Shri Piyush Goyal, Union Minister of Commerce and Industry, addressed the SIAM Annual Convention as Chief Guest and urged the automotive industry to deepen localisation, invest in technology, innovation, research and development, expand exports, and prepare for global markets.
On September 3rd, Shri Piyush Goyal, Union Minister of Commerce and Industry, addressed the 66th Society of Indian Automobile Manufacturers (SIAM) Annual Convention as Chief Guest. He emphasised the potential of the automotive sector to drive India's growth story in the coming years due to expanding trade partnerships and global shifts.
The Minister highlighted that the industry should focus on localisation, investing in technology, innovation, research and development to make themselves competitive in the global market. He also encouraged the industry to expand their exports, preparing them for opportunities in international markets.
Shri Goyal also mentioned the need for the industry to be self-sufficient in energy, particularly in crude oil, LPG, and LNG, and develop or bring to India technologies for batteries and other technologies.
Source:
Press Information Bureau
