Private Sourcing Events bring buyers with annual sales of US$37 billion to meet quality suppliers in India

USA - English

• USA - English

NEW DELHI, May 25 /PRNewswire-Asia/ -- Representatives from three international buying companies with combined annual sales of US$37 billion are scheduled to meet 24 pre-screened Global Sources suppliers at two Private Sourcing Events (http://www.PrivateSourcingEvents.com) in New Delhi.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )

The exclusive events for fashion accessories and gifts and premiums take place on May 25 and 26, by Global Sources' (NASDAQ: GSOL) (http://www.globalsources.com ) sales representative for India.

Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "India's exports rose an annual 11.5 percent in January to US$14.3 billion, the third consecutive rise after 13 straight months of decline. This is a strong indication of a rebound in overseas demand as the global economy recovers.

"India is well known for its fashion accessories and gifts products and for competitive prices. Buyers of these products are restocking inventory as the demand outlook improves."

Participating buyers in the Fashion Accessories and Gifts & Premiums Private Sourcing Events are:

    * C & A -- an international chain of clothing stores
    * El Corte Ingles -- Spain's top retailer
    * J & J Buying Service -- a leading Indian buying office serving several
      of the top home improvement and home decor retailers

One participating buyer, Head of Merchandising of El Corte Ingles India, Nikhil Goyal, said: "India suppliers excel at producing high quality handcrafted items. We have actually increased our orders from the country in the past year.

"Private Sourcing Events help us find reliable suppliers from the region with whom we can form long-term relationships and deliver the value our customers expect."

A participating supplier, Director of Abbasi Good Craft, Zakir Hussain, said: "India-made products are moving up the value chain and more buyers are sourcing from the region. Private Sourcing Events offer us a fast track to meet and present our products directly to top buyers who can help us win market share and grow our business."

Hinrichs concluded: "This year, we are scheduling Private Sourcing Events in India and Vietnam to help buyers diversify their sourcing options. The events provide an unmatched opportunity for suppliers to gain new orders from quality buyers as their purchasing ramps up."

    Buyers participating in the Private Sourcing Events are entitled to
receive related complimentary copies of the just-published India Sourcing
Report: Craft & Promotional Gifts, featuring 18 export manufacturers and 108
products, and India Sourcing Report: Fashion Accessories, featuring 27 export
manufacturers and 159 products. A PDF download of Craft & Promotional Gifts is
available for sale at
http://www.chinasourcingreports.com/csr/india-craft-promotional-gifts while
Fashion Accessories is available at
http://www.chinasourcingreports.com/csr/india-fashion-accessories .

World's top buyers scheduled to attend upcoming Private Sourcing Events

Over 100 Private Sourcing Events are planned for 2010, with dozens of buyers including Carrefour, Li & Fung, Staples and Tesco scheduled to participate. All Private Sourcing Events are complimentary for selected 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 [email protected].

Specialized Global Sources websites, face-to-face events and trade magazines

Private Sourcing Events are part of Global Sources' portfolio of sourcing and product information services brands. These include Global Sources Online (http://www.globalsources.com ), China Sourcing Fairs (http://www.chinasourcingfair.com ) and Global Sources monthly magazines (http://www.globalsources.com/SITE/MAGAZINES.HTM ).

For more information about Global Sources' products and services to connect quality buyers and quality suppliers, visit http://www.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 888,000 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 4.5 million products and more than 256,000 suppliers annually through 14 online marketplaces, 13 monthly print and 15 digital magazines, over 80 sourcing research reports and 21 specialized trade shows which run 55 times a year across 9 cities.

Suppliers receive more than 136 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com ) alone.

Global Sources has been facilitating global trade for nearly 40 years. Global Sources' network covers more than 60 cities worldwide. In mainland China, Global Sources has about 2,500 team members in more than 40 locations, and a community of over 1 million registered online users and magazine readers for its Chinese-language media.

    Global Sources Press Contact in Asia:
     Camellia So
     Tel:   +852-2555-5021
     Email: [email protected]

    Global Sources Press Contact in U.S.:
     James W.W. Strachan
     Tel:   +1-480-664-8309
     Email: [email protected]

    Global Sources Investor Contact in Asia:
     Suzanne Wang
     Tel:   +852-2555-4747
     Email: [email protected]

    Global Sources Investor Contact in U.S.:
     Kirsten Chapman & Timothy Dien
     Lippert/Heilshorn & Associates, Inc.
     Tel:   +1-415-433-3777
     Email: [email protected]

SOURCE Global Sources