16 Jan 2008
IT to help auto parts industry to achieve $40 mn in revenues
Kiran Karnik
President NASSCOM
A majority of auto-component manufacturers surveyed in 2005-06 had an annual IT budget of Rs 20 lakh. The budget is expected to increase for a majority (90 per cent) of these manufacturers in the coming year, reported a Nasscom-ACMA study.
As the auto component industry has set an ambitious growth target of $40 billion by 2015, Nasscom today released a report – IT Adoption in the Indian Auto Component Industry – to help the industry reach its goal through IT adoption.
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