This initiative by ACMA is being hailed as the first such move in Japan and is being taken forward post Indian Prime Minister Narendra Modi’s visit to the country in September, 2014.
The Automotive Component Manufacturers Association of India or ACMA, the major apex body for the Indian automobile components industry, is organizing the very first edition of the Indian Auto Parts & Business Matchmaking show in collaboration with the Japan External Trade Organization or JETRO. This unique show in Japan will run between 16th and 17th of November in Tokyo and 18th and 19th of November in Nagoya.
This show is supported by the Indian Embassy and the Ministry of Commerce & Industry, Government of India. This will be a new platform for unearthing newer opportunities by way of joint ventures, technical collaborations and sourcing for the industries of Japan and India along with leveraging collective strengths.
According to the ACMA President, Mr. Arvind Balaji, focusing on quality has been scaling up acceptance of components made in India in relation to the global supply chain. The Japanese automotive component industry has been a preferred partner over three decades. Several new techniques and Japanese Quality Practices have been imbibed by Indian manufacturers as a result.
Additionally, the last few years have witnessed a shift to innovation, IP and product creation and R&D in comparison to the earlier Build to Print. This has facilitated better exports by Indian manufacturers. All major OEMs are sourcing automobile components from India and the country is ready to supply the same to the Japanese automobile industry too.
Promoters of Indian automobile components have considerable experience of working with their Japanese counterparts and are willing to build and expand relationships. This would be related towards cashing in on opportunities for OEMs and Tier 1s in India. R&D, Engineering, Innovation and Deep Localization would be key thrust areas for representatives from both countries according to Balaji.