Business Daily from THE HINDU group of publications
Thursday, Sep 13, 2007
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Automobiles
India to showcase potential at Frankfurt Motor Show

Ministry, industry honchos to highlight opportunities

Priyanka Vyas

New Delhi, Sept. 12 If Sunil Bharti Mittal set the tone for Brand India at the World Economic Forum, it would be now the turn of Tata Motors Managing Director, Mr Ravi Kant, and Mahindra President, Automotive Sector and Member of Board, Mr Pawan Goenka, to do the same at the International Frankfurt Motor Show to begin on Thursday.

It would not only be the industry honchos who would be present, but also the Union Minister of Heavy Industries, Mr Santosh Mohan Dev, accompanied with the Joint Secretary, Mr Surajit Mitra.

At the inaugural session of the show, Mr Dev would address the gathering in the presence of German Vice-Chancellor, Ms Angela Merkel, on the auto industry in India and the possible areas of cooperation between the two countries. This would be followed by an India Day, which would showcase the country’s economic development and future potential.

On Friday, Mr Ravi Kant, who recently took over as the President of Society of Indian Automobile Manufacturers (SIAM), would be highlighting investment opportunities, sourcing of components between the two countries and some of the key areas of technology cooperation. Mr Ravi Kant would also flag off the Indian Automotive Mission Plan, which was released by the Prime Minister, Dr Manmohan Singh, in January. He would also be accompanied by Mr Goenka, Vice-President of SIAM and Mr E. Bala Subramonium, Head, Small Car Sourcing, Tata Motors, amongst others. The Indian auto part makers would also not like to be left behind in exploring trade opportunities on the components front.

“Last year SIAM had signed MoU with VDA, the German auto industry association and this year, a joint working group will be set up to explore areas of cooperation with regard to alternative fuels, bio fuels, hybrids amongst others.

Further, possibility of cooperation at the institutional level was also being considered to share advances in technology and research and development front,” said a SIAM official.

German automobile companies such as BMW, DaimlerChrysler are already present in the Indian market. Volkswagen has launched its cars recently and Skoda India Managing Director, Mr Karsten Bogun, said last week that the company was open to sharing its production facility with Audi, which was also from the same group for domestic operations.

On the components side, German auto parts companies such as Bosch and ZF Steering are currently operating here.

More Stories on : Automobiles | Events

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Rains disrupt movement of essential goods in Sikkim


US co initiates talks to tap solar energy from space
India to showcase potential at Frankfurt Motor Show
‘Farm sector getting less sulphur’
Manufacturing, consumer durables drag down growth
Buyers prefer bundles of carbon credit
Excise duty collections up 9% in Aug at Rs 9,898 cr
New rule on cenvat credit
Bulgarian PM sees big scope for enhancing ties
Taiwan trade office coming up in Chennai
Taiwanese companies keen to invest in India
Apollo, Deccan Aviation offer air ambulance service
AP to step up issue of LPG connections
GoM hears industry views on pharma policy
TN clears 4 merchant power plants
Steel body to offer design, consultancy services
Due date for advance fringe benefit tax extended
60 technical textile projects under upgrade scheme
Panel meets today to allocate coal blocks
Neo Broadcast to spin off separate distribution co
Retail boom fuels food processing industry
Shriram Properties ropes in Starwood, Walton Street
Leather stocks may catch fancy of investors
Apparel park woes: Exporters hopeful of early solution
Deccan Aviation eyes aerial mapping
AP expects big investments from West Asia
‘Quick response must to combat cyber crime’
Kochi trade show from Sept 27
Strengthening PSBs
Stock options: The costly ambiguity
Pawar: No plans for further wheat imports
Rice exporters await decision on basmati definition
Many tea gardens in Jalpaiguri hit by floods
Kerala shopping fest from Dec 1
Panel to prepare new heritage structures list
Sylvan settings
CII award


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line