Friday, 05 December 2008

UNIDO signs MOU with TNTDPC to strengthen Auto Hub

Chennai, India: 4 December 2008

The United Nations Industrial Development Organization (UNIDO) has signed a Memorandum of Understanding (MOU) with the Tamil Nadu Technology Development & Promotion Centre (TNTDPC) to promote small and medium enterprises in the auto components sector under its consolidated project for the development of small and medium enterprises (SME) in Tamil Nadu (Southern India). The MOU was signed by Mr. G. K. Moinudeen, Head of TNTDPC, and Mr. Bruno Valanzuolo, Chief Technical Advisor, Consolidated Project for SME Development in India, UNIDO, on 4 December 2008. The MoU will facilitate the expansion of UNIDO’s subcontracting exchange to the larger spectrum of automotive companies in Chennai.

The consolidated project for SME development of UNIDO is a project funded by the Italian Government and covers auto components, leather and footwear sectors. The objective of the project is to build capacity in the associations of the auto component sector in Chennai, Pune and NCR, as well as in the leather and footwear sector in Chennai. This involves the creation of subcontracting exchanges for associations with detailed company information, as well as the promotion of business opportunities, investment and technology.

TNTDPC is a joint initiative of the Government of Tamil Nadu and the Confederation of the Indian Industry (CII) which caters to the needs of various industrial sectors & entrepreneurs by providing technology transfer and sourcing, technology assessment, new productive development, project execution assistance, technical consultancy services, technology information and patent search & intellectual property rights (IPR) services.

In the first stage, UNIDO profiled about 150 automotive companies in Ambattur Industrial Estate (AIEMA) in Chennai by means of a cooperation agreement with MSME-DI. In Pune and in the National Capital Region (in Delhi) another 120 companies have been profiled by UNIDO via a partnership with CII.

UNIDO’s subcontracting exchanges will have the profiles of the auto component companies which will facilitate B2B matchmaking of the associations and the Chamber of Commerce. This comes at a rather critical stage when the industrial world is facing serious challenges and many global organizations are looking at developing countries like India. Activities to be covered by the UNIDO-TNTDPC will involve the expansion of subcontracting and partnership exchange and the promotion of foreign direct investment, as well as industrial cooperation agreements and the fostering of investment and partnerships of selected target market countries towards the Indian small and medium companies.

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