Nitin Gadkari urges auto component manufacturers to increase localisation to 100%
The Hindu
Union Minister Nitin Gadkari on February 25 asked automobile manufacturers to increase localisation of components to 100% or else the government will consider raising basic customs duty on imports in order to encourage domestic manufacturing of such parts.
Speaking at an event organised by the Automotive Components Manufacturers Association of India (ACMA), the Minister of Road Transport and Highways said the present levels of localisation of parts in the Indian auto sector is around 70% and "at any cost we need to stop imports of auto components".
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