{"id":23009,"date":"2024-05-15T11:30:49","date_gmt":"2024-05-15T11:30:49","guid":{"rendered":"https:\/\/www.qalara.com\/blog\/?p=23009"},"modified":"2024-05-16T07:06:10","modified_gmt":"2024-05-16T07:06:10","slug":"india-for-global-sourcing","status":"publish","type":"post","link":"https:\/\/www.qalara.com\/blog\/india-for-global-sourcing\/","title":{"rendered":"India, the preferred destination for global sourcing"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"23009\" class=\"elementor elementor-23009\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-963eaaa elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"963eaaa\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e282a5d\" data-id=\"e282a5d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-568e444 elementor-widget elementor-widget-elipsa_core_dropcaps\" data-id=\"568e444\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elipsa_core_dropcaps.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m  qodef-dropcaps qodef-type--simple\">\n\t<span class=\"qodef-m-letter\" style=\"color: #874439\">I<\/span>\n\t\t\t<p class=\"qodef-m-text\" style=\"color: #000000\">n the ever-shifting world of global sourcing, the past five years have been nothing short of a rollercoaster. From trade wars to the far-reaching effects of the COVID-19 pandemic, natural disasters, supply bottlenecks, Brexit, and geopolitical conflicts like the Ukraine-Russia war and the Israel-Hamas conflict, businesses worldwide have faced an unprecedented series of challenges, the effects of which continue to linger. The seismic shift triggered primarily by the pandemic has compelled businesses to reevaluate their sourcing paradigms.<\/p>\n\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3fd00d1 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"3fd00d1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c6fc475\" data-id=\"c6fc475\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0fe649e elementor-widget elementor-widget-text-editor\" data-id=\"0fe649e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">One discernible trend is the newfound emphasis on diversifying supply chains, as businesses grapple with the risks associated with over-reliance on a single source. The result has been a surge in nearshoring and reshoring initiatives, a strategic maneuver to reduce vulnerabilities and enhance operational flexibility. Simultaneously, an increased awareness of the social and environmental impacts of supply chains has catalyzed a demand for sustainable and ethical sourcing practices. The lessons learned during the pandemic point to a need for revolutionizing global sourcing.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7df9700 elementor-widget elementor-widget-spacer\" data-id=\"7df9700\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2291930 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"2291930\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-cf0c614\" data-id=\"cf0c614\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-c6109a5\" data-id=\"c6109a5\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-af1c4b4 elementor-widget elementor-widget-text-editor\" data-id=\"af1c4b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>Table of contents:<\/strong><\/span><\/p><p><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#1\"><span style=\"text-decoration: underline;\">India takes centerstage in the new global sourcing revolution<\/span><\/a><\/span><\/p><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#a\"><span style=\"text-decoration: underline;\">IKEA<\/span><\/a><\/span><\/li><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#b\"><span style=\"text-decoration: underline;\">UNIQLO<\/span><\/a><\/span><\/li><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#c\"><span style=\"text-decoration: underline;\">ZARA, GAP, Levi\u2019s, Mango, Marks &amp; Spencer, Tommy Hilfiger and more<\/span><\/a><\/span><\/li><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#d\"><span style=\"text-decoration: underline;\">Crocs, Nike, adidas<\/span><\/a><\/span><\/li><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#e\"><span style=\"text-decoration: underline;\">Walmart<\/span><\/a><\/span><\/li><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#f\"><span style=\"text-decoration: underline;\">Apple<\/span><\/a><\/span><\/li><\/ul><\/li><\/ul><\/li><\/ul><p><a href=\"#2\"><span style=\"color: #000000;\"><span style=\"text-decoration: underline;\">What makes India so attractive?<\/span><\/span><\/a><\/p><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#g\"><span style=\"text-decoration: underline;\">Cost advantage<\/span><\/a><\/span><\/li><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#h\"><span style=\"text-decoration: underline;\">A young workforce<\/span><\/a><\/span><\/li><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#i\"><span style=\"text-decoration: underline;\">A growing economy<\/span><\/a><\/span><\/li><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#j\"><span style=\"text-decoration: underline;\">A wealth of raw materials<\/span><\/a><\/span><\/li><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#k\"><span style=\"text-decoration: underline;\">Artisanal meets mechanized<\/span><\/a><\/span><\/li><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#l\"><span style=\"text-decoration: underline;\">Attractive incentives<\/span><\/a><\/span><\/li><li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#m\"><span style=\"text-decoration: underline;\">The geographic and cultural advantage<\/span><\/a><\/span><\/li><\/ul><\/li><\/ul><\/li><\/ul><p><span style=\"text-decoration: underline;\"><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#3\">Conclusion<\/a><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-d2cf6b7\" data-id=\"d2cf6b7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d62d2d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"d62d2d7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-60da049\" data-id=\"60da049\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e77606a elementor-widget elementor-widget-spacer\" data-id=\"e77606a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b17331 elementor-widget elementor-widget-qi_addons_for_elementor_section_title\" data-id=\"0b17331\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"1\" data-widget_type=\"qi_addons_for_elementor_section_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-section-title qodef-decoration--italic qodef-link--underline-draw qodef-subtitle-icon--left\">\n\t\t\t\t\t\t<h2 class=\"qodef-m-title\">\n\t\tIndia takes centerstage in the new global sourcing revolution\t<\/h2>\n\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-02c62de elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"02c62de\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-254d2e6\" data-id=\"254d2e6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8ac38f5 elementor-widget elementor-widget-text-editor\" data-id=\"8ac38f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Risk management strategies have taken center-stage, emphasizing the crucial task of identifying and mitigating potential disruptions. As businesses navigate these complexities, agility and flexibility have become paramount in the evolving narrative of global sourcing. Transparency and efficiency are no longer just buzzwords; they\u2019re now a top priority for 60% plus business, as per a white paper published by Reuters Events in partnership with Maersk in January 2023. The lessons learned during this period of disruption are shaping a new era of sourcing practices, triggering a heightened demand and interest in sourcing from India as a \u2018China plus one\u2019 option. The slow recalibration of American and European countries, reducing their reliance on China, underscores a broader trend.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ac99f1c elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"ac99f1c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-07b2461\" data-id=\"07b2461\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-ec66428\" data-id=\"ec66428\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eb05f64 elementor-widget elementor-widget-image\" data-id=\"eb05f64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"475\" src=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/1-1-1024x475.jpg\" class=\"attachment-large size-large wp-image-23027\" alt=\"Top priorities for businesses between 2020 \u2013 2023\" srcset=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/1-1-1024x475.jpg 1024w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/1-1-300x139.jpg 300w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/1-1-768x357.jpg 768w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/1-1.jpg 1120w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" loading=\"eager\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Top priorities for businesses between 2020 \u2013 2023: Source Reuters x Maersk<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-20346b9\" data-id=\"20346b9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-49760cb elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"49760cb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ec87e57\" data-id=\"ec87e57\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3732c92 elementor-widget elementor-widget-text-editor\" data-id=\"3732c92\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">As a technology-enabled global sourcing platform based in India, Qalara stands at the intersection of varied perspectives. We are in constant dialogue with stakeholders spanning across small and large-scale wholesalers, retailers, boutique owners, hoteliers, sourcing agents from around the world who have been sourcing from India or express a strong interest in doing so. Regardless, a recurring theme echoes through these conversations \u2013 the quest for reliable and ethical vendors and manufacturers capable of consistently delivering high-quality products meeting international standards, without taking shortcuts.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67148b1 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"67148b1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6fbf29a\" data-id=\"6fbf29a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5712b4b elementor-widget elementor-widget-text-editor\" data-id=\"5712b4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Many businesses have found their happy place in India, regularly increasing the volume of manufacturing and sourcing from here. Here are a few examples across industries:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-58c93a8 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"58c93a8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a2c1f8f\" data-id=\"a2c1f8f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ab9878a\" data-id=\"ab9878a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0057881 elementor-widget elementor-widget-text-editor\" data-id=\"0057881\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"a\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>IKEA:<\/strong> In a bid to keep its prices down, IKEA currently sources 30% of its products locally from India, but hopes to increase that number to over 50% in the years to come. Highlighting India&#8217;s tremendous potential, Deputy CEO and CFO Juvencio Maeztu maintains that<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-936cd37 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"936cd37\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-278d505\" data-id=\"278d505\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-92f1464\" data-id=\"92f1464\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-427912c elementor-widget elementor-widget-qi_addons_for_elementor_blockquote\" data-id=\"427912c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"qi_addons_for_elementor_blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-blockquote qodef-layout--top qodef--icon-pack\">\n\t\t\t<div class=\"qodef-m-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"fas fa-quote-right\"><\/i>\t\t<\/div>\n\t\t\t\t<h5 class=\"qodef-m-text\">\n\t\t\tIndia has a fantastic opportunity to be a manufacturing hub for the entire world\t\t<\/h5>\n\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cfa621b elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"cfa621b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-03df7f3\" data-id=\"03df7f3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-199753a\" data-id=\"199753a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ec816a elementor-widget elementor-widget-text-editor\" data-id=\"4ec816a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">with the value of Ikea\u2019s sourcing from India estimated to be more than INR 5,000 crore (over USD 1 billion).<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b60be31 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"b60be31\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3c89d02\" data-id=\"3c89d02\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3423017\" data-id=\"3423017\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b2c8e17 elementor-widget elementor-widget-text-editor\" data-id=\"b2c8e17\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"b\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>UNIQLO:<\/strong> Japanese retailer Uniqlo is set to ramp up its presence in the Indian market. The company has expressed its intention to enhance the number of stores in the country, aiming for a significant expansion to tap into the growing consumer base. This move aligns with UNIQLO&#8217;s strategic vision to strengthen its foothold in the Indian retail landscape, catering to the increasing demand for its products. The brand is already sourcing more than 30% from India for its Indian and global stores. With the opening of two new stores in Mumbai, it is gearing up to take that number significantly higher.