INDIA OUTSOURCING COMPANY

DESCRIPTION
Tecnova is a Management Consultancy firm, which assists foreign companies to leverage the India advantage. While India has proven itself in the Information Technology (IT) arena, its emergence as a base for sourcing Engineering products and Design Services is relatively unknown. We believe that sourcing from India gives an opportunity to reduce costs as well as risks. Some of the factors, which makes India an excellent sourcing destination include:

• Quality-India is the only Asian country having 2,750 companies with ISO certifications. It also has 5 Deming award winning companies while China has none.
• Total product development solutions including engineering design capabilities.
• Cost of select processes such as value added precision forgings, castings etc. is highly competitive even when compared to China.
• Options to source in low volume and high variety.

Since there has been a shift of sourcing from China, India has emerged as an important hub for Sourcing engineering components for a number of global companies. Over 50 global companies have already set up international purchasing offices in India. Some of these include General Electric, General Motors, Toyota, Caterpillar, Daimler Chrysler, Eaton, Hyundai, John Deere, Ford Motor, Volvo, Cummins, Piaggio as well as others like Dana, Delphi and AB Electrolux. Around 150 global companies are expected to establish a presence by 2010.Some of the components being outsourced from India include gear shits both hydraulic and mechanical, piston rings, metal, cold rolled steel, forgings, needle roller bearings, ferrous and non-ferrous casting, sheet metal components, and auto electrical such as wiring harness etc.

To quote Michael Huber, CEO Daimler Chrysler India: "There are Indian suppliers who can make world-class products at 20-25 per cent lower costs vis-à-vis their counterparts in developed countries." Daimler Chrysler sourced components worth 70 million euros in 2003 and will increase it to 100 million euros in 2004.

We believe that Tecnova can assist your company seize this opportunity and in turn make a significant impact on your organization’s bottom-line. Tecnova can assist your company to identify/develop vendors to meet your objectives and can establish your sourcing partnership in India by way of:
• Identification & evaluation of vendors.
• Conduct trial and joint assessment analysis with target vendors.
• Assist in finalizing commercial production.

Over 125 Fortune 1000 companies have availed of Tecnova’s Consulting services worldwide. These include: Polarcup(Finland), SCA Hygiene (Sweden), Sobelcard (Belgium), Bekaert (Belgium), Chr.Hensen (Denmark), Leo Pharmaceuticals (Denmark), MGE (France), Teuco Guzzini (Italy). For more reference you may please visit our website.

SKILLS
Outsourcing Consulting Services include:
Vendor Identification
Vendor Evaluation
Vendor Selection (including trials with multi-vendors)
Assistance in Finalizing Commercial Sourcing Agreement

Our consulting practices focus on market entry strategies customized for each foreign investor, specifically these services involve:

• Providing regulatory and market information specially customized for your products / services.
• Preparation of business plan on the study.
• Selection of the most suitable format for entry viz. acquisition, joint venture, subsidiary, branch office, sales and marketing organization, strategic alliance (with importers).
• Due diligence on potential Indian partners or distributors / importers.

Post entry services include the following:

1. Location analysis for setting up a production unit.
2. Executive search for recruitment of senior executives of the start up operations in India.
3. Advice on contracts with suppliers / vendors.

For companies already represented in India, we provide Market Supervision of the Indian Distributor. The service would entail:

• Market coverage - Benchmarking, mapping coverage, identification of specific areas to strengthen.
• Feedback from retailers.
• Market review and competition.
• Recommendations.

We continue to provide advisory support to companies that have entered India. Gillette, L'Oreal, Perfetti etc. continue to avail of our services even though they have been in India for more than six years. We have helped companies like Tefal, Leo Pharmaceuticals and Biomerieux amongst others to review their strategies as well as undertake fresh initiatives despite their already having some venture in India.

TERMS
Exclusivity for 2 years for vendors and components.
Commission / retainer* paid as a percentage of sourced value, paid on quarterly basis.
* To be mutually finalized before starting commercial sourcing. However the fees paid to Tecnova for price investigation will be reduced from the quarterly commissions.

LOCATION India - New Delhi, Delhi EMPLOYEES 100-499 YEARS IN BUSINESS 11+ years CONTACT INFORMATION Register or Login to view the outsourcing service provider contact information.