HONG KONG, Feb. 25 /PRNewswire-Asia-FirstCall/ -- Five international buyers are scheduled to meet pre-screened Indian suppliers at two Private Sourcing Events ( http://www.PrivateSourcingEvents.com ) in New Delhi. The events for Kitchen & Tabletop Accessories, and Crafts, Gifts & Packaging are being held today and tomorrow, respectively, by Global Sources' (Nasdaq: GSOL) ( http://www.globalsources.com ) sales representative for India.
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Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Though China continues to be the world's number one sourcing destination, India offers some unique advantages to buyers aside from lower prices.
"While high volume production is China's forte, India's suppliers are able to produce handcrafted items in small quantities. This is particularly important today as buyers look to place smaller orders in response to slowing consumer demand.
"To diversify their sourcing options, many buyers are turning to India and other emerging countries. The further expansion of Private Sourcing Events this year to India, Vietnam and other alternative sourcing locations helps them do this."
Representing US$37.8 billion in annual sales, buyers scheduled to participate in the Kitchen & Tabletop Accessories, and Crafts, Gifts & Packaging events are:
-- Atico -- the largest sourcing and product development company in the
U.S.
-- Dollar General -- the largest discount chain in the U.S. based on store
locations
-- El Corte Ingles -- Spain's largest retailer
-- Newell Rubbermaid -- a global marketer of consumer and commercial
products
-- Test Rite -- one of Taiwan's largest trading companies
One participating buyer, Product Manager of Test Rite India, Sanjiv Kumar, said: "As we expand our India sourcing program, we're working with a lot of suppliers for the first time. So, it's important for us to find new, quality suppliers for a whole range of products.
"Private Sourcing Events help us find quality suppliers with products that deliver the right mix of quality and value our customers expect."
One participating supplier, Senior Merchandiser of Rajan Overseas, Shaheer Ahmad, said: "India-made products are moving up the value chain and this is bringing more top buyers to the region. Private Sourcing Events put us on the fast track to meet these buyers. And this type of face-to-face format is ideal for negotiations. We're extremely happy to have been selected to participate."
Hinrichs concluded: "Through our online, face-to-face and print channels, we strive to give buyers the best range of options so they can make the best possible sourcing decisions."
World's top buyers scheduled to attend upcoming Private Sourcing Events
Over 100 Private Sourcing Events are planned for 2009, with dozens of buyers including Carrefour, Auchan, Metro and Lowe's scheduled to participate. All Private Sourcing Events are complimentary for buyers and only Global Sources suppliers are eligible to participate. More information about Private Sourcing Events is available at http://www.PrivateSourcingEvents.com .
Suppliers wishing to participate should contact csm@globalsources.com.
Specialized Global Sources websites, face-to-face events and trade magazines
Private Sourcing Events are part of the company's portfolio of brands for sourcing and product information services, which include Global Sources Online ( http://www.globalsources.com ), China Sourcing Fairs ( http://www.chinasourcingfair.com ) and Global Sources monthly magazines.
For more information about Global Sources' products and services to connect quality buyers and quality suppliers, visit http://corporate.globalsources.com .
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 790,000 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 240 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 11 specialized trade shows which run 32 times a year across 11 cities.
Suppliers receive more than 53 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 38 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
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