New York, NY, August 09, 2012 --(PR.com
)-- Supportive Government policies, positive business environment, availability of reasonably priced talented workforce and stable outlook for the industry has made India a global hub for the international manufacturers to set up their facilities in the country. The auto parts manufacturers like Panchal Industries are also reaping the benefits.
Part of Panchal Ventures, a US $40 million conglomerate with 250 global work force; Panchal Industries today has the second largest repository of metallurgical knowledge in the region and offers complete service supply capability to its geographically dispersed marquee customers from concept to product design, engineering, manufacturing, testing and validation. The company is also known as outsource manufacturing experts.
With a privately owned manufacturing facility in Ahmedabad, India and with several preferred contracted vendors (SMEs) across India & China, the company manufactures a wide range of safety and critical components for the automotive & non-automotive sector. It is the 9th largest manufacturer and exporter of automotive components and leading chassis component manufacturer in India.
Panchal Industries is now expanding and upscaling its manufacturing capabilities to launch its multi-sectorial growth plan specially across the automotive sector. It will add substantially to the workforce in the manufacturing plant in India and also add another manufacturing location by the end of 2013.
"As a company, we have grown very fast in the last 4 years specially in North America. We have added few of the very large player in the automotive industry and are happy to be now serving the American Auto Market at large," said Dhiraj Panchal, Founder & Managing Director, Panchal Industries.