List of Major Importers in India: Top Import Companies

India's growing economy is powered by a vast international trade network, with large importers bringing in a wide range of goods worldwide. A list of importers in India are required for business growth or expansion! This data is in high demand and can significantly benefit your company! To make money or grow in today's competitive environment, a company must target the correct customers and markets. That is why Eximpedia, a leading data supplier, launched the Indian Importers List, or list of major importers in India, in many categories. Today, in this blog, we will go into the business world and look at the top import companies or major Importers in India or who is the biggest importer in India that significantly contributes to India's import environment.

Why start an import company?

To obtain access to the global market, businesses may find it helpful to establish an -import company. However, before entering this profession, you must thoroughly understand the India import data.

The first step in establishing an import business is to conduct market research and determine the potential demand for your product or service. It is also critical to understand the practicalities of shipping things internationally and the legal difficulties around importing and exporting.

Once you thoroughly understand the import industry, you can begin to build your business model and marketing strategy. Also, you need an updated list of major importers in India. However, some of the major importers in India are Reliance Industries, Indian Oil, Coal India, ITC, and Tata Motors.

Now, we will briefly explore the major import items in India in the below chart.

Top Importers in India:

List of Major Importers in India: A Comprehensive List

Major importers are companies that play an essential role in defining a country's economic landscape. These enterprises have the means, infrastructure, and strategic ability to import vast commodities from worldwide markets, contributing to the country's economic progress. Let's look at some of the major Importers in India or  India's biggest importers to see their influence and impact on the country's trade dynamics.

1. Oil importers in India

Oil is India's most significant import. India is the world's third biggest importer of oil. According to oil import data, Indian Oil Corporation Limited imported around 67.5 million metric tonnes of crude oil for the fiscal year 2023. When discussing Major Importers of India oil, it is crucial to distinguish between two groups:

• Crude oil importers import unprocessed crude oil from other nations and refine it into useful petroleum products such as petrol, diesel, and petrochemicals. India is the world's second-largest importer of crude oil, following China.

• Petroleum product importers buy previously refined petroleum products such as fuel, diesel, and lubricants. It frequently occurs when domestic refinery capacity cannot fulfill the demand for specific goods.

Major crude oil importers:

• Indian Oil Corporation (IOC)

• Bharat Petroleum Corporation Limited (BPCL)

• Hindustan Petroleum Corporation Limited (HPCL)

• Reliance Industries Limited (RIL)

• Essar Oil Limited

2. Gems and Jewellery Importers in India

Gems and precious metals are the second biggest imports in India. According to jewellery import data, imports in India are more than 2.46 trillion Indian rupees worth of pearls and precious and semi-precious stones in the fiscal year 2023. It increased from the previous year's value of more than 2.3 trillion rupees. The top gold importers in india are:-

Finished Jewellery major Importers in India:

• Tanishq

• Orra

• Tribhovdas Bhimji Zaveri (TBZ)

• Malabar Gold & Diamonds

• Gitanjali Gems Ltd

Loose Gemstone Importers in India: 

• Hari Krishna Exports Pvt Ltd

• KGK Diamonds Ltd

• Mehta Sons International

• Rajesh Exports Pvt Ltd

• Roshan Jewels Industries Pvt Ltd

Rough Gemstone Importers in India:

• Shree Ramkrishna Exports Pvt Ltd

• Mahalaxmi Diamonds Pvt Ltd

• Ashok Diamonds Pvt Ltd

• Bachu Diamonds Pvt Ltd

• Parekh Gems Pvt Ltd

3. Organic chemicals importers in India

Organic chemicals are one of the top imports in India. India's increased demand for specialized chemicals considerably impacts its organic chemical imports. Agrochemicals and medicines are two industries that demand unique, organic compounds with extraordinary properties. According to organic chemical import data, India's imports of organic chemicals fell to 9228.42 million USD in 2023, down from 28975.49 million USD in 2022. The top importers in India are:-

• Public Sectors: Public-sector enterprises such as Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL) import organic chemicals for their refineries and petrochemical units.

