced by MSMEs in Exporting

Despite their significant contributions, MSMEs encounter several hurdles in the export domain:

1. High Logistics Costs: Logistics expenses in India are notably high, comprising about 13-14% of the GDP, compared to the global benchmark of 8%. This disparity places Indian MSMEs at a competitive disadvantage in the international market.
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2. Complex Compliance Procedures: Navigating the intricate web of export regulations and compliance requirements can be daunting for MSMEs, often leading to delays and increased operational costs.
3. Limited Access to Global Markets: Many MSMEs lack the necessary resources and networks to identify and connect with potential international buyers, restricting their market reach.

Altus Exports: A Catalyst for Cost-Effective Exporting

Altus Exports specializes in mitigating these challenges by offering tailored solutions that reduce logistics and compliance costs for MSMEs.

Streamlined Logistics

By leveraging established relationships with a network of logistics providers, Altus Exports negotiates favorable rates and ensures efficient transportation solutions. This approach not only reduces costs but also minimizes transit times, enhancing the competitiveness of MSME products in the global market.

Simplified Compliance Processes

Altus Exports assists MSMEs in navigating the complex compliance landscape by providing expertise in international trade regulations. This support includes ensuring that all necessary documentation and certifications are in place, thereby reducing the risk of delays and penalties.

Market Access and Buyer Identification

With a skilled marketing team and access to comprehensive databases, Altus Exports identifies potential buyers across various international markets. This proactive approach enables MSMEs to expand their reach and tap into new revenue streams.

Partnering with Altus Exports

Altus Exports seeks to form strategic alliances with manufacturers who share a commitment to excellence and global expansion. Ideal partners are those who produce export-quality products, aspire to establish a global presence, and possess the necessary documentation and certifications for seamless export operations.

Benefits of Partnership

• Dedicated Export Team: Altus Exports acts as an extension of your business, managing the complexities of exporting so you can focus on core operations.
• Expertise in Buyer Acquisition: Utilizing deep market insights, Altus Exports connects your products with the right buyers, enhancing sales opportunities.
• Comprehensive Market Intelligence: Access to up-to-date market data ensures that your products are positioned effectively in the global marketplace.

How to Partner with Altus Exports

Manufacturers interested in expanding their international presence can initiate a partnership with Altus Exports by providing details about their company and products through the Manufacturer Partnership page. The team at Altus Exports will then connect with you to explore potential collaboration opportunities.

Conclusion

In an increasingly competitive global market, MSMEs must overcome significant logistics and compliance challenges to succeed in exporting. Altus Exports offers cost-effective solutions to these challenges, enabling Indian manufacturers to efficiently export their products and achieve sustainable growth.