Piyush Goel asks OEMs to report deals that jeopardise localisation

Goel urged the auto component makers to promote localisation and promote quality as that is the only thing which can help move India to a path of growth.

By Shahkar Abidi calendar 14 Sep 2022 Views icon2714 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Piyush Goel asks OEMs to report deals that jeopardise localisation

Piyush Goel, Union Minister for Commerce & Industry, has asked automotive component suppliers to report cases of any Indian or global OEM forcing them to import from a certain set of suppliers. Also, he added that component companies in joint ventures with foreign partners should not succumb to any unfavourable terms of operations. 

"The government will be taking serious note of that," said Goel, assuring that such cases will be taken at appropriate fora through diplomatic and other channels.

He was speaking at the 62nd annual session of Automotive Component Manufacturers Association (ACMA) which was held in the national capital on Wednesday.

"We have allowed foreign companies with a large India market and it is only fair that our companies also get fair deals to grow and expand their businesses," he continued

Goel urged the auto component makers to promote localisation and promote quality as that is the only thing which can help move India to a path of growth. Value addition, right pricing and scaling are the other key suggestions he made during his speech. 

 

Tags: ACMA
RELATED ARTICLES
Readywire's new ERP tools can boost operational efficiency at auto dealerships

auther Autocar Pro News Desk calendar30 Jan 2025

With its IT solutions aimed at overhauling the back- and front-end operations of automotive dealerships with a digital b...

Dr Pawan Goenka honoured with Padma Shri

auther Autocar Pro News Desk calendar26 Jan 2025

Dr Pawan Goenka, former managing director of Mahindra & Mahindra and currently chairman of INSPACe, is among the recipie...

Osamu Suzuki posthumously awarded Padma Vibhushan

auther Autocar Pro News Desk calendar26 Jan 2025

Osamu Suzuki's legacy lies in his transformation of a small Japanese manufacturer into a global automotive force, and hi...