Moradabad exporters smile, cautiously

Moradabad: Some workers have gone to offer their Friday namaz; others have stepped out for lunch. A few are sleeping on the floor. But looks can be deceptive. These are extremely busy days at C L Gupta Exports Ltd, a sprawling factory on NH-24 that makes and exports giftware worldwide.
    “Since January 2012, our workforce has grown from 1,600 to 1,850. By the end of September, we will add another 150 workers. We are targeting a 20% growth in business,” says Raghav Gupta, the company’s managing director. Fellow exporter Mohammed Mansoor is equally buoyant. “We are on a good wicket right now,” he says. That’s not all. Over a dozen exporters from this western Uttar Pradesh town are currently in Frankfurt attending a trade fair and shopping for customers.
    One man’s poison is another man’s meat, goes an old saying. At a time when many industries are agonizing over the fall in rupee, the same reason is cause for cheer in Moradabad. That’s because a cheaper rupee translates into higher profit margins and increased business for most exporters. “About 70% of our market is abroad,” estimates Satpal, general secretary, Moradabad Handicrafts Exporters Association (MHEA).
    But the optimism of exporters doesn’t really spring from the currency’s recent free-fall from Rs 55.52 (May 22) to Rs 66.19 (Aug 26) per dollar. Deals for many exports for the forthcoming Christmas and New Year’s market, they say, were signed around May or earlier for Rs 50 or a little more. The bigger reason is that for over a year and half the rupee has gradually depreciated against major international currencies such as dollar, pound and euro, which has helped growth in export-oriented businesses. Most exporters also admit that both volumes and profits will further grow in the coming months when fresh bookings are made for next year’s Easter season.
    Nonetheless, Gupta also points out that profits can never be too high because Indian exporters don’t control the trade. “We operate in a buyer’s market because there’s stiff internal competition amongexporters. China too is a rival. Buyers have plenty of options. For fresh orders, I am sure, they will ask for discounts,” he says. Mansoor cautions, “We must not forget the macro factors. We import a lot of our material such as copper, glass, paints, which are becoming costlier. That apart the prices of diesel, gas and electricity have soared, even shipping is becoming more expensive. Besides, a currency’s volatility is never good for business.”
    There are about 600 exporters in Moradabad, says Satpal. Of them, 285 are MHEA members. A total of four lakh workers earn their livelihood making candle stands, flower vases, table top items, shoe racks, umbrella stands and decorative figurines in their factories as well as 3,000 ancillary units.

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Indian manufacturing gets currency boost

For about a decade, Indian electrical companies have been importing 16- inch table, pedestal and wall ( TPW) fans from China and marketing these in India, under their respective brand names. The reason: importing from China was cheaper than manufacturing these in India. China had the obvious advantages of economies of scale, cheap labour and a favourable currency. However, with the rupee depreciating 14 per cent this year and the Chinese currency, the yuan, appreciating 2.4 per cent to 6.09 a dollar, the pattern has started changing. About a year ago, electrical goods maker Havells India set up a TPW manufacturing plant in the country; this was the first such plant set up in the country in about a decade. “ We could foresee a correction in the Indian currency,” says Sunil Sikka, president, Havells India. “ About a year ago, when we started, we were at a slight disadvantage to our peers who were importing; now, we are at an advantageous position,” he says. For other electrical goods such as induction heaters, too, new manufacturing plants are being set up in India. “ We still have labour arbitrage, as it is cheaper than China. So, once scale is achieved, our import will shift from finished goods to specific parts and raw material,” Sikka says. Indian companies manufacturing induction heaters are still importing the glass needed for these products. However, this accounts for less than 10 per cent of the total production. To cater to developed markets in Europe, Havells acquired Frankfurt- headquartered Sylvania for $ 300 million in 2007. After the financial crisis of 2008, the company shut two of its five manufacturing plants in Europe and set up a joint venture manufacturing plant in China to supply LED products to Sylvania. About a year ago, the company set up a manufacturing plant for lighting fixtures in Neemrana, Rajasthan, to supply to Sylvania. Earlier, the company sourced lighting fixtures from Costa Rica and France. “India is a new sourcing hub for our European operations,” says Sikka. The company exports products worth ₹ 5- 6 crore every month and expects to double this in the next six months. The garment industry, too, is gearing up to avail of the new advantages over China. Raymond, the company best known for selling branded textile for men’s suits, plans to increase exports fourfold in the next five years, as the domestic market faces a relative slowdown. “ If I look at global manufacturing destinations for sourcing, India has improved its competitive position dramatically, especially in relation to China,” says Sanjay Behl, chief executive officer of Raymond, referring to the fact that wages in China have been growing faster than in India. The eight- decade- old company believes in its targeted markets, trade policies for import are being structured more in favour of India compared to China. According to the company’s estimates, India now exports $ 40 billion (about ₹ 2 lakh crore) worth of textiles a year. In 2012- 13, Raymond’s export revenue was about ₹ 250 crore. The company plans to invest about ₹ 1,000 crore through the next five years, primarily to augment capacities. Behl said the rise in capacity would help the company emerge as a major global exporter in the men’s wear and worsted textiles segments. “The depreciation of the rupee alone has not helped; it is also the appreciation of the yuan that has helped India become more attractive an export hub,” says Rakesh Shah, co- chairman ( foreign trade committee), Federation of Indian Chambers of Commerce and Industry. “ Today, we have an export advantage where we have our own raw material.” However, he points to the fact that China still has an advantage, in terms of manufacturing lowengineering, high- volume products due to economies of scale. But India has an obvious advantage in exporting smaller- volume products that require engineering input. Traditionally, India’s forging and automobile component industry has come under this segment and has benefited from the export market. “With the weak rupee and poor demand in the domestic markets, automobile component makers are concentrating on export markets,” says S G Joglekar, chief financial officer at Pune- based Bharat Forge. The company exports niche products for the automobile industry and doesn’t face much competition from China. “ Our exports to North America and Europe are doing better than the domestic markets; we plan to sweat the existing assets to our advantages for export,” he says. way2rading.Com is a leading B2B portal through which you can get updated information about indian manufacturers and indian suppliers. To know more about our services, visit manufacturers directory.

