ACMA takes on the challenge of exports

With a view to drive a deeper understanding for participants on global standards, processes and strategies, the Auto Components Manufacturers Association of India (ACMA) had organised a conference on ‘ Meeting Challenges Of Exports: Product Liability, Warranty & Recall’ during the Auto Expo 2014. The conference, which sought to provide the participants drive a deeper insight into the implications and lessons learned on risk management, engineering best practices and crisis strateg, was inaugurated by Ravi Capoor, joint secretary, department of commerce, Ministry of Commerce & Industry.

The conference was addressed by eminent speakers from various organisations such as Bharat Forge, Anand Automotive Group, Cummins India, Global Autotech, Avocado Rechtsanwälte, Germany, Supply Chain Services International, LLC and AON Global Singapore (Insurance Brokers) who spoke on topics such as ‘Importance and Relevance – A perspective from IPO Forum’; ‘Risk Indemnification and Insurance Clauses – Review and Compliance and Minimising risk through Insurance’ to name a few.

ACMA says this initiative is part of its programme to drive exports and to provide a fillip to the Indian community at large for automotive components. With rising exports and interdependence of global trade, the demands for product liability and product recall insurances are expected to become increasingly crucial and essential to the supplier community. This is because legal liability is imminent in every product that they sell. It is, therefore, important to strategically avoid and manage legal hazards related to claims of non-performance of vehicle parts and systems.