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Fueled by the remarkable transformation and growth, with the advantage of skilled workers, improving infrastructure, cultural compatibility and a favorable regulatory environment — the country has helped make sourcing simpler and cheaper for companies across the world. In fact the rate of exports growth from China to the western world has slowed down for the first time in 15 years. For companies looking to diversify their low cost country sources of supply, India seems to be an obvious choice.
Advantage India India presents to the world a profile of an emerging giant. With the second largest railway network in the world and a vast coastline with established sea ports, the country is turning into a top destination for low cost, high value goods and services. All you require is the experience and insight to ensure that your company can establish and expand India sourcing operations strategically.
With varied and rich industrial experience sourcing companies have been able to carve a niche in the sourcing arena. They can identify the best vendors for product sourcing services, negotiate rates according to your budget, and check the in-process quality and other vital processes to ensure product procurement success.
Their established network has helped to strengthen their activities in most Asian countries especially India. This helps them offer the widest range of products in the shortest span of time.
Are Agencies the Option for Your Business? If you would prefer a company to perform functions such as verified supplier identification, process quality check, etc. You will notice a significant reduction in business risk as well because the agency keeps a regular control over the products and you will hardly ever deal with quality-related complaints.
If you use these services for export purposes, you would benefit with significant time and cost savings as well as avoid travel costs for your business. In the wake of the trade war between the US and China , the detailed sector-wise strategy for import substitution in electronics, telecom, electrical equipment and pharmaceuticals has been recommended. Countries are already working on relocation to India in sectors like electronics , consumer appliances, consumer electronics, textiles , healthcare equipment and heavy Industry.
Luckily enough, India is the leading manufacturer in some of these industries. According to reports, India has drawn up a strategy to gain market access in China for its pharmaceutical products and exports. It also attracted foreign companies looking to shift out their manufacturing bases from China.
It prompted the demand for supply chain resilience and redundancies. The national security priorities of states began to expand with sectors like health care and pharmaceuticals coming under that purview. The pandemic further accelerated the trend of deglobalization with politics and trust becoming imperative to economic decision making.
This scenario has resulted in fresh opportunities for India as it holds good international relationships. Its workforce can perform at a high level consistently at competitive wage rates. The skilled workers based in India have proved to be efficient with their efforts time and again. Therefore check in advance whether the country that you are planning to source from and the applicable duties.
Alliance experts is a global network of business development specialists. We are active in all important economies around the globe and meet many manufacturers and trading companies. With our international team we can relatively easy look for suppliers abroad who can provide you with a unique product features or a lower cost price.
Let our nearest partner contact you! Direct mobile phone number. Company website. What is your role in the company? In how many countries is the company active?
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