South Asia: The manufacturing powerhouse of the future

South Asia is becoming the new powerhouse with high growth rates and low labor costs.

Glovendor’s South Asia Procurement Network

300+

Product & Shipping Vendors across 6 Verticals

25+

Sourcing Agents across 4 Countries

97%

Project Success Rate

Top Destinations

Pakistan

India

Bangladesh

Sri Lanka

Overview

As the largest country of South Asia, India exports $146 billion worth of goods to the United States. Bangladesh’s garment industry has witnessed a decade of growth. Pakistan’s industrial sector accounts for 28.11% of the economy which includes key manufacturing hubs specializing in leather, textiles, sporting goods, and surgical instruments.

Trends

India’s manufacturing sector continues to grow with government and foreign investment.

US companies continue to relocate their manufacturing to India.

Bangladesh remains one of the top choices for textiles in the world.

Pakistan’s depreciating currency makes manufacturing even more affordable.

Benefits

Significantly lower labor costs than China

Huge savings with large order quantities

A lot of foreign investment in manufacturing particularly in India

Highly specialized manufacturers in niches like sporting goods, surgical instruments, pharmaceuticals, and textiles

Risks

Factories only work on higher quantity orders

Supply chain network not as professional

Hard to vet suppliers, increasing likelihood of fraud

Not specialized in all products like China

Top Products

Surgical Instruments

Pharmaceuticals

Packaging

Textiles

Leather

Food & Beverage

Metals & Gemstones

Sporting Goods

Verdict

South Asia is the most economical option if you have large order quantities and the right supplier. It is one of the best alternatives to China and a top choice to pursue in sporting goods, textiles, leather, surgical instruments and pharmaceuticals.

Blog

What makes Sialkot, Pakistan one of the best sourcing destinations for surgical products

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How to find the right manufacturing partner?

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Move your supply chain to South Asia today!