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News >> Enterprise >>
MGF.com to invest $10 Million in next 5 years in India
Mumbai: With India becoming one of the major manufacturing hubs, U.S. based online portal MGF.com plans to tap this opportunity by providing a common trading platform for mid-size Indian manufacturing companies.
"India will be the next manufacturing hub after China as the latter is becoming costlier. We want to tap both the manufacturers and suppliers. We will be investing USD 10-million in the next five years in India," said Mitch Free, MGF.com's Founder and CEO to PTI.
The company has opened an office in Bangalore last month and plans to invest $10 million (
45 crore) over the next five years in technology, back-end operations and adding more workforces. The company also planned to recruit over 100 professionals in sales and marketing over the next 18-months.
Headquartered in Atlanta, MGF.com, offers a faster, easier, efficient and cost-effective model to source manufacturing products compared to online directories and trade shows. It also helps buyers and suppliers witness the prevailing trends of demand and supply in their relevant sectors on a day-to-day basis.
45 crore) over the next five years in technology, back-end operations and adding more workforces. The company also planned to recruit over 100 professionals in sales and marketing over the next 18-months.
Headquartered in Atlanta, MGF.com, offers a faster, easier, efficient and cost-effective model to source manufacturing products compared to online directories and trade shows. It also helps buyers and suppliers witness the prevailing trends of demand and supply in their relevant sectors on a day-to-day basis.