| Topic : Economic outlook for manufacturing sector in 2010 |
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Global Automotive Forum
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Activity:
4 comments
676 views
last activity : 07 06 2010 20:18:04 +0000
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The automobile sector is expected to grow at a CAGR of 12-15% over next 3-4 years. India becoming small car export hub as automakers rushes to set up factories. The government has said it would build infrastructure and simplify foreign investment rules to attract at least $35 billion (euro25.4 billion) in new investments in the auto sector through the decade ending 2016. It also plans to lower taxes, especially for companies exporting and manufacturing small cars.
This is, obviously, an opportunity as more and more international companies move into India. However, the threats of offshore industry are China, which is likely to emerge as a competitor for India. China has demonstrated its capabilities as an offshore destination for manufacturing of automotives, cellular phones and consumer durables.
The challenge faced by Indian companies operating in the engineering service market is trained talent in the sector.
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Extremely Thought provoking........ Excellent views! |
India with its strength in outsourcing business and a relative stronger position in Automobile, Hi-tech telecom and Aerospace industry is well saddled to become an indomitable force globally for Engineering services outsourcing work. Various... |
The automobile sector is expected to grow at a CAGR of 12-15% over next 3-4 years. India will emerge as a small car export hub as automakers rushes to set up factories. The government has said it would build infrastructure and simplify foreign... |