Perfect Sourcing - September 2014

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Time to Take a Leap & Grab the Opportunities
The buyers are optimistic and want to increase sourcing suggest the
conversation with most of the buyers in India, however, the concern still remains
the same, is India ready to grab the additional share with the same capacities,
productivity and infrastructure? This question has been asked by the buyers over
time and again. When our team spoke to buyers they shared optimism but with
certain doubts as India still needs to work on many aspects. When we spoke to
exporters, most of the big wigs have good orders and plans for expansion, medium
but niche product driven companies are also satisfied with the scenario except for
the players who have usual range and capacities. For them, the threat of losing
business on grounds of competitiveness still exists.
The good part is that a lot of optimism also prevails with the formation of new
Government as it is sending out positive signals to buyers who now see India as a
more promising and upcoming destination. The PM’s speech on the Independence
promotes ‘MADE IN INDIA’ and this has encouraged the manufacturing sector
and they are eagerly waiting for drastic changes in labour policies.
The point is that the changes and development keep on happening on the
macro level, however, improvement at an individual level is very much required.
Also, players need to analyze each and every aspect about the production and
designing so that the missing links in terms of pricing, delivery and designing can
be fulfilled and the industry would reach new milestones.
In this issue, you will also read about the growing importance of Vietnam as a
manufacturing sector and opinion of exporters on the same. The country is
becoming the next most viable option to China and even Bangladesh with the
Government focusing on new initiatives to boost exports from the country.
Hope you will enjoy reading this issue and will get back with your feedback.