After BPO, auto parts sourcing set to move into top gear: CII

Posted: Wednesday, Dec 21, 2005 at 0000 hrs IST
Updated: Wednesday, Dec 21, 2005 at 0000 hrs IST

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New Delhi, Dec 20: Global auto components consumption is expected to grow from $1.2 trillion in 2004 to $1.6 trillion by 2015. India has the potential to capture a major chunk of the business, provided it improves its infrastructure, said delegates at the outsourcing summit organised by CII on Monday.

Hero Honda Motors chairman Brijmohan Lall Munjal said, “India is becoming a destination for outsourcing automobile R&D. While the demand for Indian vehicles is increasing overseas, India is also catching attention of the global auto giants, who are reeling under increasing cost pressure to outsource components.”

There is an increasing need for outsourcing vendors to expand into smaller cities. Ranjan Biswas, partner & head, BPO Advisory Centre, Ernst & Young said, “There is a need to leverage the potential of technology to tier II and tier III locations. Service capability enhancement, talent pool development and creating a world class infrastructure are critical factors.”

The summit was attended by over 250 delegates from Infosys, Genpact, EvalueServe, Shriram Pistons and Hero Mindmine.

Boom Time

• McKinsey has projected Indian IT-ITeS exports to reach 7% of GDP by 2010
• Currently India’s share in the global IT and BPO offshoring market is 65% and 46% respectively, making it the world leader
• By providing employment ...

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