The Indian Chamber of Commerce and Industry, Coimbatore, has invited Japanese automobile component manufacturers to invest here.

The chamber president, R. R. Balasundharam, said that about 30 automobile component manufacturers from Japan are participating at the Automotive Parts Procurement Exhibition in Chennai organised by the Automotive Components Manufacturers’ Association of India and the Japan External Trade Organisation (JETRO).

“I met the participants in Chennai on Monday and invited them to Coimbatore,” he said.

The manufacturers have a market in India. Many of them have set up plants in India in cities such as Pune and Chennai. Instead of focusing on select cities, they can explore opportunities in other tier-two cities too.

Coimbatore is known for availability of skilled workforce and several manufacturing units here are supplying components and spares to automobile manufacturers. Japanese investments here will give a boost to the manufacturing units in Coimbatore, he said.

The Chamber has also invited the JETRO representatives to visit Coimbatore.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Coimbatore / by Special Correspondent / Coimbatore – November 29th, 2013