How to Find a genuine buyer for your product

High security system for manufacturers and supplier from fraud buyer
Every body know we are using internet , if some body need something he will search on google , google is a search engine and many search engine available on net ex.yahoo, bing etc , but most popular google . google is providing difrent searvice wich is very help full for our business like local listing map making etc.when we search a buyer or manufacturers related company on google so many search result will come , also we will found so many company and many product ,but we can’t justu fay that company or product a genuine company or not ,that’s way some organasition lunch a site that name is b2b portals or b2b marketplace  for examp.alibaba.com,indiamart.com etc , in b2b site many function and many future for buyer and sealer ,
i explain you some future for

manufacturers ex-there are future product, any company can register free of cost ,there are manufacturers directory and suppliers directory , and product showcase ,email alert sms alert  the future of email alort and sms alert. When some buyer will post his buying requerment in that site , one sms and one email will go to that related manufactures mobile and email , that is very help full for know  the requerment instanced.also all b2b company will providing very secure business and verification process.  All b2b company also providing all promosanal activity advatiesment and webpage design seo many more which is need for every manufacturers and also for buyer every  manufacturers can post and publish his product on b2b site according to his business related categories .in b2b site many catagories like agrictuler, apparel,textile,many more if you need more information you can go to www.way2trading.com

For buyer: this is most important part in b2b site also for all manufacturers , when some on make a product he need to sale that but who to sale . he need to some sorce for saling who will buy his product .but most important part is how his buying his product .is he a genuine buyer or not? One b2b company solve this problem , he his lunch his high security verification with all legal document verify cation  system it will be very safe for manufacturers and suppliers . this site is high importance for indian manufacturers and indian suppliers . ansy company can esylu do his business with this site for mare informstion go to www.way2trading,com

auther: way2rading.Com is a leading B2B portal through which you can get updated information about indian manufacturers and indian suppliers. To know more about our services, visit manufacturers directory.

Online Directory - A Platform For Both Manufacturers and Consumers

           indian manufacturers, indian suppliers, indian manufacturer, manufacturers directory

Indian manufacturers directory brings both manufacturers and buyers or consumers together in one platform. Buyers are allowed to choose their required products from the volley of items available in the online directory. It is an inexhaustible directory which is used by consumers world wide.

Manufacturers of different products can not only find their competitors and their products but also advertise their own products. It is a platform to interact and negotiate with sellers and buyers. It offers buyers a tool to search products and its various competitors, compare rates and then buy based on the product rates. You can procure your items online.

