Nitin Gadkari urges auto component manufacturers to increase localisation to 100 per cent
Nitin Gadkari urges auto component manufacturers to increase localisation to 100 per cent
Share:

Union Minister Nitin Gadkari has urged auto component manufacturers to enhance the localisation to 100 per cent. At present, around 70 per cent of all the components required by the industry is manufactured locally.

speaking at an event organised by Automotive Components Manufacturers Association of India (ACMA) on Thursday, The Union Minister said,  "I urge both vehicle and auto component manufacturers to increase localisation of components to the maximum. Not maximum, my expectation is to make it 100 per cent. We are fully competent in all the things. Even, I am requesting automobile manufacturing companies to take it very seriously otherwise for imports of components we will think in the direction to increase more customs duty on that."

The minister further added, “My request to all of you is that at any cost we need to stop imports of auto components...This is the time for the Indian auto industry to support Make in India and Made in India movement." The auto industry contributes a substantial part to India’s GDP. Gadkari made it clear that boosting local manufacturing will not only help domestic players to flourish, but also give a bigger push to the Make in India initiative.

Also Read: 

Preparations for second season of Mann Ki Awaaz Pratigya started

Karan Singh Grover was slapped by his second wife

Rakhi Sawant wants to have a baby, said this

 

Share:
Join NewsTrack Whatsapp group
Related News