India Sourcing Report: Garments survey shows 83 percent of exporters expect sales growth next year
Manufacturers focus on product functionality, better fit and performance; Most use locally available fabrics to keep quotes competitive
Online, December 15, 2009 (Newswire.com) - DELHI, Dec. 16, 2009 - The non-profit Kearny Alliance (http://www.kearnyalliance.org) has released the India Sourcing Report: Garments (http://www.chinasourcingreports.com/csr/india-garments) with the support of its partner in development Global Sources (http://www.globalsources.com), to give global buyers access to verified suppliers in India. Most makers expect sales growth in 2010.
The report includes profiles of 18 manufacturers, plus descriptions, prices and packaging details for over 100 top selling export products. These include casual wear, evening and cocktail dresses, polo and T-shirts, blouses, suits, pants, jeans, skirts, undergarments, and baby and children's clothes.
"India-made garments appeal to global buyers due to their competitive prices and the ability of makers to produce designs that meet current fashion trends," said Alexander Boome, program director of The Kearny Alliance. "India has a long tradition of garments production and has abundant raw materials. This enables suppliers to offer competitive products and suggests why more buyers are turning to India for quality garments."
One supplier in the report, Amit Agarwal, director of LM Sagar Exports, said: "Until we worked with the Kearny Alliance, we had not focused on clear unique selling points in our marketing practices.
"This new understanding, together with the free 4-month marketing exposure via Global Sources Online, can really make us become more professional in export communication, help attract new buyers and generate new orders."
Survey results show makers optimistic about export prospects; most plan to hold or reduce quotes
The survey of garments manufacturers featured in the report shows:
* 83 percent of makers are optimistic sales will increase in the next 12 months;
* 60 percent will target the E.U. market;
* 83 percent will focus on designs with better fit and performance; and,
* 61 percent expect to hold export quotes, while 22 percent plan to reduce prices.
More sourcing opportunities for global buyers; more exports for developing economies
"The Sourcing Report is an important component of the Kearny Alliance's Developing Country Export Assistance Program," Boome said. "Additionally, each supplier featured in the Report has a website on Global Sources Online.
"Together, the report and the website help qualified suppliers reach buyers worldwide - and give buyers access to quality suppliers. Orders generated provide jobs for workers, enable them to support their families and improve their livelihood: That to us is Aid through Trade in action."
The India Sourcing Report: Garments is one of a series of Developing Country Sourcing Reports. Free previews and ordering information to purchase online for immediate download is available at http://www.chinasourcingreports.com/csr/india-garments.
Other Developing Country Sourcing Reports available are:
* Vietnam reports: Garments, Home Decor, Fashion Accessories, Lawn & Garden, Lacquer ware, Indoor & Outdoor Furniture
* Philippines reports: Home & Garden Decor, Fashion Jewelry, Christmas Decorations, Indoor & Outdoor Furniture
* Indonesia reports: Indoor & Outdoor Furniture, Footwear
* India reports: Glass & Metal Tableware, Fashion Accessories
* Southeast Asia report: Indoor & Outdoor Furniture
About The Kearny Alliance
The Kearny Alliance (http://www.kearnyalliance.org), a nonprofit 501 (c) (3) foundation based in Scottsdale, Arizona, partners with other international organizations to further its mission of 'Aid through Trade', to advance international development and poverty alleviation through trade-related business education, training and applied research.
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 38 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.
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Tags: India Garment, India Sourcing Report Garment, Kearny Alliance