India – Profile of an emerging giant :

India is the world’s largest democracy and is rapidly growing to become an economic giant. Some facts about India are -

• India is amongst the top 10 economies of the world.
• A vast manufacturing base including aircrafts, locomotives, ships, power ,steel, chemicals, automobiles, etc. with efficient supply chain management that has managed to keep the costs competitive.
• Top destination in the world for low cost and high value services.
• A free market society with advanced legal, financial systems.

India is emerging as the world’s largest low cost and high quality manufacturing base. The US and European companies are shifting their manufacturing base and are also looking at options to set up their operations here. Many of these companies are also looking at sourcing parts; components etc. from Indian suppliers and are in the process of developing vendor base in India.

Synise Technologies Ltd., (STL) - India’s leading Procurement Service Provider (PSP)

Synise is a part of the US $ 1.25 billion Kalyani group, one of the leading industrial houses in India. Synise has been in the business of Sourcing, Running Cost reduction Programs, Vendor Development etc. for last few years.
Synise is backed by the expert support and guidance from a giant company like Bharat Forge Limited with export revenue of Rs. 6555 million.

Synise has following capabilities :

• Huge Data base of vendors from the engineering segment.
• A pool of engineers with procurement background taking total experience in procurement adding to 115 years.
• Price negotiation skills. We have handled buys worth Rs. 2103.03 mn for our clients in last 5 years giving them an average 10% saving.
• Ability to handle logistics & export.
• Understanding of enquiries techno-commercially.
• Ability to respond to these enquiries quickly.
• Expertise in exports related formalities.