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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