Global Manufacturing Hub

India is fast emerging as a global manufacturing hub with a large number of companies shifting their
manufacturing base to the country. Moreover, India has the largest number of companies, outside of
Japan, that have been recognized for excellence in quality. As many as 21 companies have received the
Deming Excellence awards; 153 companies have achieved Total Productive Maintenance (TPM)
Excellence Award for their total productivity management practices by the Japan Institute of Plant
Maintenance (JIPM) committee.

Moreover, according to Mr. A Raja, Union Minister for Communication and Information Technology, the
government is aiming to make India a global manufacturing hub for telecom by facilitating various
policies.

• Japanese automobile major, Yamaha, is planning to make India a hub for manufacturing its
premium and deluxe bikes for overseas markets. The company's Indian unit supplied 66,904 bikes in
fiscal 2010 to Yamaha's global operation compared with 38,639 units in 2008-2009, an increase of 73
per cent.

• According to a report by RNCOS, "Global Vaccine Market Forecast to 2012" published in

February 2010, the vaccine market in India is forecasted to grow at a CAGR of around 23 per cent from
2009-10 to 2011-12. India has emerged as a new hub for vaccine manufacturers from across the world.

• VE Commercial Vehicles (VECV) is investing US$ 61.9 million in its Pithampur plant for the
production and final assembly of Volvo's new global medium-duty engine platform. The expanded
facility will act as a global manufacturing hub for Volvo group's requirements.

• Nokia's manufacturing facility at Sriperumbudur near Chennai crossed production volumes of

350 million handsets in April 2010. Nokia is now exporting to North America, Europe, Middle East, Asia,
Australia and New Zealand, according to company statement.