Director General & CEO
 

FIEO/MRD/6(38)/2010

July 8, 2010

Dear Sir,

“India Sourcing Fair”

November 22-24, 2010, Singapore

 
I am happy to inform you that FIEO would be participating in “India Sourcing Fair”, which will be held during November 22-24, 2010 at SuntechInternational Convention & Exhibition Centre, Singapore, co-located with China Sourcing Fair being organized by Global Sources, a Nasdaq listed company having more than 38 years of experience in trade promotion. It will be the first edition of the fair which is expected to receive good number of professional buyers. The details of the fair are as follows:

Date     : November 22-24, 2010

Venue   : Suntech International Convention & Exhibition Centre, Singapore

Timings : 9.30 am – 6.00 pm

Sale       : Not allowed in the fair. The fair is open to trade buyers only.

Booth Cost: Built up booth of 9 sqm @ Rs 1,00,000/- + 10.3% Service Tax. THIS
                IS THE SUBSIDIZED COST OF THE BOOTH. NO OTHER SUBSIDY/
                GRANT WILL BE APPLICABLE/ AVAILABLE.

The booth will include Fascia with Company name; Panel walls (2.5m H); Two chairs; One table; Display shelves (3m L); One information counter, Onelockable cabinet; One waste basket; Three 100w armed spotlights; One power socket; Carpeted floor.

Singapore is one of the world's most advanced economies with strong international trading links (its port is one of the busiest ports in the world in terms of tonnage handled) and with per capita GDP equal to that of the leading nations of Western Europe. Singapore is located at South Eastern Asia between Malaysia and Indonesia and is a major trading hub.

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports. Real GDP growth averaged 7% between 2004 and 2007, but dropped to 1.1% in 2008 as a result of the global financial crisis.

Some of the salient points are as follows:

Ø India signed a Comprehensive Economic Cooperation Agreement with Singapore in 2006.

Ø India signed a Free Trade Agreement (FTA) with the ASEAN members, according to which, ASEAN member countries and India will lift import tariffs on more than 80 per cent of traded products between 2013 and 2016.

Ø ASEAN market will cover 550 million of consumers (US – 380 million & EU – 300+ million)

Ø The ASEAN  is India's  fourth-largest  trading  partner  after  the  EU, US and China.

Ø In 2008-09 India's exports to ASEAN totaled US$ 19.14 billion, an increase of 16.62 per cent. During April-December 2009, India exported goods worth US$ 12.82 billion to ASEAN.

Ø Singapore was the largest importer in ASEAN importing goods worth USD 8.4 billion from India in 2008-09.

Ø Beyond its role as a gateway, Singapore is one of the most highly developed and sophisticated industrial, commercial, financial, and consumer economies in the world.

Ø The Unique geographical location, convenient transportation connections, first class exhibition facilities, business services, combined with large number of tourist attraction and leisure venues making Singapore’s obvious advantages in business travel.

Ø Body Shop, Cartier, Ikea, Carrefour, Toysrus, Top Shop, Gap, Osim, Zara, Prgeone, Nike, Chanel, Sony, Spot Light, Louis Vuitton, Swarovski, Isetan, Takashimaya, Mont Blanc, The  North Face, Spotlight, Samsung, Wedgwood are some of the known sourcing companies in Singapore.

Ø Perfect timing to make up the possible slow business in US and EU markets

PRODUCT CATEGORIES

Ø Home Products

Ø Gift & Premiums

Ø Hardware Products

Ø Machinery & Industrial Supplies

Ø Food & Beverage

Ø Men and Women Garments