Technology Upgradation & Development Scheme (TUDS) for the Auto Component Industry
As per the Automotive Mission Plan 2016 (AMP) objective:
"To emerge as the destination of choice in the world for design and manufacture of automobiles and auto components with output reaching a level of USD 145 billion accounting for more than 10% of GDP and providing additional employment to 25 million people by 2016".
In keeping with the above objective, the industry needs to invest in technology and scale capacity to support local automotive industry growth and to become world-class, world-scale industry. It is in critical need of significant infusion and absorption of technology to build domestic capability and to support faster product development plans of OEMs. India possesses competitive advantage in low-cost, high-quality engineering capabilities. Needs to maintain and further enhance its competitiveness. Auto component industry faced with major threat of imports, currently 21% of totalRead More »from Automotive manufacturers association wishlist