Fifth annual China Sourcing Fairs opened today to facilitate closer Sino-Indian trade

MUMBAI, India, Sept. 20, 2012 /PRNewswire/ -- 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.

(Logo: http://photos.prnewswire.com/prnh/20030303/LNM011LOGO-b )

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 South 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:

• Niu Qingbao, Consul General, Consulate General of the People's Republic of China in Mumbai 
• Liu Guoyu, Commercial Counselor, Economic and Commercial Section of the Consulate General of the People's Republic of China in Mumbai
• JP Singhania, President, All India Radio & Electronics Association (AIREA)
• Anand J. Gupta, Hon. General Secretary, Builders' Association of India (BAI)
• Jayant Shete, President, Computers and Media Dealers Association (CMDA)  
• Suresh Sharma, Executive Vice President, India-China Economic and Cultural Council (ICEC)  
• Moo Han Kim, Senior Executive Managing Director, Korea International Trade Association (KITA)
• 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.

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 facilitates trade between Asia and the world using English-language media such as online marketplaces (http://www.globalsources.com), print and digital magazines, sourcing research reports, private sourcing events, trade shows, and online sourcing fairs.

Over 1.18 million international buyers, including 90 of the world's top 100 retailers, use these services to obtain product and company information to help them source more profitably from overseas supply markets. These services also provide suppliers with integrated marketing solutions to build corporate image, generate sales leads and win orders from buyers in more than 240 countries and territories.

Global Sources' other businesses provides Chinese-language media to companies selling to and within Greater China. These services include online web sites, print and digital magazines, seminars and trade shows. In mainland China, Global Sources has a network of more than 30 office locations and a community of over 4 million registered online users and magazine readers of its Chinese-language media.

Now in its fifth decade, Global Sources has been publicly listed on the NASDAQ since 2000.

SOURCE Global Sources