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0dad809 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"0dad809\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-f087a27\" data-id=\"f087a27\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-0bf725e\" data-id=\"0bf725e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-133b163 elementor-widget elementor-widget-text-editor\" data-id=\"133b163\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong><em>INDIA HAS EMERGED AS ONE OF THE WINNERS IN GLOBAL MANUFACTURING OVER THE PAST FIVE YEARS, WITH ITS EXPORTS TO THE US SURGING BY $23 BILLION, A 44% INCREASE FROM 2018 TO 2022 <\/em><\/strong><\/span><\/p><p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong><em>&#8211; BOSTON CONSULTING GROUP<\/em><\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e7bdc43 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"e7bdc43\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-c927ba2\" data-id=\"c927ba2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-9bd78d6\" data-id=\"9bd78d6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a77e8be elementor-widget elementor-widget-text-editor\" data-id=\"a77e8be\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"c\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>ZARA, GAP, Levi\u2019s, Mango, Marks &amp; Spencer, Tommy Hilfiger and more:<\/strong> Large Fashion retailers including Zara, Gap, Levi\u2019s, Mango, Marks &amp; Spencer, Tommy Hilfiger, to name a few, also have a manufacturing presence in India. Geopolitical concerns and rising labor abuse issues in certain Southeast Asian countries have turned the spotlight on India. Rahul Mehta, president of the Clothing Manufacturers Association of India, notes a growing interest from global players in boosting local sourcing and manufacturing from India. He recently told Financial Express, <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1e924de elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"1e924de\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-75e173e\" data-id=\"75e173e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a4adc59\" data-id=\"a4adc59\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db871e1 elementor-widget elementor-widget-qi_addons_for_elementor_blockquote\" data-id=\"db871e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"qi_addons_for_elementor_blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-blockquote qodef-layout--top qodef--icon-pack\">\n\t\t\t<div class=\"qodef-m-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"fas fa-quote-right\"><\/i>\t\t<\/div>\n\t\t\t\t<h5 class=\"qodef-m-text\">\n\t\t\tGlobal majors are looking to increase their local sourcing and manufacturing needs from India than they did earlier. One reason for this is the increasing unease and wariness they feel in some South East Asian countries owing to the geopolitical situation there and growing labor abuse issues.\t\t<\/h5>\n\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c8b3265 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"c8b3265\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-245ac41\" data-id=\"245ac41\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-042e09d\" data-id=\"042e09d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c06de1c elementor-widget elementor-widget-text-editor\" data-id=\"c06de1c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">H&amp;M and ZARA have phased-out sourcing from Myanmar amid reports of widespread worker abuse, unpaid wages, forced salary reductions, as well as union intimidation.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1279032 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"1279032\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-2920151\" data-id=\"2920151\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-58b228c\" data-id=\"58b228c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3f4d249 elementor-widget elementor-widget-text-editor\" data-id=\"3f4d249\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">India exports about $16 billion worth of apparel, while its domestic market is estimated at $80-100 billion. Both foreign and Indian brands are expanding manufacturing in India to maintain competitive price points. The Economic Survey has predicted a 7.5% growth in the manufacturing sector in FY2023 (projected) vs. 4.1% in FY2022.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d51c8e2 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"d51c8e2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5f71fd8\" data-id=\"5f71fd8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-73192df\" data-id=\"73192df\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d8ad43e elementor-widget elementor-widget-text-editor\" data-id=\"d8ad43e\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"d\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>Crocs, Nike, adidas:<\/strong> Tamil Nadu is strategically positioning itself in the global market for non-leather footwear, with the establishment of a footwear park in Perambalur, inaugurated in November 2023. The Crocs factory, a joint venture between Taiwan&#8217;s Shoetown and India&#8217;s Phoenix-Kothari Group, signals a significant shift toward diversifying production and supply chains with a China+1 strategy.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a5df15b elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"a5df15b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-aac1073\" data-id=\"aac1073\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-22b74e5\" data-id=\"22b74e5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-88b6140 elementor-widget elementor-widget-text-editor\" data-id=\"88b6140\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Other Taiwanese giants, like Feng Tay, Pou Chen, and Hong Fu, are also setting up non-leather shoe factories in Tamil Nadu, drawn by the state&#8217;s 2022 footwear and leather products policy offering subsidies and support for foreign investment. And it\u2019s not just Crocs! Nike, Adidas, and Puma will also be manufactured in Tamil Nadu by Taiwanese giants.