DEVELOPMENT OF AUTO INDUSTRIES

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The Government has been encouraging strengthening of ‘Made in India’ brand globally through the Indian Auto Industry which is fully delicensed and is now operating in a WTO compatible environment.

The Government at their own initiative realized the need for upgradation and modernization of the existing testing facilities. Based on a comprehensive proposal of the Society of Indian Automobile Manufacturers (SIAM), a blueprint for major upgradation of testing facilities at an estimated cost of Rs.1480 crore has been accorded ‘in principle’ approval by the Government. Since the investment involved is very large, Government are exploring the possibilities of arranging institutional funding.

This information was given by the Minister of State for Heavy Industries and Public Enterprises, Dr. Vallabhbhai Kathiria in a written reply to a question by Shri Ashok N. Mohol in the Lok Sabha today.