For many years, the 'Made in India' tag was not exactly sought after.
Today, 14 years later, India boasts of 16 companies that have won the Deming Award from the Japanese Union of Scientists and Engineers, 92 companies that have been awarded TPM (total productivity management) certificates from the Japan Institute of Plant Maintenance, and 21,313 ISO-certified companies.
In the auto components industry, amongst China, India and Thailand, India is No. 1 on the quality of products supplied and multinational companies have begun to see the benefits of sourcing from India.
General Motors and Caterpillar source radiator caps from Sundram Fasteners - the company has won GM's best-supplier award for three years. GM sources light equipment from Lumax.
Mitsubishi of Japan sources front-axle beams from Bharat Forge and Federal Mogul of the US sources components through a tie-up with the Anand group.
Aren't we proud of ourselves?
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