Products found online range from textiles, electrical products, drugs, chemicals, machinery, handicrafts, hosiery, printing and packaging, hand-woven garments, embroidered material, shawls, decorative items. The manufacturing sector of India has been continuously showing a growth pattern and has extensively contributed to the GDP of India. With an online directory of manufacturers you are able to buy directly from any company in the world and have the best purchase price of your guild. This also allows you to export your products abroad in foreign markets in large scale and increase your sales. If you are a buyer and looking for reliable Indian producers in different sectors such as pharmaceuticals, medical and scientific instruments to textiles, handicrafts, food & beverages then you can find them easily online.

Buyers have a greater scope of purchasing and comparing products in the world wide market. They can access products of the global market and have wider choice of the international products.

Article Source: http://EzineArticles.com/2920004

Business Services Enhance B2B Business Activities

indian manufacturers,indian suppliers, manufacturers directory,indian manufacturer

B2B business activities are always enhanced through business services. Many Companies are registered with such websites to increase the business opportunities for them.

Business services are one of the most important activities to promote business. There are many Companies including Advertising, travel, computer and information, Education and training that have introduced them in B2B business-sites to get the maximum out of this domain.

International settlement services are also profited from this website, whereby sellers offer different finance options to get suitable buyers for the products. Many service industries are also registered with such business promotion websites. One of them includes Royalties and License services. Others are telecommunication services, trade-show services, translation services, etc.

Even Insurance and healthcare services are registered with business portal. These services are registered to promote their business online and create awareness amongst different visitors.

The visitors searching for any particular business enterprise will end his search at business websites. The business is enhanced and other business promotions also take place, along with.

Business Services are enormous and it's not possible for each and every unit to know about all the business units in their segment. Then business promotion websites are the best place to consult. They are one in all solution for various business services.

When you are establishing a new business unit, then you need different supporting structures to assist you in your establishment. These business services are helpful in providing different business activities and getting the work done easily. Business services are provided as best services through these websites. There is an amalgamation of different units which promote other business units as well. The contacting or visiting unit may search through other related business units and so that they get quality business services.

Many business services are available at business website. Companies search through the website for the probable business unit and benefit from B2B Portal. All the services are offered through these business websites and that too at its best. B2B portals are available to contact the business units and get the maximum out of it. Most Companies are benefitted through these business portals for better business opportunities.

Indian Manufacturing Sector

Indian manufacturing sector has the potential to elevate much of the Indian population above poverty by shifting the workforce out of low income agriculture sector. Manufacturing fuels growth, employment, and also strengthens agriculture and service sectors. Enormous growth in worldwide distribution systems and opening of trade barriers, has led to astonishing growth of global manufacturing networks, designed to take advantage of low-cost yet efficient work force of India.

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Apart from low cost advantage, Indian manufacturing sector must focus on areas like improving the urban infrastructure, ensuring fair competition, reduction of import duties, quality improvements in education and increase investment in R&D to gain global foot print.

There was widespread expectation that the Indian manufacturing sector would be the world's hub for components. A low cost base, liberalization and capital equipment would do the trick. But it didn’t happen. Indian manufacturing did not make an impact on the international manufacturing and it’s nowhere near to that of Korea, Taiwan or China. Even domestic manufacturing companies are turning to China for components sourcing. As a result, manufacturing sector contribution to India’s GDP has fallen to 15% in 2008 from 17% in 1991. Except commercial vehicles and pharmaceuticals almost all other categories of manufacturing are procuring components from China.

When we consider a ten-year horizon, there is a good chance that products which require world class design, complex manufacturing skills and large investments will be in the MNC sector. It means pretty much every product. At the lower end, there is a likelihood of Indian manufacturers wresting market leadership, mainly on cost considerations.

Extensive subcontracting and contract manufacturing are the order of the day. Traditionally MNCs avoid increasing the number of employees in the main plants. Wherever production can be performed by contract workmen, even inside the main plants, it will be done through such an arrangement. As a result we can see a lop-sided employment pattern in manufacturing sector. While this may be good news from a cost point, it can severely limit the process of building technical skills in this sector and attracting the right manpower to it.

The WTO pressures, surplus foreign exchange and lack of domestic alternatives will ensure a large presence of Chinese and Korean products in Indian market. The key challenge now we have is to internationalize Indian manufacturers in a way it utilizes our human potential while protecting national interests. Getting it right, learning the lessons from the recent past and removal of the policy hurdles blocking the way, we can still become the leaders in engineering and manufacturing supplies to the world.

