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India: An emerging sourcing destination for global buyers
by Stef Calimlim (Content Editor)
Photo from Unsplash.com
Asia's rising sourcing hot spot
Steadily growing as a main global economic hub and the preferred sourcing destination among international buyers, India offers the best value-for-money solutions you won’t find anywhere else.
Situated in a region of unprecedented potential for growth in transoceanic commerce, the country is considered as one of the world’s fastest-growing economy, with a growth rate predicted to reach 10.1% in 2022.
As an emerging economic powerhouse for various markets such as handicrafts, textiles, agricultural goods, packaging and leather, here’s what makes India one of today’s most sought-after sourcing hub.
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The perfect sourcing partner
Unique but modern, with a rich cultural heritage
The kaleidoscopic culture makes it a melting pot of creative talents who bring a variety of unique and innovative industry solutions.
Buyer-oriented & accommodating suppliers
Hospitality and respect are embedded in India’s culture. These characteristics carry over in the workplace, with suppliers being as accommodating as they can, even if it means doing extra work upfront.
Globally competitive workforce
With English as the country’s second official language, communication barriers will not be an issue. India is also well-positioned to provide highly skilled workforce adept in industry trends and technologies.
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India Sourcing 101
Different cultures influence businesses in different ways. Here are industry insider tips to help you easily navigate India’s diverse sourcing landscape and successfully work with Indian suppliers.
Buy samples before placing an order
Consistency of product quality and features is crucial to keep a competitive edge in the market. Always buy not just one, but at least 50 samples before ordering to ensure each order is worth the investment.
Be on the lookout for suppliers who overcommit
Spend time on research, and ask as many detailed questions as possible, especially when suppliers say that all is possible. Ask how they can fulfill specific buyer requirements and provide alternative options in unforeseen circumstances.
Recommended Products
Discover a unique selection of high-growth products from India verified suppliers.
Watch the video to see how to source from India on Global Sources Website
Global Sources is a trusted, internationally recognized B2B sourcing platform that has been driving global trade for more than 50 years. The company connects authentic buyers and verified suppliers worldwide with tailored solutions and trusted market intelligence through trade shows, digital platforms and magazines.
Visit our website to source the right product for your market and contact verified suppliers:
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