India is one of the most progressive countries across the globe, which has larger potential and an enormous market with the population of 1.36 billion individuals. According to world bank’s data, India’s GDP in 2018 was recorded around USD 2.7 Trillion.
The United States and India view one another as important strategic partners to advance common interests regionally and globally. Bilateral trade in goods and services is about 3% of U.S. world trade. The trading relationship is more consequential for India; in 2018, the United States was its second-largest goods export market (16.0% share) after the European Union (EU, 17.8%), and third-largest goods import supplier (6.3%) after China (14.6%) and the EU28 (10.2%). U.S.-India foreign direct investment (FDI) is small, but growing. Defence sales also are significant in bilateral trade. Civilian nuclear commerce, stalled for years over differences on liability protections, has produced major potential U.S. supply contracts.
Looking at huge market potential in India, trends reveal that every year the FDI inflow in India is growing due to the numerous foreign businesses starting their operations in the country and several favourable changes made in Foreign Direct Investment policy in the last few years.
Foreign companies invest in India due to abundance of resource, presence of labor at relatively lower wages and special investment privileges such as tax exemptions, etc. For a nation where, foreign investments are being made, it also means achieving technical know-how and generating employment.
Some of the main advantages of importing products from India would be as under:-
- Introducing new merchandise to a market that can’t receive the product otherwise.
- The reduction in manufacturing costs.
- Providing countries with a quality imported good.
- Increasing your own company’s sales and profits.
- Boosting efficiency.
Keeping all the above points in mind as well as the current political and economic situation in China today, the time is ripe to look at India as a major source for supply of key products from the key market segments.
We look forward to working with dynamic partners to create a seamless Supply Chain in the industries that we serve in.
All of our experts have been working in the Indian Corporate sector for over 40 years now, and in numerous and diversified market and product segments.
Our familiarity with the market conditions and the multiple suppliers would add weight in creating the desired Supply Chain process and operations.