Improve productivity, explore smart solutions: Piyush Goyal to auto components industry

Gallery

MORE...

Sports

Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award

Indian men's hockey team captain Harmanpreet Singh has been named Player of the Year 2024

World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17

U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals

FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup

Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow

FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant

MORE...

Improve productivity, explore smart solutions: Piyush Goyal to auto components industry

Last Updated : 06 Sep 2020 12:45:38 AM IST

Union Minister of Commerce and Industry Piyush Goyal

Union Minister of Commerce and Industry Piyush Goyal said on Saturday that properly developed 'Aftermarket' business can open up opportunities for auto component manufacturers.

Piyush Goyal was speaking at the 60th ACMA annual session which was held virtually.

According to the minister, this can happen if the industry starts looking at more affordability and attractive ways.

He urged the auto component sector to improve productivity, reduce cost and offer smart solutions so as to become preferred global suppliers.

Besides, Goyal pointed out that with perseverance towards quality, the industry will certainly become more export competitive.

He said that the entire country is adopting Prime Minister Narendra Modi's clarion call of 'Atmanirbhar Bharat' to engage with the rest of the world from a position of strength.

He said that there is a huge demand for trusted partners in resilient global supply chains.

"We will expand our global engagement. We see huge opportunities to expand businesses and provide truly high-quality products at competitive prices and become that trusted partner," the minister said.

On the positive trends in the Indian economy, the minister said: "In the railways, last month we have been able to grow our freight traffic by 4 per cent over the corresponding period of last year. In the current month, the trend is even better than that."

"Tractor sales have already been revived, two-wheelers and three-wheelers are also showing very good traction. It is a day to bring in positivity into our crystal gazing of the future, move out of pessimism and look forward with hope and faith."