Union Minister of Commerce & Industry Piyush Goyal | Photocredit: Ani
The government said on Wednesday that India would welcome every global car to test its products in the country, so that they become interested in investing.
Speaking on the 7th car conclave organized by the Federation of Automobile Dealers Associations here, said Minister of Trade and Industry Piyush Goyal that India has reduced customs tasks over the import of fully built units (CBUs) and while India also looks at the interior of the interior, there are also a lot of commercial agreements in terms of trade agreements, his agreements, there are any other agreements agreements, there are any other agreements agreements, there are any agreements agreements in terms of trade agreements, there are agreements in contracts, India for the Grote Markt for the Grote Markt that is India.
“I believe that, although we will certainly protect and support domestic industry, domestic manufacturers, we would also recognize fair competition, because competition entails efficiency, you help improve product liability and competition ensures that the customer gets a fair deal/options. And that is why we work a good balance between protection and possibilities,” Ecosysteeme, ‘Goalle to -RRITY models, new models, OEMs) in the Indian ecosystem,’ Goalle ecosystem, ‘Goalisies of the Indian Ecosysteme,’ Goalisies).
Domestic growth needs global access
He stated that the government will continue to support domestic production considerably. However, if the industry wants to grow, more global companies must come to India.
“I realized that if you want our production to grow, other parts of the world get a taste of the Indian market. It is important for their ability to try out their best products on the Indian market before they can get interested in investing in India. And that is why our efforts to expand the market is to create our market.
Car -Component manufacturers are looking for global market access
For example, he said that the manufacturers of the car components have encouraged him to open the world markets for them.
“They only come to me with the requirement that ‘gives us Acess, open newer markets for us. Do something else with someone in the world, open the market for us (FTAs) because access to those markets would give us income from those markets and for that they have to open the Indian market, you continue.
About compensation limitation problem
In the meantime, he also assured that he will discuss the compensation limitation with the Minister of Finance, who relates to the dealers before the GST 2.0 starts on September 22.
According to FADA, the sector has a compensation limitation of approximately £ 2500 crore for them.
Published on September 10, 2025
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