| Private Sourcing Events to Source from Booming India Export Market |
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Costume Jewelry and Kitchenware Sourcing Events Attract Five Buyers with Combined Annual Revenue of US$264 Billion to New Delhi to Meet Quality India Exporters; Participating Buyers Included Casino, Carrefour and Sears
Global Sources (Nasdaq: GSOL) announced that the first India-based Private Sourcing Events ( http://www.PrivateSourcingEvents.com ) were held in New Delhi, Feb. 28-29. Organized by the company’s local representative, the events are part of Global Sources’ further expansion into the India market.
Global Sources’ Chairman and CEO, Merle A. Hinrichs, said: "The Private Sourcing Events, together with the China Sourcing Fairs in Mumbai, Global Sources Online, and Global Sources magazines give buyers the right information about quality Indian suppliers in the right format.
"As India becomes a more attractive supply market, our complete end-to-end sourcing platform, along with our supplier pre-screening tools, should give buyers everything they need to source more efficiently and reduce risk."
Five buyers with annual sales of US$264 billion met Indian suppliers at the Costume Jewelry and Kitchenware Private Sourcing Events. Participating buyers were:
-- Casino -- one of the world’s top 30 retailers in France
-- Carrefour -- the world’s second-largest retailer
-- El Corte Ingles -- Spain’s largest retailer
-- Markant -- one of Europe’s largest trading cooperatives
-- Sears -- the fourth-largest broadline retailer in the US |
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One buyer, Sears Sourcing India Private Ltd’s Merchandiser, Sapna Dawar, said: "Private Sourcing Events are a great help because, even when we meet a supplier for the first time, we know they’ve already been pre-screened and meet our requirements and you get best utilization of time, gathering all the required information from short listed vendors in a stipulated time."
Comprehensive Sourcing Products and Services for the India Market
Private Sourcing Events are a part of Global Sources’ portfolio of brands for sourcing products and services for buyers and suppliers in India. These include:
-- The China Sourcing Fair in Mumbai
( http://www.chinasourcingfair.com ), managed by Pico Event
Management, which connects quality Chinese suppliers and Indian
buyers in the country’s sourcing center
-- The India Sourcing Fair in Hong Kong, which connects international
buyers with Indian suppliers in Asia’s sourcing capital
-- Plus, Global Sources Online ( http://www.globalsources.com ), Global
Sources trade magazines, and research reports covering China and
other key sourcing markets ( http://www.ChinaSourcingReports.com )
World’s Top Buyers Scheduled to Attend Upcoming Private Sourcing Events
Dozens of the world’s top buyers including Bose, Casino, Office Depot and Sears are scheduled to participate in Private Sourcing Events in 2008. A list of upcoming Private Sourcing Events is available at http://www.PrivateSourcingEvents.com .
Suppliers wishing to participate should contact csm@globalsources.com. Buyers may apply by contacting PrivateSourcingEvents@globalsources.com.
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segments facilitate trade from the world to Greater China, and trade within China, using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 657,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 2 million products and more than 170,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 10 specialized trade shows which run 32 times a year across nine cities.
Suppliers receive more than 27 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources’ network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,100 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
HONG KONG, March 19 /Xinhua-PRNewswire-FirstCall/
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