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India auto parts enterprises to raise fund for research and development of new technology
India auto parts enterprises have recently raised 75000000 rupees ($2610000 ) fund for research and development of new technology.India Auto Parts Suppliers Association ( ACMA ) chairman SrivatsRam said, parts and components enterprises need to focus on research and development of new products, improve production process, the use of modern production technology and improve energy efficiency. The funds raised will be used for the next 5 years the development of science and technology.Last year's India auto parts industry sales growth of 33%, earnings amounted to $39900000000, due to this year's sales growth is slow, ACMA is expected in India this year, the domestic parts industry sales growth will be halved to 12-15%.

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