India Sourcing Report: Gifts & Premiums Shows Manufacturers Expect Export Sales Growth Driven By Revitalized Demand From Western Markets
The Report features profiles of 23 export suppliers with verified production capacity, and details on 178 export products including notebooks and sculptures
- (1888PressRelease) November 23, 2013 - NEW DELHI - The Hinrich Foundation philanthropy (http://www.hinrichfoundation.com) released the India Sourcing Report: Gifts & Premiums (http://www.chinasourcingreports.com/csr/india-gifts-premiums) with the support of its partner in development, Global Sources (NASDAQ: GSOL http://www.globalsources.com).
The Report features profiles of 23 export suppliers with verified manufacturing and production capacity. It also includes descriptions, prices and packaging details for 178 top-selling export products ranging from notebooks to sculptures.
Report survey results show EU and North America key target markets
The survey of India gifts and premiums manufacturers featured in the Report shows:
* 61 percent of makers plan to maintain quotes for the next six months;
* 65 percent expect export sales to increase by up to 10 percent;
* 52 percent will target the EU market, and 13 percent North America, and;
* 26 percent of producers will focus on combining ethnic and modern elements, 22 percent on multifunction designs, and 22 percent on incorporating new components.
Monthly total capacity of featured suppliers is 2.03 million pieces.
"Because of India's large labor pool, companies can easily hire artisans and skilled workers , which is one of the industry key competitive advantages," said Alex Boome, Program Director of the Hinrich Foundation. "A critical challenge facing the sector is the increasing cost of living, particularly in urban areas. This is driving up salaries. To cope, some manufacturers are subcontracting more processes."
One exporter featured in the report, Kamaljeet Singh, owner of Superior India Exports, said: "The India Sourcing Report is a unique and effective channel to promote our company and products. Quality writing and product images in the report reflect true image of our company to buyers."
Sourcing Reports for India, Myanmar, Cambodia, Nepal, the Philippines, Vietnam and Indonesia
The India Sourcing Report: Gifts & Premiums is one of a series of Sourcing Reports covering emerging Asia supply markets . Free previews, and ordering information to purchase online for immediate download, are available at
http://www.chinasourcingreports.com/csr/india-gifts-premiums
Other related Sourcing Reports available online are:
* INDIA: Garments & Textiles, Footwear
* VIETNAM: Gifts & Packaging
* PHILIPPINES: Holiday Decor & Gifts
The next Sourcing Report the Foundation expects to publish is Vietnam Home Furnishings. It will be available to purchase online at http://www.hinrichfoundation.com/developing-country-sourcing-reports.
About the Hinrich Foundation
The Hinrich Foundation (http://www.hinrichfoundation.com) believes sustainable global trade promotes economic prosperity and peace. It aims to encourage the private sector and governments to drive innovation and competitiveness in trade-related activities undertaken by individuals, companies, industries and countries by focusing on three programmatic areas:
* Trade related education & training: We sponsor educational opportunities for individuals who show a commitment to participating in or promoting innovative and competitive global trade. We offer Hinrich Global Trade Leaders Scholarships (http://hinrichfoundation.com/trade-related-education) to students from Myanmar, Cambodia, Vietnam, Laos, India, China and the USA to study in Hong Kong, Thailand, the Philippines, Israel and the US. We give our scholars internships and career development opportunities in export related companies and organizations in ten countries.
* Export led job creation: The Foundation offers practical trade services to promote and coach producers on how to participate in global trade. Through the Developing Country Export Assistance Program (http://hinrichfoundation.com/job-creation), the Hinrich Foundation connects exporters in developing Asia with buyers worldwide.
* International trade policy research: the Hinrich Foundation believes that the health of the global economy and peace between nations depend on countries having productive trade relationships, which require open, fact-based dialogues. We initiate research, elicit opinions and disseminate information about global trade to encourage objective debate and balanced policy making in support of open, free, transparent and fair global trade.
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