Archive for the ‘Buying Agents’ Category

Sourcing Handicrafts from India

Thursday, March 25th, 2010

 

What are the key sourcing models (ways of sourcing goods) employed by international retailers in India. there are three ways, either to have a direct sourcing office in India or to have tie-ups with buying houses or both of these together (like Wal-Mart).

 

  • Which is the most prevalent model?
  • In case of the third model, how do you decide that you should source a certain category directly and not through any buying house or sourcing agent

 

Case study of Wal-Mart
 they want to buy from Indian market for its foreign stores & sell to Indian Market as well for the upcoming stores they are opening in Indian Market in partnership with Bharti with a plan to handle the frontend of the retailing business by Bharti while Wal-Mart would take care of the supply chain, that is the reason they have their direct sourcing office in India and tie-up with factories also,

 

For Midsized companies ‘Tie-up with a Buying House’ is better due to cost heads in maintaining the company office, whereas a buying house cost on the buyer is only on the dispatches, a certain amount of commission on each invoice,

 

Risk factor is less in hiring a buying house coz buying house gets paid only if the merchandise received at the other end successfully with no errors or if incase of a faulty merchandise replacements and compensations are issued, this results in a higher responsibility of the buying house individuals so to dispatch the merchandise as per desired results,

 

Another benefit of a buying house over company owned office is the advantage of goods inspected by a 3rd party individual/company which is always preferable,

 

In case of the third model, how do you decide that you should source a certain category directly and not through any buying house or sourcing agent

 

In case of consistent orders where demand is more than supply a certain source can be imported directly by a buyer but again a risk of not getting a regular good quality is involved, to err is human for which regular checking is required either by the buyer or by its agents, in this case buyer may negotiate on commissions and agent will again be happy on dispatch of higher quantities to get higher commissions,

Indian Handicraft & Gifts Show, Venue: Expomart Greater Noida

Wednesday, January 27th, 2010
Expomart Greater Noida

Expomart Greater Noida

Above is the picture of fair venue for ‘Indian Handicraft & Gift Show’, organized each year spring & autumn by EPCH (Export Promotion Council For Handicrafts), This is a Govt. body controlled by ‘Ministry of Textiles’, official website www.epch.com

To find more details on ‘Expomart’, you can visit their official website:

http://www.indiaexpomart.com/

India’s Exports

Wednesday, January 27th, 2010

The below image show the exports of India in percent terms:

India Export Chart

India Export Chart

Source: http://commerce.nic.in/images/india_export2_a.jpg

Importance of an Agent in India

Monday, September 14th, 2009

An Agent

 

A Buying and sourcing Agent is a person who takes complete care of your imports, so that you need not to panic for anything, be it sampling of the product at the initial stage to the despatch of your products to your place.

 

Problems faced by an Importer

 

When a person wants to get the products from a foreign land, he may face the following problems:

 

  • •  Who are the most capable vendors that can fulfil your needs
  • •  Vendor Profile Information
  • •  Settlement with the vendor on your terms and conditions, cost  analysis and so on
  • •  Quality Control
  • •  Shipment for the order dispatch

 

India as a place to export from

 

India is a treasure for handicrafts work.

 Indian Cities are well-known world wide for different handicrafts products.

 

Potential Indian Cities

 

 Moradabad is famous for artistic handicrafts of brass, aluminum, iron etc. Delhi is famous for home textiles like cushion covers, bed covers and so on.  Jaipur is well-known for the exotic jewellery. Similarly some other renowned places to shop for Indian handicrafts are  Ghaziabad, Punjab for Iron Wire Products, Udaipur for Handmade paintings on Silk, Saharanpur for exquisite Wooden Art wares, Bangalore for pure silk sarees, Bengal for Cotton formal Sarees- Tanter  Saree, Karnataka is famous for carvings and exquisitely beautiful decorative pieces made from sandalwood, Sanganer(Rajasthan) for printing on wood, Madras for zari goods,Narsapur(A.P. ) for lace and lace goods and the list goes on.

 

Thus India has good market over-seas for exporting the products.

 

 Importers from different countries prefer to import from India. So the role of the Agent in India is quite a crucial.

 

InfinityV

 

InfinityV being an expert in Indian Handicrafts buying & sourcing, promises you to provide a world-class service. We engage ourselves at every step from the product presentation in the beginning till delivery of the product. (See Services)