What is Global Sourcing for Value Addition of Exports?

In fact, the Chennai office had recently facilitated a catalogue show and video conferencing of Korean machinery and suppliers in Tirupur. A fabric resource centre has also been established at Tirupur. Great competitiveness was evident in sourcing certain machinery and equipment from that part of the world as part of the up gradation and expansion schemes of textile SMEs in India.

Availing the services of PSPs over sourcing visits:

Exporters from Surat and Tirupur took the option of global sourcing using the services of the Korean Trade Authority (Chennai) in 2004. KOTRA also provides free video conferencing facilities with translator support to facilitate sourcing by Indian SMEs.

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Ready-made garment manufacturers in Salem are regularly sourcing accessories from Hong Kong. Foreign embassies in India may therefore facilitate sourcing options. The website of the Export Credit Guarantee Corporation of India (www.indianexportregister.com) offers leads to contact points as also to an agency closely associated with them on credit-rating suppliers and buyers.

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