Abhijit has a carpet manufacturing unit in Ludhiana which was established ten years ago. He sells Silk and Woolen fans to several towns in Delhi & North India. Though the business is doing well Abhijit started to feel that he should expand the business by attracting more customers. Abhijit has an opportunity to sell the carpets to Sri Lanka and Maldives. He has also been contacted by a party in Mumbai for sales. Also it has been observed that worldwide demand for carpets is on the rise. Based on his production capacity Abhijit can either take up the Mumbai market or plan for Exports.

a. What factors are to be considered by Abhijit to decide if he wants to go for exports in Sri Lanka and Maldives. (5 Marks)

b. If Abhijit decides to go for Exports what procedure and documents are required. (5 Marks)

Answer each part in 500 words or less