MUMBAI, India, Nov. 24 /PRNewswire-FirstCall/ -- More than 13,600 importers, retailers, wholesalers, distributors and other volume buyers attended the first annual China Sourcing Fair events in Mumbai Nov. 14-16, 2008. The Fairs were managed by Pico Event Management, under license from Global Sources (Nasdaq: GSOL).
(Logo: http://www.prnasia.com/sa/200708071747.jpg )
The three-day, co-located events China Sourcing Fair: Electronics & Components and China Sourcing Fair: Hardware & Building Materials featured manufacturers from mainland China, Hong Kong and Taiwan.
Visitors from all over India, as well as nearby countries and regions, attended the Fairs. Representatives from some of India's top buying offices visited the Fairs including Future Group, Reliance Retail, IBM India, Godrej & Boyce, Whirlpool of India, Logitech, Gammon Cooling Towers, Kalpataru Properties, Mahindra Lifespace Developers, Subhiksha Trading Services, Tech Mahindra, CEAT and others.
One participating buyer, Managing Director of Sevya Multimedia Technologies, Srikant Reddy Modugula, said: "I'm really happy to be here. There's so much technology being developed. There are a lot of opportunities especially in new areas like surveillance and in-car entertainment, which is untapped in India. The Fair is very well managed -- that's what's very impressive about it. And it is very well-publicized. I have always been kept in the loop on what's happening, like who was going to be exhibiting."
General Manager of Gowell Telecom Technology (Overseas), Jijun Wang, said: "We've had around 2,000 to 2,500 visitors come to the booth. The Indian market is an emerging market. The huge population guarantees huge demand. India is a big market for Chinese products. I think the Fair is good, and it has opened an opportunity between Chinese vendors and Indian buyers."
"We are delighted with the success of these new events," said Global Sources' Executive Director, Sarah Benecke. "India is an exciting new market with lots of potential for suppliers from Greater China. Trade between mainland China and India grew 56 percent last year, to reach US$38.65 billion. And with both regions projecting bilateral trade to reach US$60 billion by 2010, it's clear that the time is right for the China Sourcing Fairs in India."
The China Sourcing Fairs are scheduled to return to the Bombay Exhibition Centre, Nov. 21-23, 2009. Details are available at http://www.chinasourcingfair.com/india .
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 753,000 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 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.3 million products and more than 196,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.
Suppliers receive more than 43 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,800 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in Asia:
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com
Global Sources Investor Contact in U.S.:
Kirsten Chapman & Timothy Dien
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: tdien@lhai.com
