What is Source India 2023? - International Business Program

Updated: 10-Mar-2023
What is Source India 2023? - International Business Program

Source India 2023 is an upcoming event that is being organized by the Ministry of Commerce and Industry, Government of India. The event will be a platform for Indian manufacturers, exporters, and service providers to showcase their products and services to potential buyers from around the world. The event will be attended by buyers, importers, and investors from various countries that are looking to source products and services from India. It is expected that the event will attract more than 1,000 buyers from around the world. In this blog, we will discuss the source India 2023.

Know about Source India 2023

The Electronic Industries Association of India (ELCINA) launched Source India in 2009 to expedite the growth of the Indian electronics supply chain. ELCINA understands that a solid supply chain is the foundation of any engineering manufacturing firm. The Indian market presents numerous opportunities for the electronics industry. Source India is a one-of-a-kind B2B platform developed by the industry to boost the expansion of Indian electronics hardware production. Know about trade data of exports and imports.

Source India, which includes a Conference, Exhibition, and Buyer Seller Meet, adds value to all Big, Medium, and Small industries by providing a place for interaction for business development. It emphasizes possibilities, B2B meetings, and allowing the government to understand industry expectations, as well as knowledge and information sharing, particularly about helpful policies.

Source India 2023 attracts 100 foreign buyers from 30 countries

Source India 2023, the flagship reverse buyer-seller meet organized by the Federation of Indian Export Organizations, would attract over 100 foreign buyers from over 30 countries (FIEO).
Over 100 foreign buyers from 30+ countries are attending the show and meeting with over 125+ Indian enterprises exhibiting top Indian brands," the apex exporters' group said on Thursday. The three-day reverse buyer-seller meet will be conducted in New Delhi from March 9-11.
According to A Sakhtivel, president of FIEO, despite global challenges, Indian exports will increase by $100 billion over 2021-22. Also, get export-import trade data.
Ajay Sahai, DG & CEO of FIEO, stated that branding is critical for increasing specialty exports and protecting against price sensitivity, and he offered a branding strategy.

The government should develop a plan to promote India as a brand. "Product-specific councils/associations should promote the product as a brand like the Californian Almonds Association is doing for Californian Almonds," he said, adding that enterprises should establish their own brands, which may demand significant investment in order for liberal financing to be given.

Key objectives of Source India 2023

Source India 2023 will cover a wide range of sectors including engineering, textiles, chemicals, electronics, food processing, and many more. The event will have dedicated pavilions for each sector where exhibitors will showcase their products and services. The pavilions will be designed in such a way that they will provide a comprehensive overview of the products and services on offer. Also if you need buyers' and suppliers' data, you can visit EximPedia.app to analyze the recent and updated export import trade data or global trade data.

One of the key objectives of Source India 2023 is to promote the 'Make in India' initiative of the Government of India. The initiative aims to transform India into a global manufacturing hub by promoting the manufacturing sector in the country. Through this initiative, the government is encouraging Indian manufacturers to produce world-class products and services that can compete with international brands.

  • Source India 2023 provides a platform for Indian manufacturers to showcase their products and services to potential buyers from around the world. 
  • The event helps Indian manufacturers to understand the requirements of international buyers and to tailor their products and services accordingly. 
  • It provides an opportunity for international buyers to interact with Indian manufacturers and to understand the capabilities of the Indian manufacturing sector. 
  • The event helps international buyers to understand the regulatory environment in India and to identify the support that is available from the Indian government for foreign investors. 
  • Source India 2023 will provide an opportunity for Indian service providers to showcase their capabilities to potential buyers from around the world. 
  • Also, it will cover a wide range of services including IT services, financial services, healthcare services, and many more. 

All Key Segments of Source India Event
These are the top key segments of the Source India Event- 

  1. Raw Materials & Parts
  2. PCBs & Components – Active, Passive, Electromechanical, Mechanics
  3. Electronic Manufacturing Services
  4. Semiconductors Supply Chain
  5. Automobiles and EV
  6. Mobile Phones and Accessories
  7. Telecom and 5G
  8. Consumer Electronics
  9. LED & Lighting
  10. Industrial, Power, Medical Electronics
  11. Emerging Technologies, Smart Cities, AI, IIoT
  12. Security, Surveillance, Drones & Defence Electronics

One of the key benefits of Source India 2023 is that it will help to promote exports from India. India has a huge potential for exports, but there are many challenges that need to be addressed in order to realize this potential. The event will also provide an opportunity for Indian manufacturers and service providers to explore new markets and provide Buyers & Suppliers data. India has traditionally been a major exporter to the United States and Europe, but there is a huge potential for exports to other countries as well. The event will provide an opportunity for Indian manufacturers and service providers to explore new markets and identify potential buyers from these markets.

How to get Buyers and Suppliers' Data?

In addition to showcasing products and services, Source India 2023 will also include a series of seminars and workshops on various topics related to international trade. These seminars and workshops will cover topics such as export regulations, logistics, financing, and marketing. The seminars and workshops will be conducted by experts in their respective fields and will provide valuable insights into the various aspects of international trade. If you need buyers' and suppliers' data for specific products, EximPedia.app is the best platform to analyze the Buyer's & Suppliers' data. We also provide export and import trade data, India trade data, and much more. If you require any type of guidance related to import and export data, our professionals are always ready to provide the best services to grow your business internationally.


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