outsourcing

Outsourcing auto parts from India booms as Japan takes lead

Filed in archive Outsourcing News on November 12, 2005

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Japanese bearings manufacturer NTN Corp will invest �3 billion to set up a factory in India.

According to Keizai Shimbun, the factory will start operations in March 2007 and will produce constant-velocity joint parts. The unit will be built because of rising demand from Japanese auto makers in the country.

NTN expects sales of �1.5 billion in 2007 and �4.5 billion yen by 2010.

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