Text Box: 15 of the world's major Automobile makers are obtaining components from Indian companies.   This business fetched India $1.5 Billion in 2003, and will reach $15 Billion by 2007. New emerging industries areas include, Bio-Informatics, Bio-Technology, Genomics, Clinical Research and Trials. World-renowned TQM expert Yasutoshi Washio predicts that Indian manufacturing quality will overtake that of Japan in 2013. McKinsey believes India's revenues from the IT industry will reach $87 Billion by 2008. Flextronics, the $14 billion global major in Electronic Manufacturing Services, has announced that it will make India a global competence centre for telecom software development. Text Box: Geneva-based STMicroelectronics is one of the largest semiconductor companies to develop integrated circuits and software in India. Texas Instruments was the first to open operations in Bangalore, followed by Motorola, Intel, Cadence Design Systems and several others. 80 of the World’s 117 SEI CMM Level-5 companies are based in India. 5 Indian companies recently received the globally acclaimed Deming prize. This prize is given to an organization for rigorous total quality management (TQM) practices.   Text Box: India: Technology Superpower