Commerce & Industry Minister Shri Piyush Goyal Calls Upon Auto Component Industry To Go Global

Union Minister of Commerce & Industry Shri Piyush Goyal addressed the 66th Annual Session of the Automotive Component Manufacturers Association (ACMA) in New Delhi, urging the auto component industry to expand globally, build manufacturing footprints in developed nations, and move up the value chain. Highlighting India's status as the fastest-growing large economy with a 7.8% growth rate, the Minister detailed government initiatives including industrial parks, the Production Linked Incentive (PLI) scheme for technical textiles, and special steel support aimed at strengthening supply chain resilience. Dignitaries including the U.S. Ambassador to India and the UK Trade Commissioner also spoke on bilateral automotive partnerships, tariff-free access via trade agreements like the India-UK CETA, and avenues for joint investments.