Maier and Vidorno

Why Consider Sourcing from India?

Client Speak
LI Ping HR Director / BHS Corrugated Machinery(Shanghai) Co.Ltd

Strong support in recruitment
M+V is very professional in India HR market. They were able to provide us with strong support in our recruitment. We are satisfied with their service.

Falk Tzchichholz Sales Manager Export / Kjellberg Vertrieb GmbH

Incubation solution
With the incubation solution from Maier + Vidorno , we successfully placed our products in the Indian market and established valuable product market presence, which we can now build on further with our subsidiary

Andreas Dauerbock Quality Assurance / Voestalpine Grobblech GmbH

BIS registration project
The BIS registration project went smooth and efficient. We are very satisfied with the way the documentation, communication and inspection on-site was handled from the Maier+ Vidorno Team. We are happy to recommend working with M+V in India – with the expert’s advice you will need.

Rajesh Nath Managing Director / VDMA India Services Pvt Ltd German Engineering Association

Competent Partner
India has great investment potential for foreign companies if you manage the highly complex business environment professionally. Our experience shows – Maier+Vidorno is a competent partner to efficiently set up and run business.

Bjoern Becker Export Sales / Jumo GmbH & Co KG

Market Presence and Profitability
The cooperation of JUMO and Maier+Vidorno is a success story in India since 2008. Our sales, market presence and profitability in India shows constant growth. M+V knows about the challenges foreign companies face while doing business in India – and provides hands-on solutions.

Rene Pluss CFO, Member of the Board / Regent Beleuchtungskorper AG

Business Diagnostic and Implement Improvement
Maier+Vidorno understands business challenges in the Indian business environment and provides solutions with the help of its experts. M+V has experience in running business diagnostics and implement improvement and expansion strategies in various industries in India.

    Why sourcing from India

    In the last two years, we have seen a lot of disruptions in the global economy especially due to the coronavirus pandemic which also severely impacted the international supply chains. The situation is starting to improve but seems by far not over. The global supply chains are reshaping, providing a window of opportunity to India. Most of the global companies are looking for an alternative sourcing destination to China and are eyeing at India for the same.

    Amazon’s announcement to invest over USD 6 billion in their infrastructure in India, Walmart’s entry into the e-commerce market in India, First Solar’s announcement to invest USD 645.7 million in India are all signs of positive development in the country. Besides that India is the 6th largest manufacturer of cars, the biggest of Two-Wheelers and Farmtractors.

    India can be the next big global supplier

    As the world’s largest democracy and fast-growing economy, India has a lot to offer. It is positioning itself as an attractive sourcing destination in the past couple of years. Many giant players have already shifted their sourcing to India and are benefitting from the same.

    In FY21, India received a total foreign direct investment (FDI) inflow of USD 81.72 billion. Furthermore, in the first two quarters of 2021, India has received FDI of USD 30 billion, which is a whopping 15% increase over the same period last year.

    Government Initiatives have a positive impact

    The Government is also taking initiatives to promote manufacturing in India so as to meet the global demand. In July 2021, Government has launched six technology innovation platforms to develop technologies faster thereby boosting manufacturing sector in India to compete globally. Government initiatives such as ‘Make in India’, ‘Atmanirbhar Bharat’, Production Linked Incentive Schemes, etc. also aim at developing local capacities for sourcing in India.

    What makes India an attractive sourcing destination?

    Sourcing in India has gained an upsurge in recent times. Easy availability of raw materials, availability of young manpower, cheap labour cost, skilled workforce, abundant resources, an improving infrastructure, advanced technologies, plenty of engineering colleges and universities and supportive government policies boost sourcing in India.

    Key advantages that India possesses as a sourcing destination

    Low Labour Costs

    One of India’s biggest strengths is its cost-effectiveness. The labour cost is cheaper in India when compared to other competing nations. Therefore, many companies from Europe and the USA are now turning to India as their sourcing destination in order to lower their costs. And, lower costs directly mean a high return on investment.

    Prosperous Export Industry

    Owing to the liberalization of numerous Indian trade laws and policies as well as government support to promote exports, the volume of India’s exports has grown manifold. As per the statistics, India’s exports stood at USD 291.80 billion in FY 2020-21. Moreover, exports from India rose 22.63% year-on-year to USD 33.79 billion in September 2021.

    Domestic Availability of Raw Materials

    A wide range of raw materials right from cotton to silk, jute, metal, wood, marble, bamboo and others are readily available in India. In fact, India is the largest producer of a lot of raw materials. Furthermore, India is rich in natural resources. This makes it easy and cost-effective for companies to source from India.

    Advanced Infrastructure and Latest Technology

    India is one of the fastest-growing economies in the world. It primarily focuses besides on the IT sector on manufacturing, deploying the latest technologies and advanced infrastructure. Besides, companies in India invest heavily in training the workforce on the latest technologies to ensure their employees are at the top of their game all the time. This helps Indian firms cater to the demanding needs of global businesses.

    Stable Government and Supportive Policies

    India is economically and politically known as a stable country. The policies of the Indian Government are highly supportive and favourable for small and medium size industries.

    End Note

    For the above-mentioned reasons, India ranks nowadays amongst the leading destinations for sourcing and procurement services. However, it is crucial to select the right sourcing partner in India that can help you mitigate the risks in the supply chain and provide the best experience for your business in India.
    M+V can be your ideal sourcing partner in India. Drop us an email for more information on how we can help you.