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d8c3eb8 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"d8c3eb8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-49545c7\" data-id=\"49545c7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-a1515c6\" data-id=\"a1515c6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-84a8038 elementor-widget elementor-widget-image\" data-id=\"84a8038\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/theprint.in\/ground-reports\/tamil-nadu-is-the-new-china1-for-shoes-crocs-nike-adidas-foot-indias-manufacturing-push\/1904998\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"650\" src=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/2.jpg\" class=\"attachment-large size-large wp-image-23028\" alt=\"T R B Rajaa (centre), the Industries Minister of Tamil Nadu, at the Crocs manufacturing unit of the Perambalur footwear park\" srcset=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/2.jpg 1024w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/2-300x190.jpg 300w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/2-768x488.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" loading=\"eager\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">T R B Rajaa (centre), the Industries Minister of Tamil Nadu, at the Crocs manufacturing unit of the Perambalur footwear park (Image credit: theprint.in\/)<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-698ea88\" data-id=\"698ea88\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3479a37 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"3479a37\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-be4059f\" data-id=\"be4059f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-76d255f\" data-id=\"76d255f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ec72d24 elementor-widget elementor-widget-text-editor\" data-id=\"ec72d24\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"e\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>Walmart:<\/strong> Walmart views India as crucial in its strategy to expand manufacturing capacity, with a focus on importing $10 billion worth of goods annually by 2027. Andrea Albright, Walmart&#8217;s executive vice president of sourcing told Reuters that Walmart is importing goods ranging from toys and electronics to bicycles and pharmaceuticals from India to the US. Packaged food, dry grains and pasta are also popular imports from India, she added. India-made apparel, homeware, jewelry, and other popular products reach customers in 14 markets, including the US, Canada, Mexico, Central America, and the United Kingdom via Walmart\u2019s Global Sourcing office in Bengaluru, which opened in 2002.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-97a608e elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"97a608e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b68223b\" data-id=\"b68223b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b811893\" data-id=\"b811893\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1cdac82 elementor-widget elementor-widget-text-editor\" data-id=\"1cdac82\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Walmart, which acquired a 77% stake in Flipkart in 2018, is currently importing around $3 billion worth of products from India each year. Walmart&#8217;s interest in India is driven by the country&#8217;s growing workforce, technological advancements, and its potential to excel in low-cost, large-scale manufacturing. The company, operating in India since 2002, employs over 100,000 people across various units.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4a119d9 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"4a119d9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-bbdf8f5\" data-id=\"bbdf8f5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b20e348\" data-id=\"b20e348\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b897df6 elementor-widget elementor-widget-text-editor\" data-id=\"b897df6\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"f\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>Apple:<\/strong> Tech giant Apple is the latest company to hop onto the India bandwagon. The California-based company has assembled low-end iPhone models in India since 2017 and began making its iPhone 14 in India within weeks of its launch last year.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79f2dff elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"79f2dff\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-d871133\" data-id=\"d871133\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3181df2\" data-id=\"3181df2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25775f9 elementor-widget elementor-widget-text-editor\" data-id=\"25775f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">J.P. Morgan predicts that a significant chunk, approximately a quarter, of all Apple iPhones will be produced in India by 2025. Foxconn, Apple&#8217;s key manufacturing partner, is gearing up to expand iPhone production at its current facility near Chennai, Tamil Nadu. The goal is ambitious: to increase annual iPhone production to around 20 million units by 2024, accompanied by a threefold rise in the workforce, potentially reaching up to 100,000 employees, according to insider sources as reported by The Wall Street Journal.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e4794e3 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"e4794e3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-891ddf6\" data-id=\"891ddf6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5e890e6\" data-id=\"5e890e6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f1f9be4 elementor-widget elementor-widget-text-editor\" data-id=\"f1f9be4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">While Apple currently manufactures 5% to 7% of its iPhones in India, a notable surge from the 1% in 2021, the momentum is far from slowing down. The company has ambitious plans in motion, aiming to solidify its presence and influence in the Indian market.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-01c5ba5 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"01c5ba5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8861585\" data-id=\"8861585\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a152365\" data-id=\"a152365\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f739914 elementor-widget elementor-widget-text-editor\" data-id=\"f739914\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">The list doesn\u2019t end here. Other companies that have started production in India or are in the process of sealing the deal include Boeing, Nokia, Ericsson, Samsung, and LG. India has gone from making 9% of the world&#8217;s smartphone handsets in 2016 to a projected 19% in 2023, according to Counterpoint Technology Market Research. Four makers account for over 80% of India\u2019s expanding telecom exports. These include Samsung (35%), Wistron (17%), Hon Hai Precision Industry (17%), Pagatron (12%).