In this ever-challenging scenario, overseas buyers are seeing India as a sourcing destination.
Focusing on how India should position itself as a key supplier of home, lifestyle, fashion, furniture and textiles products, a webinar ‘Sourcing India – the Awakened Tiger’ was held during 49th edition of IHGF-Delhi virtual fair.
The webinar was organised jointly by Buying Agents Association and Export Promotion Council for Handicrafts (EPCH).
Shantmanu, Development Commissioner (Handicrafts); Sudhir Garg, Joint Secretary, MSME; Ajay Kumar Srivastava, Addl. DGFT; Manoj Kumar Mohapatra Minister (Commerce), Embassy of India, Washington DC; Manjish Grover, Consul, CGI Vancouver, Canada; Alberto Gustavo Porcel, President, India Argentina Friendship Society; David Moons, President, GFH Enterprises Inc., US; Tamra Bryant, Sr. Vice President Product & Merchandising Creative Co-op, US; Tim Oaks, Vice President Sourcing & Asia Organization; George Messing, MD, Fink, GMBH & Co. Germany; Ravi K. Passi, Chairman – EPCH; Neeraj Khanna, President, IHGF-Delhi Fair; Vishal Dhingra, Chairman, BAA; Rakesh Kumar, DG EPCH and RK Verma, ED, EPCH were part of this discussion.
It was highlighted by experts that the ongoing COVID-19 pandemic is driving the world economy to retreat from global economic integration. Policymakers and business leaders are now questioning whether global supply chains have been stretched too far.
In an environment where alliances are uncertain and international cooperation is sub-optimal, countries are thinking whether they should reduce their economic interdependence. The world economy is at a critical inflection point in history where fears of dependence on others are growing.
Participants also shared their experience about working with Indian exporters and problems being faced by them so that exporting community make themselves ready and improve upon the same to present India as a major sourcing hub in near future.
