With the objective to enhance component exports globally, Automotive Component Manufacturers Association (ACMA), the apex body representing the interest of the Indian auto component manufacturers, with support of Ministry of Commerce, Government of India, has organised the first-ever iAutoConnect 2016 an International Reverse Buyers-Sellers Meet in Gurgaon.
The meet had participation from over 145 international auto component aftermarket distributors from 45 countries such as Iran, Africa, Central & Eastern Europe (CEE), CIS, ASEAN, West Asia, Japan, and North America. The exhibits by over 180 Indian manufacturers gave the visiting international delegates an insight into the rapidly growing capabilities of the domestic Automotive Component Industry.
Over the years India has evolved as a global automotive hub for vehicle and auto component manufacturing. In-line with Government of India’s vision of ‘Make in India’, the event congregated international delegations and Indian Component Manufacturers under one roof putting the spotlight on innovative products and technologies to build strong trade relationships between auto component industry of India and overseas markets. Last year the Indian auto component industry exported USD 10.8 billion worth of components, a third of its production, to over 165 countries across the globe.
On the occasion, Chief Guest Mr. Pravin Agrawal Director, Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises, Government of India said, “The Government has identified auto-components as a key thrust area for exports. We have been supporting the industry in its export efforts and are willing to partner with it in creating a credible image for the components manufacturing sector. Our Ministry has therefore supported ACMA in its study of the global aftermarket and we are pleased that iAutoConnect is a follow through to the study”.
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