Sourcing from India: ‘Made in India’ products
Journey with us through the vibrant debut of the UP International Trade Show, an event that was a beacon for trade opportunities. In this inaugural edition, we had the honor of hosting two distinguished personalities: Ashish Jain, Deputy Director General, Federation of Indian Export Organizations, and Vishvaditya Shah, Deputy Director, FIEO.
A Gateway to Global Trade
Ashish Jain discusses the grandeur of the Reverse Buyer-Seller Meet, an event that has garnered significant attention with over 400 international buyers from various countries and more than 500 attendees. The Federation of Indian Export Organization, representing over 35,000 members engaged in export businesses, sees immense potential in the event. Jain expresses admiration for the diverse range of products showcased by the government of Uttar Pradesh and envisions making it an annual affair, with plans to double participation.
Diversity in India's Handicraft Business
Delving into the diversity and scale of India's handicraft business, Vincenzo highlights how the country serves as a common ground for suppliers, ranging from small family-owned enterprises to large corporations. India, known for its strength in various categories such as Apparel, Agri-related products, Engineering products, healthcare, services, and tourism, welcomes buyers seeking both small and large orders. International buyers are advised to focus on quality products, take samples, and explore customization options to meet their specific needs.
Navigating Business Opportunities in India
Ashish Jain and Vishvaditya Shah delve into the future of sourcing and business opportunities in India for international business owners and importers. Emphasizing the significance of virtual interactions and face-to-face meetings, they highlight upcoming events like SX India, a B2B exhibition bringing together manufacturers, suppliers, and overseas buyers. The Federation of Indian Export Organizations offers support to Indian companies participating in international trade shows, with government grants available for overseas businesses looking to engage with Indian suppliers. The speakers encourage international business owners to explore sourcing from India, leveraging the quality and uniqueness that can potentially transform their businesses.
Beyond the vibrancy of the trade show, Ashish Jain underscores the proactive role of the Uttar Pradesh government in supporting international buyers. The government's commitment is evident through initiatives like subsidizing airfare and providing hospitality support to facilitate the participation of overseas buyers. This financial backing not only showcases the government's dedication to promoting global trade but also reinforces India's position as an inviting and supportive destination for international business collaborations.
Harnessing Technology for Global Business Transactions
Acknowledging the evolving landscape of international trade, Ashish Jain and Vishvaditya Shah stress the pivotal role of virtual interactions. They emphasize the importance of leveraging technology, especially in the wake of events like SX India. With the global pandemic influencing how business is conducted, the speakers highlight the effectiveness of virtual platforms in fostering connections, networking, and transactions. The future of sourcing in India, they assert, will be increasingly shaped by the seamless integration of digital tools and face-to-face engagements.
Quality Assurance and Customization
The speakers place a premium on quality assurance in business dealings. They advise international buyers to focus on individuals and businesses that consistently deliver high-quality products. Additionally, the emphasis on customization emerges as a crucial aspect. Jain and Shah encourage overseas buyers to explore customization options based on their specific requirements, underlining the adaptability and versatility of Indian manufacturers and suppliers in meeting diverse needs.
The International Trade show in India and the insights shared by Ashish Jain and Vishvaditya Shah underscore the vast opportunities and potential for global businesses to engage with India's diverse and dynamic market. As India continues to position itself as a key player in international trade, businesses worldwide are encouraged to explore partnerships and collaborations that can be mutually beneficial.