MFG.com enters Indian market to empower manufacturing sector
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Bangalore: MFG.com, the global sourcing marketplace for manufacturers seeking custom parts, standard components, assemblies and textiles, entered the Indian manufacturing sector with the launch of its Indian operations. According to the company, it is planning to transform the 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. It is to be mentioned that MFG.com presently operates in the Americas, Europe and Asia Pacific in 7 languages and 10 currencies with offices in Atlanta, Geneva, Paris, Munich, Shanghai and the most recently set up Bangalore office location. Mitch Free, MFG.com Founder, Chairman and CEO said that, "Exports of auto components are estimated to reach around $20 billion- $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." He added that, "India with all the requisite skills in product, process and quality is closely competing with other manufacturing hubs including China, Taiwan etc. and is fast emerging as a global manufacturing hub. MFG.com will further enable Indian enterprises to compete globally by offering them a platform that connects them directly with global entities looking for quality manufacturing." With an initial investment plan of $7-$10 million for the next five years in India, MFG.com's operations in the region will also help support the markets of Sri Lanka, Bangladesh and other surrounding countries.

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