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USA buyers moving from China to India – global market update

In the midst of the US-China trade war, Trump has been trying to move US companies’ production out of China. Recently the US-India Strategic Partnership Forum (USISPF) said “Around 200 US companies are seeking to move their manufacturing base from China to India. Doing so would prove particularly disruptive for America’s industrial and technology heavyweights that rely on the Chinese manufacturing base as critical parts of their supply chains”.

If we look at toymaker Hasbro, which sees great opportunities in Vietnam, India and other territories like Mexico as Hasbro CEO Brian Goldner told.

The US tariffs on China resulted in India gaining $755 million in additional exports to the US in the first half of 2019 by selling more chemicals ($243 million), metals and ore ($181 million), electrical machinery ($83 million) and various machinery ($68 million) as well as increased exports in areas such as agri-food, furniture, office machinery, precision instruments, textiles and apparel, and transport equipment, UNCTAD said.

Why USA buyers choose India

It is predicted that India will jump six ranks to No. 5 in the 2020 Predicted Manufacturing Competitiveness. The labour cost is very high in the US as compared to India. If we consider China labour cost is almost double as compared to India. India is the biggest opportunistic place with low production and operating cost with a huge abundance of labours. India is very good at exporting handicraft, Mineral fuels including oil, Gems, precious metals, Machinery including computers, Vehicles, Organic chemicals, Pharmaceuticals, Electrical machinery, equipment, Iron, steel, Cotton, Clothing, and accessories. Looking at the figures and statistics, India could be the next manufacturing hub of the world.

B2B eCommerce connecting global traders

The key to success in a changing economic environment is communication. Communication keeps you in touch with your customers, as well as new regulations imposed by countries in an ever-changing global economic landscape. B2B eCommerce plays a very important role in connecting traders, local manufacturers, to complete the production ecosystem. Beldara eCommerce platform is one such platform that connects nation businessmen to grow their businesses. It is the place which provides an end to end solution for trading.

Beldara as a big B2B eCommerce giant

Beldara is the B2B marketplace that connects sellers and wholesale buyers to grow their business. Here the manufacturers connect with the potential international buyers to whom they sell the best quality products in bulk. On the other hand, buyers create an auction or post their requirements for the desired product.

Creating an auction helps buyers to get their products at the market price in less span of time with the best quality. As you are able to connect with them through live chatting. The platform enhances the communication between them and boosts their business at ease.

Conclusion

US-China trade is slowing down due to which other market options are open. Indian market is preferable than China market to US suppliers and buyers. India is open to grasp this opportunity to give a big platform to all those Indian manufacturers who deserve the growth and wealth. Where Beldara gives strength to all those businesses and makes manufacturers a powerful tool. The world is open for India and the Indian market is open for the global market update. India is ready with its manufacturer who is waiting for trading and would like to connect with international buyers.

To buy products at Best wholesale rates, create E-auction on Beldara

To sell your products worldwide, create beldara seller account

To know more, you may visit E-commerce rescues the Trade war conflicts.

The post USA buyers moving from China to India – global market update appeared first on Beldara B2B blogs for online business tips, ideas, trends & plans.



This post first appeared on Business To Business (B2B) Marketplace, please read the originial post: here

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USA buyers moving from China to India – global market update

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