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Press Releases
Private Sourcing Events Provide New, More Efficient
Channel to Source from Booming India Export Market
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 HONG KONG, March 19, 2008 – 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:
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:
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 . |
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