JNPT or Jawaharlal Nehru Port and custom house have become the largest Indian export house to deal in processing of legal goods to several countries. In the past few years of variation, JNPT Export data shows countable growth in exports of products like medicament, and bovine animals’ frozen meat. But, do you know? In the timeline between 2014 to 2016, India’s JNPT has also encountered a decline in the export demand of products at the countable level. Even so that the exports of products like refined copper, spring washer, bolts, nuts, screws (and other steel-based products) declined by 100%.
Hence, the main question stands whether or not these products have recuperated from their highly declined demand in other countries? Let’s check out the most unsuccessful exported products from JNPT. And should you invest in exporting businesses that process such products? SPOILER ALERT: NO.
Cotton Industry and JNPT Export
Here’s a shocking fact: In 2014, JNPT Export data suggests that cotton’s export from India amounted to 594 million USD approximately. Recently in 2019, the Cotton Industry reported exports of cotton amounted to 6.3 billion USD. According to Cybex.in India Export Data, the country has only experienced up to 11% growth in cotton exports. Whereas, competitors like China have already grown cotton exports by 26% and the United States by 15% approximately.
Motorcycles and Mopeds
It is rather shocking that India, a country with much less success when it comes to technology, has been the largest exporter of Motorcycles and Mopeds before 2014. But, by 2016, JNPT Export data shows up to a 22% decline in the export of Motorcycles and mopeds from India to other countries. Even in 2020, the two-wheeler industry in India is facing a persistent decline. Only two companies in India are leading for motorcycles and mopeds exports. These are Bajaj and TVs. They are popularly known for evergreen motorcycle models like Boxer, Star City, Pulsar, Discover, and Apache.
Sports Footwears made of leather
All over the world, the use of leather has encountered a volumized level of criticism from the public as it counts under Animal abuse. This trend has caused India to face a significant decline in exports of sports footwears made using leather and plastic. In India itself, the use of plastic was recently banned because of the pollution and damage of nature’s valuable places like oceans, forests, etc. even though India is the second-largest production hub of footwear. It has been encountering up to a 20% decline in JNPT Exports due to political issues.
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