Export Market

in Indore
OPPORTUNITIES FOR HDFC BANK
  Key facts and Figures

 Service, Manufacturing, Agricultural, Confectionary, and

Table of Content Clothing Exports from Indore

 Requirement of the Customers

 Market Cap of HDFC as compared to other major players

 HDFC Bank as a partner

 Challenges for HDFC

 Requirement of the Customers

 1. India’s manufacturing exports have traditionally grown between 5% and
10% pre–Covid-19 years, but exports have seen tremendous growth over the
last two years, with a compound annual growth rate (CAGR) of 15%. India has
reached $418 billion in manufacturing exports in the fiscal year 2022 (FY22).
2. Chemicals, pharmaceuticals, electronics, automotive, industrial machinery,
and textiles (among others) are expected to propel manufacturing exports to

Key Facts and reach $1 trillion by FY28.

3. India’s export of services reached an all-time high of $273.57 billion as of

Figures. November last year — that’s 17.03 % more than the value of services
exported in all 12 months of 2021, despite the looming threat of a global
recession.

India Eyes at 1 trillion dollars of 4. Rising at an annual average growth rate of 6.9 %.

export by 2028 5. According to marketing intelligence firm International Data Corporation’s

Worldwide Semi-annual Services Tracker, India’s IT and business services
market will grow at a compound annual growth rate (CAGR) of 8.3 % between
2021 and 2026.
6. In 2011, the telecom sector exported $38.55 billion worth of services, but
by 2021, the value was $92.3 billion, recording an annual average growth rate
of about 9.2 %.
7. The non-IT/non-BPO telecom sector also grew fast. In 2011, this sector
exported $47.11 billion worth of services, which by 2021 had reached $82.03
billion. That’s an average annual growth rate of around 5.7 %.
8. Transportation services have increased from $17.70 billion to $29.34 billion
in the same 10-year span, which is an average annual growth rate of 5.18 %.
 1. In the financial year 2021-22, exports from IT/ITES
firms of Indore stood at Rs 1,761 crore, up by 52%
from the last fiscal, according to the official data from
the Development Commissioner SEZ.
Service Exports
2. The major service exports from Indore include
from Indore software development and maintenance, call center
services, engineering and design services, and
Opportunity Size financial services.

3. The United States is the largest Indore’s service

exports market, followed by the United Kingdom and
Singapore.
Manufacturing
Exports from 1. In the financial year 2021-22 that ended in March,
industries operating from SEZ exported goods worth
Indore Rs 12,857 crore, higher by 7.6%, according to data
from the industry department

2. The jump in exports is majorly led by the

pharmaceutical, packaging films, engineering goods,
and woven bags segment.
Agricultural
Exports from
Indore
Confectionary
Exports from
Indore
Clothing Exports
from Indore
 1. Expertise and knowledge

2. Customized Solutions

Requirement of 3. Quality and reliability

the customers 4. Cost-effectiveness

5. Communication and Collaboration

HDFC is expecting to grow at
double digits and India’s service
growth will be a key factor in the
growth. For this it is necessary
to cater individual firms need
and build long term relationships
with these big firms and as well
as the new coming services
exporting companies
 1. Regulatory Compliance

2. Currency Risk

Challenges for 3. Logistics

HDFC 4. Competitions

5. Cultural Differences
While partnering with HDFC
Bank can offer several benefits
to consulting and R&D
companies with their exports,
there are also several
challenges that these companies
may face.
 1. Financial Services

Requirement of 2. Regulatory Compliance

the customers 3. Technology and digital solutions

with the bank 4. International reach

5. Customer Service and support

Customers who partner with
HDFC Bank for their exports
may have some specific
requirements from the bank.
 1. Build long-term relationships with firms.

2. Ease of process of allocating funds so it is easier

for firms to set up businesses and fund their
operations

Way Forward 3. Special Schemes for major firms

4. Should focus on both import and export, currency

To catch the customers, the flow will cater to the bank only
following are my personal
insights and opinions 5. Should stay ahead of competition from other big
banks with competitive rates, schemes, etc.

6. Long-term growth is not only by having a huge set

of customer base but by having a huge set of
customer firms.