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Globalisation and the convergence of information and communications are leading to unbundling of design, engineering, component manufacture and assembly operations. India can take advantage of this global unbundling trend. The Indian automobile component industry is emerging as a world-class outsourcing destination for global auto majors. The Indian automobile industry is fully equipped to deliver compelling value to the world in design, engineering and component manufacture. India can also bridge the growing global divide in personal transportation. And, in this process, it would create the basis for a new wealth creation opportunity...
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