Jaipur based Ridhi Sidhi Exports has very recently added Turkey market to its market portfolio and is now exploring Brazil and South America. This eight years old company with a capacity of producing 20,000 pieces of ladies garments per month used to export to Japan and UK offering FOB from US $ 6 to 20, before expanding into Turkey. “In June we have delivered a reasonable size shipment to a Turkey based buyer who besides being a wholesaler is also having its own stores. We are hopeful to get repeat orders from them. As price is comparatively better in Turkey and there is enough opportunities in the country, we will focus more on this market,” informed Lokesh Badaya, Partner, of the company.
To enter the South American market and Brazil in particular, the company will be participating in sourcing fairs of the region. “As market competition is increasing and price pressure is now a common thing, new markets seem a good option to ensure long-term growth along with providing best services to existing buyers base,” concludes Lokesh.
