A business story

Recently I met an old friend.

He is an exporter, exports textiles to the United States.

This business has been going on for many years.

Getting two or three orders a month.

The friend will always be seen as stress.

He is always screaming at home and in the office.

I could never see the smile on his face.

I have never seen him remain silent.

But when I met him that day, he seemed calm.

Spoke with a smile.

This gave me a surprise.

I tried to find out the reason for his happiness.

We talked in detail about family and business.

After a while I understood the reason.

His brother-in-law owns a spinning mill.

The friend bought the yarn needed for export from his mill.

Bought bulk quantity of yarn and kept them in his warehouse.

Agree to pay for that yarn a little bit on a monthly basis.

The friend has also given a little bit of money as per the contract.

In the meantime, the price of yarn has risen sharply.

The friend made a good profit in the business by buying yarn at the old price.

The American importer is a very tough businessman.

He also has experience in making ready-made garments.

The importer will bargain hard every time a new order placed.

The American importer keeps up to date with news related to the readymade garment industry in various countries.

Sometimes he would surprise my friend by telling him at what price the yarn was being sold in Tirupur.

My friend who trades with this importer for a very low profit.

But the importer will not delay in cash.

That is why the business between the two has been going on for a long time.

Now the Indian rupee has depreciated due to the Ukraine-Russia war.

This fall in the value of the rupee is a jackpot for exporters.

The importer who is very tough every time a new order is placed, fails to notice the appreciation of the US dollar.

Realizing that this was the right moment, my friend continued to make deals for seven orders.

Both the rise in yarn prices and the fall in the Indian rupee have doubled his profits.

This is the reason why my friend is happy.

Export Business Consultant
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