<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f91dee4 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"f91dee4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-955cf5e\" data-id=\"955cf5e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d16d717 elementor-widget elementor-widget-spacer\" data-id=\"d16d717\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7df7c47 elementor-widget elementor-widget-qi_addons_for_elementor_section_title\" data-id=\"7df7c47\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"2\" data-widget_type=\"qi_addons_for_elementor_section_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-section-title qodef-decoration--italic qodef-link--underline-draw qodef-subtitle-icon--left\">\n\t\t\t\t\t\t<h2 class=\"qodef-m-title\">\n\t\tWhat makes India so attractive?\t<\/h2>\n\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-df7d19c elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"df7d19c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f984c5d\" data-id=\"f984c5d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-704cc0a elementor-widget elementor-widget-text-editor\" data-id=\"704cc0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">In the face of global challenges and disruptions in 2022, India&#8217;s manufacturing sector has shown robust and consistent growth throughout the year. The country has ascended to become the world&#8217;s second most coveted manufacturing hub, owing to its enhanced operational environment, cost-effectiveness, low labor costs, abundant talent pool, and success in fulfilling outsourcing needs. These factors collectively position India as a leading contender on the global stage, moving closer to China in establishing itself as the preferred global manufacturing hub. This is indicative of India&#8217;s resilience and attractiveness in the manufacturing landscape.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-28126bf elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"28126bf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-f61eed6\" data-id=\"f61eed6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-0ee9cfa\" data-id=\"0ee9cfa\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aea404a elementor-widget elementor-widget-text-editor\" data-id=\"aea404a\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"g\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>Cost advantage:<\/strong> As per BCG&#8217;s calculations, the average landed cost of Indian-made goods is 11.5% lower than goods made in China. This includes factory wages adjusted for productivity, logistics, tariffs and energy.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5a0405d elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"5a0405d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-362c338\" data-id=\"362c338\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-566d787\" data-id=\"566d787\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8c5279d elementor-widget elementor-widget-text-editor\" data-id=\"8c5279d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">In the period from 2018 to 2022, wage inflation has exceeded productivity gains in various regions globally. However, India stands out as a winner. The study by BCG reveals that labor costs adjusted for productivity increased by 18% in India during this period, compared to higher increases in the US (21%), China (24%), and Mexico (22%). Despite these increases, India, along with Mexico, remains among the most cost-competitive sources for manufacturing, with Mexico being particularly competitive as a near-shore option for the USA.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cdef69b elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"cdef69b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-3013ceb\" data-id=\"3013ceb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-eeae742\" data-id=\"eeae742\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d85ae60 elementor-widget elementor-widget-image\" data-id=\"d85ae60\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"602\" height=\"264\" src=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/3.png\" class=\"attachment-large size-large wp-image-23029\" alt=\"Increase in labor costs from 2018 to 2022\" srcset=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/3.png 602w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/3-300x132.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" loading=\"eager\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-1624524\" data-id=\"1624524\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-29edde7 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"29edde7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-ccafc0f\" data-id=\"ccafc0f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-63957b0\" data-id=\"63957b0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9501ec7 elementor-widget elementor-widget-image\" data-id=\"9501ec7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"647\" height=\"484\" src=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/4-1.jpg\" class=\"attachment-large size-large wp-image-23031\" alt=\"Factories Worker Salaries\" srcset=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/4-1.jpg 647w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/4-1-300x224.jpg 300w\" sizes=\"(max-width: 647px) 100vw, 647px\" loading=\"eager\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Source: https:\/\/nmindiasourcing.com\/why-source-from-india\/<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-6bb8833\" data-id=\"6bb8833\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f514f7 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"7f514f7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ffd26d4\" data-id=\"ffd26d4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-d0a1d0a\" data-id=\"d0a1d0a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ba44372 elementor-widget elementor-widget-text-editor\" data-id=\"ba44372\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"h\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>A young workforce:<\/strong> India&#8217;s young labor force stands out for its demographic dividend, characterized by a large, youthful population (with a median age of 28) that is increasingly becoming educated, skilled, and entrepreneurial. India&#8217;s young workforce is also known for its adaptability to new technologies and innovative solutions in various industries, including supply chain management as per the World Economic Forum &#8211; The Future of Jobs Report. The median age of 28 signifies a workforce that is likely to possess contemporary skills, making them well-suited for roles in the evolving landscape of supply chain and logistics.