Successful China Sourcing Fairs in Mumbai lead to expansion in 2010
November 26 2009 - 2:00AM
PR Newswire (US)
New events announced: Gifts & Premiums, Home Products, Bathroom
Products and Security Products MUMBAI, India, Nov. 26
/PRNewswire-Asia-FirstCall/ -- Thousands of importers, retailers,
wholesalers, distributors and other volume buyers converged on the
China Sourcing Fairs this past week in Mumbai, November 20- 22,
2009. The Fairs, managed by Pico Event Management under license
from Global Sources (NASDAQ:GSOL), are the largest Greater
China-products events in India. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b ) With
the success of this year's Fairs, the events will expand in 2010.
In addition to the China Sourcing Fairs: Electronics &
Components, Hardware & Building Materials and Auto Parts &
Accessories, next year's Mumbai schedule will include the launch of
China Sourcing Fairs: Security Products, Gifts & Premiums, Home
Products and Bathroom Products. The Fairs are scheduled to be held
again at the Bombay Exhibition Centre, September 8-10, 2010. More
than 12,430 importers from all over India attended the Fairs last
week. Representatives from some of the country's top buying offices
visited the Fairs, including Reliance, Godrej & Boyce
Manufacturing, iBall, Suzuki, eBay India, and Larsen & Toubro,
one of India's largest construction conglomerates. "This is a good
show for finding China-made products," said Rajeev Shah of Korne
Ltd. "We have been to the shows in Hong Kong and China. But it is
very convenient to meet such a wide selection of Chinese
manufacturers here in Mumbai." "We are very pleased with the
turnout at this year's event," said Tommy Wong, President of Global
Sources Exhibitions. "It is clear that Indian buyers are
aggressively looking for new product designs and new suppliers to
stock their shelves -- and they are looking to Greater China
manufacturers for those products." In a recent survey conducted by
Global Sources, India's purchasing professionals indicated they
would be buying more from mainland China. Eighty- seven percent of
respondents plan to increase their purchasing from mainland China
in the coming year; 30 percent of respondents indicated they would
increase the volume of products they import from mainland China by
as much as 20 to 40 percent compared to last year. "The survey
results map closely to India's overall economic development," said
Bill Janeri, General Manager at Global Sources. "As India's economy
grows, there is increased demand for consumer goods. With the
expansion of the new China Sourcing Fairs next year in Mumbai,
China's exporters will be better positioned to deliver a wider
range of products to India's importers." More information about the
China Sourcing Fairs is available at
http://www.chinasourcingfair.com/india . 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 uses English-language media to facilitate trade from
Greater China to the world. The other business segment utilizes
Chinese-language media to enable companies to sell to, and within
Greater China. The company provides sourcing information to volume
buyers and integrated marketing services to suppliers. It helps a
community of over 854,000 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
240 countries. The company offers the most extensive range of media
and export marketing services in the industries it serves. It
delivers information on 4.5 million products and more than 247,000
suppliers annually through 14 online marketplaces, 13 monthly
magazines, over 100 sourcing research reports and 12 specialized
trade shows which run 30 times a year across 10 cities. Suppliers
receive more than 96 million sales leads annually from buyers
through Global Sources Online ( http://www.globalsources.com/ )
alone. Global Sources has been facilitating global trade for 39
years. Global Sources' network covers more than 60 cities
worldwide. In mainland China, Global Sources has about 2,500 team
members in more than 40 locations, and a community of over 1
million registered online users and magazine readers for its
Chinese-language media. Global Sources Press Contact in Asia
Camellia So Tel: +852-2555-5021 Email: Global Sources Press Contact
in U.S. James W.W. Strachan Tel: +1-480-664-8309 Email: Global
Sources Investor Contact in Asia Investor Relations Department Tel:
+852-2555-4777 Email: Global Sources Investor Contact in U.S.
Kirsten Chapman & Timothy Dien Lippert/Heilshorn &
Associates, Inc. Tel: +1-415-433-3777 Email:
http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b
DATASOURCE: Global Sources CONTACT: Press contact in Asia: Camellia
So, +852-2555-5021, ; Press contact in U.S.: James W.W. Strachan of
Global Sources, +1-480-664-8309, ; Investor contact in Asia: IR
Department of Global Sources, +852-2555-4777, ; Investor Contact in
U.S.: Kirsten Chapman & Timothy Dien of Lippert-Heilshorn &
Associates, Inc., +1-415-433-3777, Web site:
http://www.globalsources.com/
http://www.chinasourcingfair.com/india
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