Commerce Minister Piyush Goyal calls upon automotive industry to deepen localisation, expand exports to serve global markets

Commerce and Industry Minister Piyush Goyal has called upon the automotive industry to deepen localisation, expand exports and prepare to serve global markets. The Minister was addressing the 66th Society of Indian Automobile Manufactures-SIAM Annual Convention in New Delhi yesterday. He urged the industry to seize the opportunities emerging from India’s expanding trade partnerships, growing domestic market and global shifts in manufacturing.
Mr Goyal said the automotive sector would be one of the most important drivers of India’s growth story in the years to come. He said the industry had demonstrated strong growth and that rising incomes and aspirations offered considerable scope for this growth to continue. The Commerce and Industry Minister said the AI will help the automotive industry become more efficient, competitive and customer-friendly. He added that the government is ready to support industry with critical minerals, technology, plug-and-play infrastructure and industrial parks.