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1bfc192 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"1bfc192\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-c0819d9\" data-id=\"c0819d9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-d96d1c0\" data-id=\"d96d1c0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e15f29f elementor-widget elementor-widget-text-editor\" data-id=\"e15f29f\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"i\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>A growing economy:<\/strong> In the last 5 years, India has grown to become the 5th largest economy in the world, and with it has come massive infrastructure and tremendous digitization. According to the IMF forecast, India is anticipated to become the third-largest economy by 2027. This trajectory highlights India&#8217;s potential as a significant economic force in the coming years. India has come out of the pandemic reasonably well, with GDP growth of 7.2% in fiscal year 2023 (ended March 2023). Expansion may cool to 6% in fiscal 2024 due to a global slowdown and the lagged effect of policy rate hikes by the Reserve Bank of India, according to S&amp;P Global, but even at this rate, India will be the fastest-growing economy in the G20.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-377462d elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"377462d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6ba156a\" data-id=\"6ba156a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7fb1284\" data-id=\"7fb1284\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9fc1551 elementor-widget elementor-widget-text-editor\" data-id=\"9fc1551\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"j\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>A wealth of raw materials:<\/strong> As the largest global producer of cotton, India is a major player in the textile sector, while its substantial contributions to the jute, wood, gemstone jewelry, and marble and stone industries further enhance its export capabilities. The country&#8217;s agro-climatic diversity supports the cultivation of spices and other natural materials like hemp, cork, grasses, banana, coconut, bolstering the production of organic products that are growing in popularity.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-31408fa elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"31408fa\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-a908bf6\" data-id=\"a908bf6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-e03c5cf\" data-id=\"e03c5cf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d3d1f68 elementor-widget elementor-widget-image\" data-id=\"d3d1f68\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"566\" height=\"711\" src=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/banana-barks-2-566x711.jpg\" class=\"attachment-large size-large wp-image-23056\" alt=\"Women artisan showing her handcrafted banana bark basket\" srcset=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/banana-barks-2-566x711.jpg 566w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/banana-barks-2-239x300.jpg 239w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/banana-barks-2-768x965.jpg 768w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/banana-barks-2.jpg 1019w\" sizes=\"(max-width: 566px) 100vw, 566px\" loading=\"eager\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-1d6afea\" data-id=\"1d6afea\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a91d454 elementor-widget elementor-widget-image\" data-id=\"a91d454\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"543\" height=\"711\" src=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/banana-barks-1-543x711.jpg\" class=\"attachment-large size-large wp-image-23055\" alt=\"Women artisans with their handcrafted banana bark baskets\" srcset=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/banana-barks-1-543x711.jpg 543w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/banana-barks-1-229x300.jpg 229w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/banana-barks-1-768x1005.jpg 768w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/banana-barks-1.jpg 978w\" sizes=\"(max-width: 543px) 100vw, 543px\" loading=\"eager\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">(Image credit: Qalara's partner producers)<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-36c9279\" data-id=\"36c9279\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4e9a478 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"4e9a478\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7554b03\" data-id=\"7554b03\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b6de151\" data-id=\"b6de151\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-929ddaa elementor-widget elementor-widget-text-editor\" data-id=\"929ddaa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Additionally, India&#8217;s mineral wealth plays a crucial role in metal and alloy exports. With a rich array of raw materials and a diverse geography, India stands as a strategic and versatile source for global exports, catering to a wide range of industries.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8718361 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"8718361\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3f1990d\" data-id=\"3f1990d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-994c464\" data-id=\"994c464\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a9313a1 elementor-widget elementor-widget-text-editor\" data-id=\"a9313a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Also read: <span style=\"color: #874439;\"><a style=\"color: #874439;\" href=\"https:\/\/www.qalara.com\/blog\/top-12-products-to-source-from-india\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><em>Top 12 products to source from India,<\/em><\/span><\/a>\u00a0<\/span><\/span><a href=\"https:\/\/www.qalara.com\/blog\/banana-craft-a-wholesome-tradition\/\" target=\"_blank\" rel=\"noopener\"><em><span style=\"text-decoration: underline; color: #874439;\">Banana craft: a wholesome Indian tradition<\/span><\/em><\/a><span style=\"color: #000000;\"> and,<\/span> <a href=\"https:\/\/www.qalara.com\/blog\/rattan-the-fiber-that-unites-asia\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #874439;\"><em><span style=\"text-decoration: underline;\">Rattan, the natural fiber that unites Asia<\/span><\/em><\/span><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cb1c32e elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"cb1c32e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-88abc91\" data-id=\"88abc91\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-f8e30b7\" data-id=\"f8e30b7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-55233c4 elementor-widget elementor-widget-text-editor\" data-id=\"55233c4\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"k\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d<\/span><\/strong><span style=\"color: #000000;\">\u00a0<strong>Artisanal meets mechanized:<\/strong> The synergy between traditional craftsmanship and technological advancements positions India as a unique player in the global manufacturing landscape, giving it a competitive edge that many other countries lack. Specializing in artisanal techniques like handweaving, inlay, wood carving, metal crafts, inlay, marquetry, embroidery, hand block printing, pottery and many others, India is able to tap into the global handicrafts market that is projected to reach US$550 billion by 2025.