Global Sources to launch Machinery & Industrial Supplies Fair to help domestic buyers and suppliers in India profit from one of the country's fastest-growing sectors
Mumbai, India, May 6, 2011 – Global Sources (NASDAQ: GSOL) (http://www.globalsources.com) and Infocom Network Ltd., which owns and operates Tradeindia.com, are scheduled to jointly host the Global Sources Machinery & Industrial Supplies Fair on Nov. 23-25 at the Bombay Exhibition Centre in Mumbai. Co-located with the China Sourcing Fairs, the event is dedicated to helping domestic suppliers and buyers in India do business in one of the country's fastest growing industries.
President of Global Sources Exhibitions, Tommy Wong, said: "India has earmarked US$1 trillion for infrastructure projects as part of a five-year plan starting in 2012. Additionally, as the country's manufacturing expands, demand for machinery is growing rapidly.
"This represents our entry into India's domestic market. We are pleased to be working with Tradeindia.com, the country's largest online B2B marketplace and one of the country's B2B leaders, to jointly host this event. Our goal is to create opportunities for buyers to meet face-to-face with quality suppliers who can help them profit from this booming sector in one of the world's fastest growing economies."
CEO of Tradeindia.com, Bikky Khosla, said: "This event should create new domestic business opportunities for Indian suppliers, while supporting the growth of the local economy. We are proud to partner with Global Sources, one of the world's largest trade show organizers.
"Both of our companies are focused on connecting high-end buyers with quality suppliers. Our goal is to make this event the premier trade show platform for machinery and industrial product suppliers and buyers in India."
Global Sources Machinery & Industrial Supplies Fair is expected to feature over 200 booths with pavilions for conveyor belts, gear boxes and gear cutting products, engineering goods & equipment, fasteners, machinery, nuts & bolts, pumps & pumping equipment, testing & measuring equipment and valves.
Buyers can find more information and register for free entry at www.misindiafair.co.in.
Tradeindia.com is maintained and promoted by Infocom Network Ltd, a two-decade old entity having started its operations in 1990. In 1996 Tradeindia.com got conceptualized with the advent of internet in India. Since then the portal has created a niche for itself as India's largest B2B marketplace that offers comprehensive business solutions to the global EXIM community through its wide array of online services, directory services and facilitation of trade promotional events. Tradeindia is an ideal forum for buyers and sellers across the globe to interact and conduct business smoothly and effectively.
With a specialisation in acquiring, maintaining quality database and offering relevant online promotions, Tradeindia offers quality results for users who use tradeindia.com to reach out to companies of their interests, whose latest creations are displayed in product catalogues under 1,522 different product categories and sub-categories. As per estimates, the company is contributing over US$ 3.5 billion of business to India's International Trade today. With offerings ranging from catalogue to domain booking, credit reports to call suppliers for free, Tradeindia offers services that makes the potential of finding quality buyers and sellers by users easy and comfortable.