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Indian Manufacturers

Indian manufacturing sector has the potential to elevate much of the Indian population above poverty by shifting the workforce out of low income agriculture sector. Manufacturing fuels growth, employment, and also strengthens agriculture and service sectors. Enormous growth in worldwide distribution systems and opening of trade barriers, has led to astonishing growth of global manufacturing networks, designed to take advantage of low-cost yet efficient work force of India. Apart from low cost advantage, Indian manufacturing sector must focus on areas like improving the urban infrastructure, ensuring fair competition, reduction of import duties, quality improvements in education and increase investment in R&D to gain global foot print. There was widespread expectation that the Indian manufacturing sector would be the world's hub for components. A low cost base, liberalization and capital equipment would do the trick. But it didn't happen. Indian manufacturing did not make an impact on the international manufacturing and it's nowhere near to that of Korea, Taiwan or China. Even domestic manufacturing companies are turning to China for components sourcing. As a result, manufacturing sector contribution to India's GDP has fallen to 15% in 2008 from 17% in 1991. Except commercial vehicles and pharmaceuticals almost all other categories of manufacturing are procuring components from China. When we consider a ten-year horizon, there is a good chance that products which require world class design, complex manufacturing skills and large investments will be in the MNC sector. It means pretty much every product. At the lower end, there is a likelihood of Indian manufacturers wresting market leadership, mainly on cost considerations. Extensive subcontracting and contract manufacturing are the order of the day. Traditionally MNCs avoid increasing the number of employees in the main plants. Wherever production can be performed by contract workmen, even inside the main plants, it will be done through such an arrangement. As a result we can see a lop-sided employment pattern in manufacturing sector. While this may be good news from a cost point, it can severely limit the process of building technical skills in this sector and attracting the right manpower to it. The WTO pressures, surplus foreign exchange and lack of domestic alternatives will ensure a large presence of Chinese and Korean products in Indian market. The key challenge now we have is to internationalize indian manufacturers in a way it utilizes our human potential while protecting national interests. Getting it right, learning the lessons from the recent past and removal of the policy hurdles blocking the way, we can still become the leaders in engineering and manufacturing supplies to the world

Manufacturing sector contracts for second consecutive month in September: HSBC

India's manufacturing sector activity contracted for the second consecutive month in September as both output and new orders witnessed a decline, an HSBC survey said on Tuesday. The overall rate of contraction was, however, marginal and eased since August, when it had slipped sub 50.0 reading (below which it indicates contraction) for the first time since March 2009. The HSBC India Manufacturing Purchasing Managers' Index (PMI) for the manufacturing industry stood at 49.6 in September, higher from 48.5 in August, but remained below the crucial 50 mark (below which it indicates contraction) for the second consecutive month. Manufacturing activity continued to shrink in September, albeit at a slower pace. Order flows remained weak, especially export orders, and employment fell," HSBC chief economist for India and Asean Leif Eskesen said. Faced with fewer projects, companies reduced their workforce numbers for the first time since February 2012. indian suppliers "Reflective of a further reduction in new order levels, Indian manufacturers cut their staffing levels in September," HSBC said adding that "the latest fall ended a period of job creation that had lasted for one-and-a-half years". Although new orders fell at a slower and marginal pace, the contraction of export business was very significant. According to HSBC, a depreciation of the rupee versus the US dollar had resulted in higher prices paid for inputs and limited firms' ability to price "competitively". The findings of the survey comes at a time when the country is battling slower growth rate, wider current account deficit and a battered currency. free business listing According to official data, high imports of gold and oil pushed current account deficit (CAD) to 4.9 per cent of GDP at $21.8 billion in the April-June quarter of the current fiscal. "Despite the weak growth readings, the build-up in underlying inflation pressures suggests that the RBI has to keep its inflation guards up," Eskesen said. The Reserve Bank of India, in its September 20 policy review, had unexpectedly raised the policy rate by 0.25 per cent as it kept its focus on controlling inflation. Driven by costlier food items, wholesale price inflation rose to a six-month high of 6.1 per cent in August. Although new orders fell at a slower and marginal pace, the contraction of export business was very significant. According to HSBC, a depreciation of the rupee versus the US dollar had resulted in higher prices paid for inputs and limited firms' ability to price "competitively". The findings of the survey comes at a time when the country is battling slower growth rate, wider current account deficit and a battered currency.

