With manufacturing facilities in India and Germany, Bharat Forge is now the second largest forging company in the world. Our goal is to further consolidate and expand our business so that we can capture the number one position by 2008-2010. It is a dream that we are committed to realise and towards which our entire organisation has developed concerted focus.
There are now an increasing number of companies in the Indian manufacturing industry who have developed a global vision for their business. India's niche is in the manufacture of skill-intensive products that include automotive components, apparels, electrical and electronic products, speciality chemicals and pharmaceuticals. In the automotive industry, the growing trend of outsourcing components from low-cost countries is an opportunity for India to attain the 'top 2' position among developing countries by 2015. Our industry has targeted to achieve exports of $20-25 billion, a goal wwe are pursuing relentlessly and which will make us an important global outsourcing hub. Many Indian companies will be at the forefront in capturing this opportunity. Their successes will motivate many other companies, which will result in 'Brand India' being able to carve unassailable advantage in global industry. The path that we have chosen is distinctly the way for us to go, and could result in at least 10 Indian companies achieving their aspiration for global leadership in the next 10 years.
