MFG.com, the largest global sourcing marketplace for manufacturers seeking custom parts, standard components, assemblies and textiles, announced its foray into the Indian manufacturing sector with the launch of its Indian operations. Headquartered in Atlanta, Georgia, MFG.com was founded in 2000 and has over 4,00,000 members worldwide.
MFG.com aims to transform the world of manufacturing sourcing into a single, on-demand service, enabling products to be sourced and built more easily, quickly, and at higher levels of quality and profitability. MFG.com provides an intelligent platform to connect manufacturers and suppliers with the right expertise, capacity and credentials at the right time, thereby driving efficiencies at all levels of the online sourcing process, from RFQ (request for quote) creation and manufacturer-supplier collaboration to supplier selection.
At present, MFG.com operates in the Americas, Europe and Asia Pacific in seven languages and 10 currencies with offices in Atlanta, Geneva, Paris, Munich, Shanghai and Bangalore. Chennai has a well-entrenched base of manufacturers who have started to build a global reputation for quality manufacturing processes. The launch of MFG.com in India will enable these auto component and engineering product manufacturers to compete on a global platform and actively trade with buyers across the world, thus growing exports and contributing significantly to India?s foreign exchange revenue.
According to the Investment Commission of India, the Indian manufacturing sector is estimated to have a $180-billion investment opportunity over the next five years.
According to MFG.com founder, chairman & CEO Mitch Free, ?Exports of auto components are estimated to reach around $20 billion to $22 billion by 2015-16. In addition, Indian textile and apparel exports are expected to register a four-fold increase to touch $90-100 billion in the next 25 years.?