India has emerged as a premier destination for product sourcing and companies worldwide are choosing to import from India. Previously, India’s world image and reputation was hindered due to its more complex trading regulations, under-developed infrastructure and corruption was unchallenged. India has now invested in infrastructure allowing the easier transportation of goods, policies to eliminate corruption and new laws to further simplify the export process.

India’s principal strength is its cost effectiveness. The labor costs have remained consistently low and the trend appears set to continue for the foreseeable future with the cost of living among the cheapest in the world. Since 2006, the volume of India’s export has more than tripled with 15% of top export Industries being Plastic, Electronics and metal. The U.S. Council on Competitiveness survey ranked India ahead of Taiwan, Brazil, Thailand and Mexico in Manufacturing Competitiveness. Considering the rising costs in other countries, sourcing from India seems favorable.

India presents to the world a profile of an emerging giant. As the seventh largest country in area and second most populous country in the world, the country’s sheer size and economic weight explains the level of attention from overseas buyers. With the second largest railway network in the world and a vast coastline with established sea ports, the country is turning into a top destination for low cost, high value goods and services

With varied and rich industrial experience sourcing companies like iPRO have been able to carve a niche in the sourcing arena. We can identify the best vendors for product sourcing services, negotiate rates according to your budget, and check the in-process quality and other vital processes to ensure product procurement success. India now presents an exceptionally global sourcing option and for companies looking to diversify their low cost country sources of supply, India seems to be an obvious choice