Live
- A Guide to Temperature and Humidity Standards in Data Center Server Rooms
- Gadwal collector briefs on details of voters
- Jupally Krishna Rao takes part in Alampur rallu
- Bharath Prasad files 3rd Nomination
- Baisakh Month: A Time of Auspicious Beginnings and Sacred Festivals
- Oust BJD govt for overall development, says Shah
- Unveiling the Hidden Gems: Surprising Health Benefits of Garlic Peels
- Overcoming Sleep Struggles: A Comprehensive Guide to a Restful Night
- RTC bus hit the auto
- MLA Kuchukula Rajesh Reddy participated in the Birappa festival
Nitin Gadkari: New construction projects will help auto industry
The Central government is expected to take some policy decisions and come up with some major road infrastructure projects to arrest the sales downturn being faced by the Indian automobile industry, Union Minister Nitin Gadkari said on Thursday.
New Delhi: The Central government is expected to take some policy decisions and come up with some major road infrastructure projects to arrest the sales downturn being faced by the Indian automobile industry, Union Minister Nitin Gadkari said on Thursday.
The Minister of Road Transport and Highways and Micro, Small and Medium Enterprises spoke at the annual convention of the Society of Indian Automobile Manufacturers (SIAM) here.
Gadkari said that in order to address the issues concerning the auto industry, the government is expected to award road projects worth Rs 5 lakh crore in the coming months. He said that these new construction projects would generate a demand for automobile construction equipment such as trucks.
The auto industry body has sought steps from the government, including a reduction in GST rates, to help them.
At present, the sector suffers from a sales downturn due to several factors like high GST rates, farm distress, stagnant wages and liquidity constraints.
Besides this, the inventory pile-up and stock management of unsold BS-IV vehicles have also added to the problems in the sector.
