Home furnishings and interior solutions firm Danube Home intends to source more from India amid an enabling environment that it says is emerging in the country as well as on account of the cost benefits.
India’s share in the $250 million annual global sourcing by Danube is likely to increase from about 10% at present to 25-30% next year.
Sourcing from India meant comparatively lesser shipping time – 2-3 days as against 3-4 weeks from China – besides lower freight charges. While it costs $3,200 to ship a 40-feet container from China to Dubai, the charges are $1,200 from Mumbai to Dubai or 60% lower, he said. Making the move more attractive is the zero duty on the imports following the Comprehensive Economic Partnership Agreement between India and the United Arab Emirates (UAE).