• Private Firms: Private firms such as Reliance Industries Limited (RIL) and Essar Oil Limited have extensive import activities. Also Reliance Industries Limited is the biggest importer in India

4. Fertilizers major Importers in India

Fertilizers are also one of the major import items in India. As per fertilizer import data, India imported fertilizers worth over 1.38 trillion Indian rupees in the fiscal year 2022-2023. It constituted manufactured fertilizers rather than crude ones. A linear increase in import value was seen in the financial year 2017. Here is the list of importers in India:

• Minerals and Metals Trading Corporation of India 

• Rashtriya Chemicals & Fertilizers Ltd (RCF)

• Coromandel International 

• Chambal Fertilizers & Chemicals Ltd

• Zuari Agro Chemicals Ltd 

• Deepak Fertilizers and Petrochem Ltd. (DFPL)

• Fertilizer and Chemical Travancore Limited (FACT)

• Agrigold Organics Pvt. Ltd (AOPL)

5. Heavy Machinery major Importers in India

Based on machinery and machinery equipment import data, India imported electrical and non-electrical machinery worth more than 3.65 trillion Indian rupees in the fiscal year 2023. There are two types of machinery and equipment: general purpose and specialty. China is the most prominent computer importer. India imports computers and electronics. The major importers in India are:

• Public sector undertakings (PSUs) include Coal India Limited, the National Highways Authority of India (NHAI), and Indian Railways, which import heavy gear for their projects.

• Private construction companies include Larsen & Toubro (L&T), Afcons Infrastructure, and Shapoorji Pallonji Group, which are significant importers of construction equipment.

• Mining Companies: Mining companies, including Vedanta Resources, Coal India Limited, and Hindustan Zinc Ltd., import mining machinery.

• Equipment Rental Companies: Aggreko and Ramky Infrastructure Services import heavy machinery for rental fleets.

6. Medical Device major Importers in India

The Indian medical equipment sector is expanding, and imports play an important role. According to Medical Equipment Import Data, India's reliance on medical equipment from abroad increased dramatically between November 2022 and October 2023, with imports rising by 21% to Rs 61,262.84 crore. The United States, Germany, and the Netherlands were the biggest suppliers of medical devices, according to Department of Commerce data. The top import companies in India are provided below.

Importing companies in India:

• Dhl Logistics Pvt. Ltd. C O Ceres Footwear: 

• Nipro India Corporation Pvt. Ltd: 

• Smiths Medical India Pvt. Ltd: 

• Johnson & Johnson Medical India Pvt. Ltd: 

• Medtronic India Private Limited:

• Vikas Medical Devices

• Ashwini Sakhari Rugnalya, Amp Research

• Lokmanya Medical Foundation

7. Plastics and plastics articles importers in India

The Indian plastics and plastic items market is dynamic and strongly dependent on imports. It remains one of the most popular imports at the moment. Plastic is also used to manufacture different household items and product packaging. As per plastic and plastic article import data, imports of plastic and related products in India fell to 7261.71 USD million in 2023 from 23122.85 USD million in 2022. However, the major importers in India are provided below:

• Reliance Commercial Ltd. 

• Adani Wilmar Ltd.

• Essel Petrochemicals Ltd.

• Manali Petrochemicals Ltd 

• UFlex Ltd, 

• Huhtamaki PPL Ltd

• Polyplex Corporation Ltd

8. Electronics Importers in India

Over the past ten years, electronic gadgets have grown globally, and Indians have followed suit. Every year, India imports electronics worth billions of dollars. As per Electronics Import Data, India imported electronic devices worth over 6.2 trillion Indian rupees in fiscal year 2023. The goods include computer hardware, consumer electronics, electronic components and instruments, and telecom equipment. The major importers in India are provided below:

Importing companies in India:

• Reliance Commercial Ltd. 

• Powerinst Electromagnets Private Limited

• Vst Tillers Tractors Limited

• Swan Environmental Private Limited

• Miracle Cables India Private Limited

• Adani Wilmar Ltd. 

• Ingram Micro India Ltd

• Samsung India Electronics Ltd. 

• Xiaomi Technology 

• India Pvt Ltd.

