Canada's Samco to supply parts for Tata Nano
23 Feb 2008
Mumbai: Samco Machinery Ltd, a Canada-based roll forming system manufacturer, will supply auto parts for the world's cheapest car Tata Nano.
Samco has partnered Tata Motors to produce parts for the Rs1 lakh ($2,500) car, unveiled last month, Export Development Canada's chief representative in India, Peter L Nesbitt, said while addressing the Telfer India Forum at the University of Ottawa yesterday.
He said that Tata Nano would revolutionise the auto industry around the world.
Samco president Bob Reprovs said Tata would source roll-forming equipment and technology from his company because no company in India "can do what we're doing for Tata".
"Canadian companies need to get a handle of this opportunity quickly. As a market, back office, research and development hub and source of future competitors, India should be on top of the mind for Canadian top executives,'' Telfer School of Management dean Michael J Kelly said.
A large number of Canadian companies attended the function organised by Telfer School of Management of the University, Indo-Canada Ottawa Business Chamber and others.
Ontario minister of small business and entrepreneurship Harinder Takhar and Ontario labour minister Brad Duguid would visit the Samco facility in Toronto to obtain more details about the collaboration.