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BusinessLogr > Industry > FTAs may hurt Make in India drive, says auto parts industry
Industry

FTAs may hurt Make in India drive, says auto parts industry

souvik
Last updated: 2016/02/17 at 6:20 PM
souvik Published February 17, 2016
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The government is in discussion with the EU and Australia for FTAs. The country already has such trade pacts with ASEAN.

The USD 11-billion domestic auto component industry today took aim at the government’s move to go for more free trade agreements (FTAs), saying it would only go against its Make in India drive and render the domestic industry uncompetitive.

“For Make in India, we should be competitive. We have not gained from any FTAs,” Arvind Balaji, Joint MD of Lucas TVS, and President of industry body Auto Components Manufacturers Association, told reporters here at the ongoing Make in India Week ..

[“Source-indiatimes”]

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TAGGED: auto parts industry, FTAs may hurt
souvik February 17, 2016
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