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f9dbbbf elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"f9dbbbf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-c694305\" data-id=\"c694305\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-3a13e00\" data-id=\"3a13e00\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fb65820 elementor-widget elementor-widget-image\" data-id=\"fb65820\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"903\" height=\"711\" src=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/handweaving-rangsutra4-903x711.jpg\" class=\"attachment-large size-large wp-image-23036\" alt=\"An artisan engaged in handweaving\" srcset=\"https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/handweaving-rangsutra4-903x711.jpg 903w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/handweaving-rangsutra4-300x236.jpg 300w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/handweaving-rangsutra4-768x604.jpg 768w, https:\/\/www.qalara.com\/blog\/wp-content\/uploads\/2024\/05\/handweaving-rangsutra4.jpg 1080w\" sizes=\"(max-width: 903px) 100vw, 903px\" loading=\"eager\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">(Image credit: Qalara's partner producers)<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-a5510ac\" data-id=\"a5510ac\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cdd49cc elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"cdd49cc\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-436144f\" data-id=\"436144f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-765767f\" data-id=\"765767f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-891ad77 elementor-widget elementor-widget-text-editor\" data-id=\"891ad77\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">India has 7 million artisans working in over 114 identified craft clusters as per the Ministry of Textiles, 2023, who contribute substantially to this thriving sector. Some of the biggest fashion houses and designers have worked with local Indian artisans creating iconic collections and styles that continue to be a talking point in the fashion world. Herm\u00e8s, Chanel&#8217;s M\u00e9tiers d&#8217;Art Collection and the recent Dior fall 2023 range are a case in point.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f5cce7 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"7f5cce7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-657231c\" data-id=\"657231c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-416e1cb\" data-id=\"416e1cb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19ee187 elementor-widget elementor-widget-text-editor\" data-id=\"19ee187\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Also read: <span style=\"text-decoration: underline; color: #874439;\"><a style=\"color: #874439;\" href=\"https:\/\/www.qalara.com\/blog\/from-shadows-to-spotlight-diors-tribute-to-indian-artisans\/\" target=\"_blank\" rel=\"noopener\"><em>Shadows to spotlight: Dior\u2019s tribute to Indian artisans<\/em><\/a><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b71198e elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"b71198e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-fcb286a\" data-id=\"fcb286a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-f8a0276\" data-id=\"f8a0276\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-76cd3ee elementor-widget elementor-widget-text-editor\" data-id=\"76cd3ee\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"l\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>Attractive incentives:<\/strong> The Indian government has introduced a range of incentives to promote manufacturing and boost exports. Under the Production-Linked Incentive (PLI) scheme, various sectors receive financial incentives to enhance their production capabilities. This initiative aims to attract investment, create job opportunities, and propel India&#8217;s manufacturing prowess on the global stage. These sector-specific schemes are yielding positive results. For instance, the mobile phone PLI scheme attracted investments of over \u20b940,000 crore (US$48 billion) in 2022-23, boosting domestic production.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ddec65c elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"ddec65c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-33be95f\" data-id=\"33be95f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-86f336d\" data-id=\"86f336d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-79d1559 elementor-widget elementor-widget-text-editor\" data-id=\"79d1559\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Additionally, the Export Credit Guarantee Corporation (ECGC) offers credit insurance and <\/span><span style=\"color: #000000;\">financial support to exporters, safeguarding them against risks and uncertainties associated with international trade. With schemes like Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS), the government provides financial benefits and incentives to exporters, encouraging them to explore new markets and expand their global footprint. These initiatives collectively contribute to the growth of India&#8217;s manufacturing sector and bolster the nation&#8217;s position in the global export landscape.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-56fdffc elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"56fdffc\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-c13623c\" data-id=\"c13623c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6d61e1f\" data-id=\"6d61e1f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db2354e elementor-widget elementor-widget-text-editor\" data-id=\"db2354e\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"m\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"color: #000000;\">\u2b1d <\/span><\/strong><span style=\"color: #000000;\"><strong>The geographic and cultural advantage:<\/strong> India, with its rich history spanning millennia, has played a pivotal role in shaping global trade and commerce. Beyond being a hub of spices and silks, gemstones and cotton, India&#8217;s design aesthetics have inspired leading brands for centuries. India&#8217;s historical significance in trade and commerce and timeless designs continue to resonate in the modern world.