India’s manufacturing sector

indian manufacturers have a golden chance to emerge from the shadow of the country’s services sector and seize more of the global market. McKinsey analysis finds that rising demand in India, together with the multinationals’ desire to diversify their production to include low-cost plants in countries other than China, could together help India’s manufacturing sector to grow sixfold by 2025, to $1 trillion, while creating up to 90 million domestic jobs. Capturing this opportunity will require India’s manufacturers to improve their productivity dramatically—in some cases, by up to five times current levels.1 The country’s central and state governments can help by dismantling barriers in markets for land, labor, infrastructure, and some products (see sidebar, “Four imperatives for India’s government”). But the lion’s share of the improvement must come from indian manufacturer themselves. Recognizing this, a few leading ones are upgrading their competitiveness by bolstering their operations to improve the productivity of labor and capital, while launching targeted programs to train the plant operators, managers, maintenance engineers, and other professionals the country needs to reach its manufacturing potential. A closer look at the experiences of these companies offers lessons for other Indian manufacturers and for global product makers considering opportunities in India. Made in India? indian manufacturers have long performed below their potential. Although the country’s manufacturing exports are growing (particularly in skill-intensive sectors such as auto components, engineered goods, generic pharmaceuticals, and small cars) its manufacturing sector generates just 16 percent of India’s GDP—much less than the 55 percent from services.2 Moreover, a majority of India’s largest manufacturers don’t return their cost of capital (Exhibit 1), a factor that dampens investment in the sector and makes it less attractive than its counterparts in competing economies, such as China and Thailand. Indeed, China’s manufacturers captured nearly 45 percent of the global growth in manufacturing exports from low-cost countries between 2001 and 2010, whereas India accounted for a paltry 5 percent. However, the FICCI (Federation of Indian Chambers of Commerce & Industry) survey has predicted the growth of manufacturing sector in the quarter of April to June this year. The demands of the manufacturing goods have risen in the global market. But the survey also states the Chinese manufacturing units like leather, textile and chemicals are having an edge over the Indian goods. The largest employment generating sector in India has bleak chances of continuing the exports and hence, many units are withdrawing themselves from the export market. Therefore, FICCI warns about the inconsistency in the growth of manufacturing units and calls for an immediate policy action.

Indian Manufacturers

Indian manufacturers Indian manufacturers sector makes up only 16 percent of its GDP. This needs this to increase if the country is to find jobs for its huge population. Yet on the back of strong domestic demand, global car indian manufacturers have flocked to India and are helping to make the sector globally competitive -- particularly in small cars. Capacity is expected to increase from 4.8 million units in 2010 to 12 million in 2018 according to Rothschild. India is set to become the third-largest auto maker in the world and could become a major exporter.Small cars make up 70 percent of the domestic market. And although Tata and Mahindra provide strong local competition, foreigners are dominant. ForeignIndian manufacturers direct investment (FDI) into the automotive industry increased by 48 percent to $7.4 billion in 2011, according to Ernst & Young. Suzuki alone has a 45 percent share.
With no caps on FDI, new entrants are spurring competition. And in contrast to recent policies on retail, state governments have been welcoming. Clusters are being created in the south and west of India where states such as Tamil Nadu and Gujarat offer cheap land toIndian manufacturers attract investment.But it's not just the domestic market that is fuelling growth. Exports already make up 15 percent of output, and many firms have ambitions to develop the international angles. Hyundai uses India as the global source point of all their small cars. Last year it exported 247,000 cars from India -- almost double the 2007 figure. Ford is stepping up export of Indian cars toIndian manufacturers over 50 countries. And Toyota's says it plans to export cars to South Africa in March 2012, the first time it will ship Indian-made cars overseas.
Infrastructure bottlenecks, skills shortages and slow-moving bureaucracy pose big challenges to Indian Manufacturers development. But as labour cost in China rise, India has an opportunity to win market share. In autos, it may have found a formula that can be replicated.
Overseas investment in India rose for the first time in three years in 2011, Ernst & Young reported on January 29.Foreign direct investment rose 13 percent to $50.81 billion in the first 11 months of 2011 from a year earlier, according to the EY report. The total number of projects rose 25 percent to 864. Automakers led the way, increasing spending by 46 percent. India is set to become the third largest automotive maker in the world by 2015 according to a report by Rothschild, the investment bank, in December 2011. Ford plans to invest $142 million in its 200,000 vehicles-a-year plant in Chennai the company announced this month.

About the Author

Keshav Dussal is the author of article. He has been demonstrating his writing skills by writing the articles for Indian manufacturers from last two years. He also has a keen interest in writing stuff for Indian manufacturers directoryrelated topics. He has written various articles on manufacturers directory.