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Global Sources - China Sourcing Fairs Opened Today
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Friday, September 21, 2012:
The fifth annual China Sourcing Fairs opened today at the Bombay Exhibition Centre, Mumbai, India and runs through September 22, 2012. The Fairs aim to further strengthen trade relationships between China and India.
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The co-located events are Electronics & Components, Hardware & Building Materials and Bathroom Products. Combined, the Fairs feature over 400 booths from mainland China, Hong Kong, Taiwan and South Korea exhibitors. In India, the China Sourcing Fairs are managed by Pico Event Management under license from Global Sources (NASDAQ: GSOL).
“Trade between China and India is expected to reach US$100 billion by 2015. Highlighting the importance of this relationship, India and China have gone so far as to create a five-year economic cooperation plan,” said Tommy Wong, President of Global Sources Exhibitions.
“The China Sourcing Fairs are an ideal platform for China’s manufacturers to establish strong ties with quality buyers in India.”
The Fairs received support from mainland China and Korea with group pavilions of Yiwu and Korea International Trade Association. The Fairs are also endorsed by All India Association of Industries, All India Radio & Electronics Association, Builders’ Association of India, Computers and Media Dealers Association, India-China Chamber of Commerce & Industry and Small & Medium Business Development Chamber of India.
Among participants in the opening ceremony were:
ź Niu Qingbao, Consul General, Consulate General of the People's Republic of China in Mumbai
ź Liu Guoyu, Commercial Counselor, Economic and Commercial Section of the Consulate General of the People’s Republic of China in Mumbai
ź JP Singhania, President, All India Radio & Electronics Association (AIREA)
ź Anand J. Gupta, Hon. General Secretary, Builders’ Association of India (BAI)
ź Jayant Shete, President, Computers and Media Dealers Association (CDMA)
ź Suresh Sharma, Executive Vice President, India China Economic and Cultural Council (ICEC)
ź Moo Han Kim, Senior Executive Managing Director, Korea International Trade Association (KITA)
ź Tommy Wong, President, Global Sources Exhibitions, Global Sources
China suppliers see India’s huge population as an important new market
India’s population of 1.21 billion makes it the second most populated country in the world, of which 400 million are middle-class consumers with strong purchasing power.
Wong said: “Eight to ninety million housing units are expected to be built in India in the next 10-15 years. This represents a massive opportunity for China hardware and construction manufacturers.”
One exhibitor, General Manager of Chao'an Ouni Ceramics Industrial Co., Su Xihe, said: “The China Sourcing Fairs open the door to India’s fast-growing consumer market. By meeting face-to-face with India’s top buyers here in Mumbai, we are developing trading relationships that will benefit us now and to an even greater degree in the future.”
Admittance to the Fairs is free to qualified buyers. For more information and to register online, visit: http://www.chinasourcingfair.com/india.
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