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a823486 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"a823486\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-21dd9aa\" data-id=\"21dd9aa\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-d5a4ccb\" data-id=\"d5a4ccb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-993a7ad elementor-widget elementor-widget-text-editor\" data-id=\"993a7ad\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Also read: <span style=\"text-decoration: underline; color: #874439;\"><a style=\"color: #874439;\" href=\"https:\/\/www.qalara.com\/blog\/crafting-indias-legacy-gi-handicrafts-from-north-india\/\" target=\"_blank\" rel=\"noopener\"><em>Crafting India&#8217;s legacy: GI handicrafts from North India<\/em><\/a><\/span> and <span style=\"text-decoration: underline; color: #874439;\"><a style=\"color: #874439;\" href=\"https:\/\/www.qalara.com\/blog\/gi-handicrafts-from-south-india-1\/\" target=\"_blank\" rel=\"noopener\"><em>Crafting India&#8217;s legacy: GI handicrafts from South India (I)<\/em><\/a><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6070094 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"6070094\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c5f29da\" data-id=\"c5f29da\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e10aa68 elementor-widget elementor-widget-spacer\" data-id=\"e10aa68\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-729152a elementor-widget elementor-widget-qi_addons_for_elementor_section_title\" data-id=\"729152a\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"3\" data-widget_type=\"qi_addons_for_elementor_section_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-section-title qodef-decoration--italic qodef-link--underline-draw qodef-subtitle-icon--left\">\n\t\t\t\t\t\t<h2 class=\"qodef-m-title\">\n\t\tConclusion\t<\/h2>\n\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4d31455 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"4d31455\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d6e8401\" data-id=\"d6e8401\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4175fbb elementor-widget elementor-widget-text-editor\" data-id=\"4175fbb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Our \u2018Next stop, India: The top choice for global sourcing beyond China\u2019 publication, slated to release in the last quarter of 2024, unravels India\u2019s unique potential to become a leader and strong \u2018China plus one\u2019 contender in global sourcing. Backed by data and insights, this first-of-its-kind publication from India analyses and forecasts global trends in retail and sourcing, bringing you a low-down on the evolving landscape of international trade. From the changing dynamics of supply chains to the emergence of India as a pivotal player, this upcoming publication dives deep into the intricacies of global commerce.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-73bc338 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"73bc338\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f29440e\" data-id=\"f29440e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8ff5aa1 elementor-widget elementor-widget-text-editor\" data-id=\"8ff5aa1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">This teaser publication explores India&#8217;s rising prominence as a global sourcing favorite. If you would like us to send you a free copy, drop us a line with your email id in the comments section below or shoot us a mail at <em>buyers@qalara.com.<\/em><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3cbe253 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"3cbe253\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bb87773\" data-id=\"bb87773\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-527572c elementor-widget elementor-widget-spacer\" data-id=\"527572c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2548974 elementor-widget elementor-widget-text-editor\" data-id=\"2548974\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: right;\"><span style=\"color: #000000;\">~ Written by <strong>Sheena Thomas<\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Read more about how and why India is emerging as the preferred \u2018plus one\u2019 destination for global sourcing for many businesses.<\/p>\n","protected":false},"author":10,"featured_media":23062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[210],"tags":[1736,1429,287,749,310,1734,581,343,282,814,815,334,931,813,1728,420,358,764,1726,285,336,1731,1730,579,1729,573,934,1732,250,1735,286,580,578,333,745,937,938,570,610,275,340,1733,1727,1411,443,1334],"class_list":["post-23009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-qalara-insider","tag-adidas","tag-apple","tag-artisanal","tag-b2b","tag-business","tag-crocs","tag-design-to-order","tag-durable","tag-eco-friendly","tag-entrepreneur","tag-entrepreneurs","tag-ethical","tag-fair","tag-fair-pay","tag-gap","tag-handcrafted","tag-handmade","tag-heritage","tag-ikea","tag-impact","tag-india","tag-levi","tag-levis","tag-make-to-order","tag-mango","tag-manufacturer","tag-market","tag-marks-spencer","tag-modern","tag-nike","tag-qalara","tag-ready-to-make","tag-ready-to-ship","tag-recycle","tag-reduce","tag-retail","tag-retailer","tag-retailers","tag-reuse","tag-sourcing","tag-sustainability","tag-tommy-hilfiger","tag-uniqlo","tag-walmart","tag-wholesale","tag-zara"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.qalara.com\/blog\/wp-json\/wp\/v2\/posts\/23009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.qalara.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.qalara.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.qalara.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.qalara.com\/blog\/wp-json\/wp\/v2\/comments?post=23009"}],"version-history":[{"count":35,"href":"https:\/\/www.qalara.com\/blog\/wp-json\/wp\/v2\/posts\/23009\/revisions"}],"predecessor-version":[{"id":23061,"href":"https:\/\/www.qalara.com\/blog\/wp-json\/wp\/v2\/posts\/23009\/revisions\/23061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.qalara.com\/blog\/wp-json\/wp\/v2\/media\/23062"}],"wp:attachment":[{"href":"https:\/\/www.qalara.com\/blog\/wp-json\/wp\/v2\/media?parent=23009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.qalara.com\/blog\/wp-json\/wp\/v2\/categories?post=23009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.qalara.com\/blog\/wp-json\/wp\/v2\/tags?post=23009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}