• Apple India Pvt Ltd 

9. Iron and steel importers in India

India's iron and steel industry is one of its most important industries. The iron industry is the nodal industry since all other industries (heavy, medium, and light) rely on it for their machinery. According to iron and steel import data, India imported 4.26 MT of completed steel between April and November 2023, and the imports may reach 6 MT in the current fiscal year, owing to robust local demand. However, the top iron and steel importers in India are provided below:

Importing companies in India:

• Steel Authority of India Limited (SAIL)

• Rashtriya Ispat Nigam Limited (RINL)

• Minerals & Metals Trading Corporation of India (MMTC)

• Tata Steel, 

• JSW Steel, 

• ArcelorMittal Nippon Steel India Ltd. (AM/NS India)

• Vedanta Steel Ltd

10. Transport equipment Importers in India

Transport Equipment is the top supplier in India, catering to various needs within the transportation sector. As per transport equipment import data, India imported transport equipment worth about 2.37 trillion Indian rupees in fiscal year 2023. Motor vehicles, ships, airplanes, and other items are imported overseas. These are imported from the United States, Great Britain, Germany, Italy, and Japan. The top Major Importers in India  are:

• Mahindra Logistics Ltd

• Adani Logistics Ltd 

• DHL Logistics Pvt Ltd import

• Tata Motors, 

• Ashok Leyland 

• Volvo Trucks India Pvt Ltd

• Maruti Suzuki India Ltd 

• Hyundai Motor India Ltd 

• Honda Cars India Ltd

So, these are the major import items in India. While major importers play an essential role in promoting economic growth, they face several problems in the fast-paced world of global trade. Fluctuating exchange rates, geopolitical conflicts, and altering trade policies can all impact these organizations' import strategies. If you are looking for statistics on importing companies in India or major importers in India, Eximpedia is the best market research platform to analyze the India trade data effectively. 

Also read: Evolution of Top 10 Global Trade Countries: Look Inside the Trade dynamics

Conclusion:

In the ever-changing world of global trade, major importers in India continue to affect the economy by facilitating the flow of commodities and technologies. As the country continues on its road of growth and development, these essential traders play an important role in ensuring the availability of different products, encouraging innovation, and supporting economic prosperity. 

Keep a watch on these key importers as they manage the difficulties of international commerce and influence India's economic future. Platform like Eximpedia.app is the best import export data providers globally. organizations and people seeking to learn more about the import-export industry. We provide specific information on key players, market trends, HS codes, and regulatory updates, making us a valuable resource for individuals interested in international trade. So, if you have any trade insight queries related to top import companies in India or top importers in India, our data experts are always ready to help you grow your business in the global market. 

Frequently Asked Questions(FAQ's)

1. Who are the major importers of India?

The list of importers in india as of 2022 are:

The major importers of Indian goods as of 2022 are:

• China: China is India's main import supplier, accounting for more than 15% of all imports.

• United Arab Emirates (UAE): accounting for more than 7% of India's imports, after China.

• United States (US): Although India's top export market, the US also accounts for a sizeable portion of its imports (about 5%).

• Switzerland: A vital supplier of refined gold and other precious metals is Switzerland.

• Saudi Arabia: supplies most of India's requirements for crude oil.

• Germany, Singapore, South Korea, Japan, and Iran are more noteworthy import partners.

2. How can I find importer in India?

Globally, the finest import-export data suppliers are platforms such as Eximpedia.app, groups, and individuals interested in expanding their knowledge of the import-export sector. People interested in international trade can greatly benefit from our particular knowledge of market trends, HS codes, importer lists in India, and regulatory changes.

3. Top 10 import companies in India

The differences in corporate structures and import focus make it difficult to pinpoint the "top 10" import companies in India. Nonetheless, a few of the significant importers are as follows:

• Public sector enterprises (PSUs) include the Steel Authority of India Limited, Coal India Limited, and Indian Oil Corporation.

• Big private businesses from a variety of industries, including Vedanta Limited, Tata Group, Adani Group, and Reliance Industries.

• Distributors and trading houses with a focus on particular commodities such as GAIL, STC, and MMTC.

4. Who is India's largest import partner?

As per India import data, China is currently India's biggest import partner, accounting for over 15% of the total imports in 2022.

5. Who is the Biggest importer in India?

The biggest importer in India is China, accounting for more than 15% of total imports in fiscal year 2022, with the United Arab Emirates coming in second at more than 7%. During the same period, India's primary export destination was the United States.

6. Who are the Top importers in India?
As per Indian importers list, the top importers in India are: Industries, Indian Oil, Coal India, ITC, and Tata Motors.