Wednesday 24 October 2012

Developments in Indian Auto Component Industry

New Delhi:(Page3 News Network)-Ministry of Commerce & Industry, Government of India in association with the Confederation of Indian Industry (CII) and the Embassy of India, Beijing is organizing the “India Show” concurrently with 6th China International Auto parts Expo from 26-28 October, 2012 in Beijing. 
The event is supported by the India Brand Equity Foundation (IBEF), Auto Component Manufacturers’ Association (ACMA) of India, China Chamber of Commerce for Import and Export for Machinery and Electronic Products (CCCME), Trade Development Bureau of Ministry of Commerce of the People's Republic of China and Genertec. 
“India Show” in Beijing assumes greater significance in the context of enhanced economic and strategic cooperation between the two nations. The Show would set the tone for strengthening the bilateral economic and trade cooperation between the two countries. The event is organized during this year which has been announced as the "Year of India-China Friendship and Cooperation", pledging to push the Sino-Indian strategic cooperative partnership to a new level. 
As part of India Show, CII will be leading a high-powered 19 member CEOs/ Business delegation led by Mr S Gopalakrishnan, President Designate CII & Executive Co-Chairman Infosys Technologies Ltd from 25-26 October 2012. During their visit, the delegation will call on senior Chinese Government leaders and discuss on new areas for collaboration for enhancing trade and investment between the two countries. In 2011, bilateral trade stood at around $74 billion and the leaders from both the countries have set a trade target of $100 billion by 2015. 
More than 80 companies are participating in the three day exhibition. The India Pavilion will showcase the wide variety of top class Indian auto parts relating to engine, body and chassis systems, high technology equipment and parts, innovative hybrid energy parts etc along with maintenance and tuning equipment and general components. The Expo will be a platform to explore multiple collaboration opportunities and share the progressive and future-ready component industry of India. 
India’s presence in China has also increased over the years. However, for a synergistic bilateral economic engagement, there is need for Indian companies to tap the opportunities in the Chinese market more closely and to take advantage of its environment. Similarly, with Chinese automobile companies expressing keen interest in Indian market, this show will provide an opportunity for them to explore new collaboration opportunities with the leading Indian auto parts companies in the development of their supply chain. 
CII is also organizing the India China Business Seminar on 26th October 2012 coinciding with the inauguration of India Show. Leading Indian companies like Tata, Aditya Birla, Reliance Industries, Infosys, Mahindra, Larsen & Toubro, NIIT etc will be participating and will provide a good opportunity for the local companies to interact with them and explore new areas of cooperation. 
During the inaugural session, the CII – Embassy of India, Beijing book on “Retracing the Path to Prosperity – Lessons from India-China Business Partnership” will be released which will showcase the contributions by Indian companies invested in China. The book will also be a good reference for the potential investors to understand the strategies adopted by the successful Indian Corporates in China. 
Further, as part of the “India Show” an Indian wine festival is being organized by Agricultural & Processed Food Products Export Development Authority (APEDA) and an Indian Cultural and Dance Performance by Indian Council for Cultural Relations (ICCR). 
The Ministry of Commerce & Industry, Government of India and CII attaches great importance to this show in enhancing the ties between two emerging economies and also in building “Brand India” in China. 

You May Also Like


Popular Posts