CEO's Take on 2024: Cost efficiency and tech skills make India a global force in auto parts sector, says Nirmal K. Minda, CMD, Uno Minda
The Indian auto component industry holds immense potential to emerge as a global manufacturing hub and contribute significantly to the global value chain. The industry is already on the right track, evidenced by the exports exceeding USD 20 billion, and the increased R&D investment with several foreign companies establishing technology centers in India. Key factors driving India's rise include robust domestic market, cost competitiveness, technological advancement, supportive government policies and a large pool of skilled engineers and technicians, Nirmal K. Minda, CMD, Uno Minda, told ETAuto in an exclusive interview.
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