7 days, 65 participants, 150+ buyers from 35+ countries
The Automotive Components Manufacturers Association (ACMA), under the aegis of the Ministry of Commerce & Industry, has inaugurated the 5th edition of iAutoConnect 2020 – International Reverse Buyers Sellers Meet. The event, organised on a virtual platform, will be a seven-day extravaganza, from November 25 until December 01, 2020, connecting overseas auto component distributors and buyers with exhibitors from ACMA member companies.
Giving an overview of the event, Vinnie Mehta, Director General, ACMA, shared: “The current edition of iAutoConnect 2020 has witnessed participation from over 65 Auto Component Manufacturers while over 150 buyers from 35 countries have already registered for the event; the number of buyers is expected increase significantly as the event progresses. The event is aimed at promoting aftermarket auto component exports from India.”
Since the lockdown, in wake of the pandemic, ACMA has made concerted efforts to provide its members with opportunities for business development as also platforms to showcase their capabilities. With the Nation’s drive towards Atmanirbharta (self-reliance), ACMA through its initiatives, endeavours to build a robust automotive value chain in India that offers Value-added services to its customers in India and overseas.
Inaugurating the event, Sunjay Kapur, Vice-President, ACMA, commented: “There is a swift transformation in the automotive value chain globally due to the impact of Covid-19. Likewise, the industry in India was exposed to severe supply chain disruptions, however, with strong signals of revival, we are hopeful that the buoyancy of the festive season would continue in the coming months as well. It is extremely heartening that the auto component industry in India has handled the situation with great aplomb and has emerged resilient. Going forward, while there are challenges, however, I am confident that our members have the capacity and capability to become quality component suppliers to the world.”