Show Review

India's stronger presence as one of Asia's fastest-growing emerging economies has presented profitable opportunities for buyers in the country's hardware and construction industry. The China Sourcing Fair: Hardware & Building Materials further helped buyers realize this as China's skilled suppliers showcased new exhibits at the Bombay Exhibition Centre, Mumbai, India on November 23 to 25, 2011.

The subcontinent has pushed for infrastructure and logistics development, allocating US$1 trillion for the project as part of the government's five-year plan beginning 2012. This move is seen to fuel the demand for hardware and building materials in the country. Thousands of buyers in India and nearby markets took advantage of this as they surveyed the latest China-made building materials, general hardware, flooring, ceiling, roofing materials, wall cladding & coverings, windows & doors, bathroom & kitchen supplies, plumbing, heating & cooling supplies, tools & accessories, industrial safety & law enforcement equipment, lawn & garden accessories, and lighting & electrical fixtures & fittings.

Staging its 4th edition in India's business capital, the Fair continues to attract buyers looking to profit from China's low-cost sourcing advantage. The mainland is among today's preferred LCCs (Low-cost Sourcing Country) with emerging manufacturers behind leading international brands. As India's biggest trade partner, China's exports to India reportedly rose 10.7% in 2009 to 2010 from 7.3% in the previous years, which shows India's growing demand for China-made products. The mainland's strong export growth demonstrates improved manufacturing quality as more suppliers gain ISO accreditation and other international certifications on top of price competitiveness.

More Indian importers are turning to Chinese suppliers for low-cost sourcing and anti-inflation measures, according to a study commissioned by leading trade show organizer Global Sources this year. Respondents were composed of thousands of volume importers and purchasing managers in the consumer electronics and hardware and building materials industries, considered to be among India's booming markets.

"To combat inflation, India's purchasing managers are sourcing products more frequently. They are stocking fewer inventories in their warehouses and on their retail shelves," said Global Sources Developing Markets General Manager Bill Janeri.

"As India's economy continues to expand, Indian consumers have more disposable income to spend. And retail distribution channels in India are better able to supply this demand than ever before, with a wide selection of quality, affordable products," he added.

More than 96% of the respondents said they are stepping up procurement activities, and around 90% expressed satisfaction over China's comprehensive product variety at attractive price points.

Buyers unable to attend the Mumbai Fair or interested in revisiting the event can still access the show online. The China Sourcing Fair advances its sourcing platform with the Online Sourcing Fair for the Hardware & Building Materials Fair. The digital trade show allows buyers to source at their own time and pace while suppliers extend marketing and sales opportunities beyond their booths. Source at the Mumbai Fair online now at www.onlinesourcingfair.com/indiahbm

Profit from India's growing demand for China-made hardware and building materials! Source at the next China Sourcing Fair: Hardware & Building Materials in Mumbai, India on September 20 to 22, 2012.