Many organisations opt for sourcing operations as it helps them to cut down the production cost. Until now, most of them were dependent on China for their sourcing requirements, but now there is an apparent decline in organisation’s inclination towards china. The question that has left everyone pondering is that which country will be the next sourcing destination after China? In this article, we have listed a few major reasons, why you should choose India to be your next sourcing destination.

India, is known to all for its geographical and cultural diversity. With 29 states, each with their own unique tradition and culture, India houses different skills, preferences and patterns, reflected in production throughout the country.This suggests availability of diverse products in all business realms, procurement of which would otherwise involve multi-country sourcing. Furthermore, some indigenous designs and products are unique to the country and are not found elsewhere, thus choosing India as your sourcing destination will put you in charge of these high-end products and render a competitive edge.

How to procure though?

Owing to the intensive production spanned all across the country, sourcing the desired products might require a liaison office, which would further entail a lot of time, capital and resources. The solution to this is to outsource the sourcing requirement to a supply chain company. Hiratek International (HTI), is one such PAN-India organisation which provides comprehensive multi-industry sourcing services to international start-ups, medium to large retailers and wholesalers that are in quest of quality-assured products and sourcing strategies from India. With a team of experienced sourcing agents in each state, focused exclusively on product sourcing in India, HTI has an expert vendor network located at the prominent and interior locations in India. HTI is a connoisseur sourcing organisation, irrespective of the domain; i.e. from fabrics to fashion, accessories to footwears, and home décor to furniture, HTI sources all. Choosing India and HTI for India, will result in a single point contact for all sourcing requirements.

India has a strong presence in global export market, for a reason, being that India is rich in raw material availability. Unlike other countries that need to first import the raw materials for processing them, Indian has abundant range of raw materials including cotton, silk, jute, marble, metal, artisanal wood, bamboo and alike. Even a country, as famous for cheap raw materials as China, imports a lot of natural fabrics and textile yarns from India. So basically, India is the source for textile and by choosing India for your textile sourcing, you’ll be going directly to the source and hence have a better selection and avail the lowest possible prices.

How to procure though?

Indian market is huge and getting acquainted with the interiors might prove to a cumbersome task. The knowledge and network of Indian sourcing agents might come handy in the situation. Hiratek international (HTI) has a vast network of business contacts and supplier databases. Debriefing both primary sources such as suppliers, and experts, as well as secondary sources such as industry publications, databases and associations, HTI provides a complete insight into the Indian market. Whilst working as a sourcing partner, Hiratek also pursues representative role on salary basis by working directly with factories to avoid the traders’ mark-ups. Hence if you are looking for sourcing agents or just representatives, Hiratek has got your back!

How to take benefit though?

If you choose to get your products manufactured in India, you’ll be reducing the production costs to a great extent owing to ready availability of cheap raw material and cheap labour force.The savings are sure to make any organization more competitive and efficient but to explore the resources including material and labour, a liaison office will have to employed, which will result in huge expenditure. However, if instead of a liaison office, organisations can partner with Indian sourcing agents and manufacturers, it will result in procuring the best at the lowest possible cost. HTI, along with being a sourcing company, is a manufacturing company as well, employing skilled and unskilled labours. Hence, choosing HTI will render that extra cost advantage by cutting off any intermediate mark-up.

Time is extremely crucial and to stay ahead of competition, an organisation must reduce time–to–market. India is approx.9 hours 30 minutes ahead of USA, and 3 hours 30 minutes ahead of Europe. This time gap’s entry into India, make it a preferred choice for sourcing because Indian working hours fill the void when US and European offices are not working. That way the companies situated in US and Europe, can work beyond the normal working hours and explore more opportunities in the same time frame that is available to all.

HTI’s Role

HTI is a global supply chain company, undertaking sourcing, quality and inspection tasks. HTI provides 24*7 assistance and a single point of contact for convenient operations. Choosing India and HTI will procure youtailor made solutions and service plans to fulfil your standard.

Over the period, India has emerged as a leading exporter of leather products, textiles, handcrafted articles, home décor and jewellery to global forces like US, UK, China, UAE and Europe. India features nearly all of the key ingredients that are necessary for top quality production at the lowest possible cost: a demographic dividend, abundant domestic resources, comparative advantage in logistics and labor costs, an inexpensive currency relative to the dollar, latest technology and low political risk.

Why Choose HTI for India?

HTI has a strong network spanned across India and is associated with socially compliant factories located in Delhi NCR, Chennai, Tirpur, Bangalore, Mumbai, Muradabad and Jaipur. These factories are already indulged into the export business from decades, which renders HTI the benefit of years of experience. Choosing India and Choosing HTI for India, implies choosing thoughtfully curated network, strategic market insights, export-compliant units and top-quality products.

To sum up, if India is in your business plans, HTI will get things done for you.Hiratek works thoroughly with clients to source, develop and deliver products ranging within the domains of apparels, artificial jewellery, accessories, footwear, hard goods and soft goods.Whilst working as your sourcing partner, Hiratek also pursues representative roleon salary basis byworking directly with factories to avoid the traders’ mark-ups. Hence if you are looking for sourcing agents and representatives, Hiratek has got your back. The firm will be your partners on the land and through its sourcing teams in India; it bridges the challenges of operating in this part of the world.