A) For Import Sourcing:
As we were researching the business style we should adopt to give the best of service to our customers, our research and experience made us decide to take different approach methods for different regions of sourcing. This is applicable for catering of the machinery, equipment and products from different countries for the Bangladesh market.
Taiwan and China:
We found that Taiwan and China has endless supply of manufacturers of machinery, equipment and products. It is very difficult to deal with so many different manufacturers. It is time consuming and not cost effective at all.
So we have chosen a Taiwanese-Chinese company (whom we know since 2004 through one of our sister concerns) who are doing international business for decades. We have taken them as our Taiwan-China sourcing partner. The company has its own staffs of electrical, mechanical and chemical engineering.
A brief of Taiwanese-Chinese trading partner of NFTL:
1990: The Taiwan Company started its operation.
2000: Yearly turnover turned to USD 20mil.
2001: Chinese company incorporated and office established in Guangzhou, China.
2004: Started doing business with one of NEO Fusion Tech Ltd.’s sister concerns in Bangladesh.
2008: Shanghai, China office was established.
2017: Joined hands with NEO Fusion Tech Ltd. to work as a trading business partner for Bangladesh
market, to source machinery, equipment and products from Taiwan and China.
NFTL joined hands with the Taiwanese-Chinese company for all sorts of machinery, equipment and products sourcing from Taiwan and China. This gives following advantages to customers of NFTL:
- NFTL can source anything from any company in Taiwan and China.
- Our Taiwanese-Chinese partner will do the due diligence of the manufacturers. Moreover we have many ready manufacturers in hand now, whom our Taiwanese-Chinese partner has been dealing for years.
- We can cut short of business communication time required to mature a business.
- Our business communication becomes stronger with the manufacturers.
- Extremely cost effective not only in initial supply to customers but for years long service that
- We will be providing the customers.
South Korea:
As NFTL is a Joint-Venture trading company between South Korea and Bangladesh, we have our own office in Korea and our Korean partner is in charge. All sourcing is researched through our Korean office but eventually all sourcing is done by NFTL directly from the manufacturers.
Europe:
NFTL deals and sources directly from the manufacturers.
Canada and USA:
We have own contact in Canada and one of our directors is in charge. He covers the USA as well. All sourcing is market researched and done through him, though NFTL eventually deals directly with the manufacturers in Canada and USA.
Africa:
NFTL deals and sources directly from the manufacturers.
India:
NFTL deals and sources directly from the manufacturers.
Indonesia:
NFTL deals and sources directly from the manufacturers and through an Indonesian sourcing agent.
Other Regions:
NFTL deals and sources directly from the manufacturers.
B) For Export:
As for export, NFTL uses all its resources to find the right buyer in the right country for a successful business transaction. NFTL can make arrangement for you to export directly to buyer where NFTL works as your export agent. We can also buy from you and export your product directly to buyer.