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Nasscom sets agenda for auto component firms

PHOTO: V. SUDERSHAN

IT ADOPTION: Deep Kapuria (centre), Chairman and Managing Director, Hi-Tech Gears, with Kiran Karnik (left), President, Nasscom, and Pankaj Chandra, Director, IIM, Bangalore, at a press conference in New Delhi on Wednesday.

NEW DELHI: The National Association of Software and Service Companies (NASSCOM) on Wednesday released a report on “Information technology adoption in the Indian auto component industry” aimed at understanding the IT adoption challenges faced by manufacturing industry firms, especially in the small and medium enterprises (SME) segment. The report also recommends the action agenda for various stakeholders to help the auto component industry achieve its ambitious growth target of $40 billion by 2015.

Addressing a press conference here, Nasscom President Kiran Karnik said the report would bring in an understanding of IT adoption thresholds, challenges and processes in different segments of the Indian auto component sector. According to Mr. Karnik: “While this report intends to set an agenda for auto component firms, IT companies and other stakeholders such as the government, industry bodies and academia to work together to accelerate the adoption of IT in the auto component sector, following reports will aim to achieve the same results in other sectors, therefore furthering the growth and development of the domestic market.”

Speaking on the occasion, National Manufacturing Competitive Council Chairman V. Krishnamurthy said: “Over the last few years, some sectors of the Indian manufacturing industry have shown a stronger growth trajectory than others and are comparable to their global peers. One of these sectors is the Indian auto component sector, and to achieve its ambitious targets of becoming a $40-billion industry by 2015, it is imperative that this sector transforms its competitive advantages from cost to value. IT has the potential to act as a force multiplier for the Indian auto-component industry. The report will result in collaborations between the IT industry and the auto-component industry for the mutual benefits of firms in both industries.”

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