Register to Subscribe

Home arrow News arrow Auto component arrow Canada's Automotive Parts Manufacturing Industry invites India Inc to partner
Canada's Automotive Parts Manufacturing Industry invites India Inc to partner Print E-mail
Written by Anand   
Friday, 18 January 2008

CII Partnership Summit

Gurgaon: "India has the potential to be a global automotive power. However, concerted efforts will be required to take auto manufacturing to a self-sustaining level, where the sector shall have volumes, generate requisite technology and meet evolving emission requirements." mentioned Mr Pawan Kant Munjal, Past Chairman, CII Northern Region & Managing Director & CEO, Hero Honda Motors Ltd. He was delivering the Keynote Address at the special session on Auto Sector: Partnerships for Growth, of the Partnership Summit 2008, being organized by Confederation of Indian Industry.

Manufacturing Facilities need to move out of Urban Centers: MD, HSIIDC

Mr Munjal mentioned that spurred by a huge demand due to increasing purchasing power, new product launches, coupled with attractive finance schemes and booming exports, the Indian automobile industry has been growing at a frenetic pace. A balanced and coordinated approach needs to be undertaken for proper maintenance, upgradation and development of roads by encouraging private sector participation besides public investment and incorporating latest technologies and management practices to take care of increase in vehicular traffic, he further added.

Highlighting the Government of Haryana's commitment to make growth sustainable and facilitate equitable distribution of benefits across all sections of society, Mr Rajeev Arora, Managing Director, HSIIDC mentioned that National Automotive Testing and R&D Infrastructure Project (NATRIP) is setting up a full fledged testing, certification and homologation center in IMT Manesar, which has been identified as a major auto cluster in North India in the Automotive Plan 2006-16. NATRIP will also be setting up Centres of excellence in Manesar in the areas of Auto Components and Noise, Vibration & Harshness. Inviting the Industry to semi & rural other parts of Haryana, Mr Arora mentioned that the Government of Haryana is promoting industrial infrastructure through various Industrial Parks, townships, estates in Bahadurgarh, Rohtak, Kundli and Karnal etc. Manufacturing facilities need to move out of urban centres to other industrial places that are closer to NCR, he added.

Advising the Auto companies to open Training Centres for Skill Development, he mentioned that lack of technically qualified workforce, capacity building of the workforce, road infrastructure including road network and parking, road safety, environment friendly technologies and ever increasing road traffic are the concerns that need urgent attention and are foreseen by the Government.

Inviting Indian Industry to partner with the Canadian Auto Parts manufacturing industry, Mr Gerry Fedchun, President, Automotive Parts Manufactures' Association mentioned that he is leading a 15 member delegation to India that is interested in collaborating with Indian Industry for education, technical services. The various options of collaborating could be new Joint ventures, Acquisitions, Equity Swap, Investments, License agreements, etc. We need to have partnerships whose progress benefits everyone, he further mentioned.

Mr Sharad Verma, Partner (Auto Practice), Boston Consulting Group stressing upon the theme of the Partnership Summit 2008, mentioned that there are ample growth opportunities available but only partnerships and alliances across the world can ensure a growth that remains profitable. Alliances can act as levers to overcome the two fundamental forces acting upon the auto sector, significant growth and domestic demand.

Mr Deep Kapuria, Chairman, CII (Northern Region) & Chairman & Managing Director Hi-Tech Gears Ltd, while welcoming the delegates mentioned that Indian Auto sector is an essential part of the economy and is contributing significantly to country's sustainability and inclusiveness through adopting ITIs etc. Talking about the value add in India, Tata's Nano, he mentioned that it is time for India to engage with the global supply chain.

Mr Sanjay Labroo, President, ACMA & MD & CEO, Asahi India Glass Ltd while concluding the session mentioned that inclusiveness is not just a social concern any more but has become a business necessity. He mentioned that we need to make sure that everyone is benefited through the boom of economic growth in India.

Related news
More recent
Earlier on
< Prev   Next >


Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions





Subscribe to MACHINIST by Email


RSS 1.0
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768