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India Sourcing

India Sourcing – Simplify Procurement from India

India has emerged as a premier destination for product sourcing and companies worldwide are choosing to import from India. 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.

The slight erosion in China’s competitive position and questions about the country’s future has led businesses to rethink their sourcing strategy. In fact the rate of exports growth from China to the western world has slowed down for the first time in 15 years. The re-evaluation of the Chinese currency over the last 4-5 years vis-à-vis the US currency and imposition of anti dumping taxes on several products for which Europe and US are trying to protect themselves against Chinese imports has not helped much either. 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. As the seventh largest country in area and second most populous country in the world, the country’s sheer size (with low labor costs), economic weight, stable political system explains the level of attention from potential investors and corporate buyers. Apart from IT services, India’s vast manufacturing base includes chemical and pharmaceutical products; textile, leather and clothing; machine tools and electrical equipment. 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.

Top Reasons Why Companies Are Choosing India:

  • Continuous cost reduction opportunities
  • Alternative source to rising costs in other countries
  • Use sourcing in India as a platform to launch business in the country

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. a procurement company or agency is the right choice. 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.

Achieving procurement excellence in India requires the deployment of western style procurement practices, which are adapted to the local context and culture. What your business needs is a strong and integrated team of experienced professionals in the West and in India so your import from India needs are met effortlessly.

What These Companies Do 

  • Source potential vendors and negotiate pricing
  • Monitor sampling and facilitate product approval
  • Process export orders and ensure quality from sampling to shipment
  • Communicate and coordinate all sourcing activities

Innovative, High-Standard Products to Support Your Business

Although the advantages are many, there are a few barriers which hinder companies from sourcing in India. These include delivery lead times which are perceived as the major barrier for nearly 28% companies that are not sourcing in India currently. This is a reflection of the poor image which India’s infrastructure still suffers from in the West, raising fears in the buyer’s minds about the difficulties that they will face when trying to get products out of India. The belief that India lacks suppliers that have the technical capability and/or competitive cost structure that would allow them to become qualified suppliers to Western companies also keeps them away. However, there procurement companies have successfully offset these risks and helped companies overcome barriers while sourcing from India.

They always keep your compliance requirements in mind and help you reap real value through sourcing India services. Over the years, they have helped businesses of all sizes take advantage of product sourcing from India. Every client receives utmost focus and they strive to help the customer leverage the benefits of India sourcing. They believe that product knowledge and high quality standard are key in maintaining customer loyalty and ensure that these are maintained with a network of best suppliers in India.