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Chennai:
Japanese quality at Chinese prices but made in India is
being adopted as the redo of the 50-member strong delegation
of Indian auto industry during the SAE World Congress
2006. The four-day event starts on April 3, 2006, at Detroit,
the hub and heart of the US auto industry.
Speaking
on the Indian contingent''s business agenda M S Kumar,
senior vice president, SAE India, and the leader of the
Indian delegation, said, "India''s strength in product
design and manufacture of components to world class standards
at low costs is attracting global majors to establish
a foothold in India. Abundant availability of qualified
engineers in mechanical, electrical, IT, and electronics
and respect for intellectual property rights are
making India more and more attractive."
At
this year''s congress, three Indians will be conferred
the SAE International Fellowship, the highest award for
their outstanding contribution to the automotive industry.
They are Dr V Ganesan, IIT Chennai, Dr M K G Babu, IIT,
Delhi and Dr V Sumantran, former executive director, Tata
Motors.
According
to Kumar, India''s automotive exports are projected to
grow by over 30 per cent to touch 0.85 million units in
2005-06 up from 0.6 million in 2004-05 and slated to grow
faster in the coming years. The export growth of components
has been even more spectacular. In value terms, auto component
exports are now expected to touch $2.6 billion in 2006-07,
recording more than 100 per cent growth from the $1.2
billion in 2004-05.
The ensuring event offers the Indian auto industry an
opportunity to netwok and collaborate with the global
automotive suppliers for products, designs and development
and manufacture in India. Interestingly, the theme of
this event is: `Driving Innovation through Partnerships''.
This
year''s congress will feature the largest exhibitor list
from India
till date 18 companies including Kalyani Forge,
Lucas-TVS, Rico Auto, Sundaram Industries, Wheels India
and ACMA.
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