US Manufacturers Gain Strategic Advantage Through Indian Industrial Sourcing via rivexa
This press release outlines the role of rivexa’s B2B e-marketplace platform in connecting US manufacturers to India’s custom manufacturing sector. It cites key industry data showing a growing US preference for Indian manufacturing, India’s manufacturing capabilities from metal fabrication to injection molding, positioning rivexa as a digital sourcing hub for US manufacturers.
- Akron, OH (1888PressRelease) February 12, 2025 - B2B global sourcing emarketplace rivexa, by mjunction Services Limited (a Tata Steel and Steel Authority of India Limited joint venture), offers US manufacturers direct access to India’s industrial manufacturing sector at a critical time when companies are actively diversifying their supply chains.
Recent survey data reveals that 61% of executive-level US managers would prioritize India over China if both countries could manufacture the same materials, with 56% preferring India for their supply chain needs in the next five years (CNBC).
Boston Consulting Group’s analysis provides data that supports this trend, showing that the average landed cost of Indian-made goods imported into the US is 15% lower than domestic manufacturing costs (The Economic Times). More recently, newly introduced U.S. tariffs on China and China's subsequent countermeasures set the foundation for further disruption (CNN World).
This transition is particularly notable in the industrial goods sector, where India’s engineering exports to North America have grown by 8.3%, now accounting for 31% of the country’s total engineering exports (Electronics Era). India’s expertise in precision injection molding has contributed to this growth.
India’s manufacturing capabilities span several key industrial segments. The country is the second-largest global producer of castings (IBEF), with strong injection molding capabilities that saw 936 export shipments (March 2023-February 2024) (Volza). India ranks ninth globally in machine tool manufacturing, projected to reach USD 2.5 billion by 2028 (Gujarat Government, Establishment of Machine Tools Manufacturing Unit Report 2024).
US manufacturers can now leverage these capabilities through rivexa’s digital sourcing platform. Other value-added services include quality assurance, product customization, and logistics support.
rivexa's emarketplace helps US manufacturers hone India’s growing custom manufacturing at a time when India’s industrial production output exceeded expectations with a 5.2% increase in November 2024 (Trading Economics). Government initiatives like the Production Linked Incentive (PLI) scheme support this growth, which has attracted over $17 billion in investments since 2020 (Reuters), strengthening India’s position as a prime sourcing destination for US businesses.
Visit us: https://www.rivexa.com/industrial-goods
For media interviews with
Anupam Bhatt (Vertical Head)
Email: anupam.bhatt ( @ ) rivexa dot com
Ph. +1 315 203 1458
For sales and marketing-related queries, please email at marketing ( @ ) rivexa dot com
About rivexa:
rivexa, a B2B export marketplace by mjunction Services Limited – a joint venture between Tata Steel and the Steel Authority of India Limited (SAIL) – connects international buyers with Indian manufacturers of industrial goods, building on mjunction’s 24-year history in digital trade.
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