India is on the rise in global sourcing
By Dave Hannon — 1/16/2007
India is becoming a hotbed of sourcing activity for European manufacturers.
According to a report in the Indian newspaper Economic Times, Rolls Royce has established a sourcing office in India and is steel forging from Hindustan Aeronautics Limited which is used in its civil aircraft engines and is moving to have more Indian suppliers bid on global contracts. The company is also increasing the sourcing of engineering design from India.
In another report, German automaker BMW said it is looking to set up an international procurement officer in India, mostly likely near its new $250 million Chennai assembly plant. According to a report in the Economic Times, BMW has ruled out the city of Delhi because it does not offer port access.
© 2007, Reed Business Information, a division of Reed Elsevier Inc.