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Indian Automotive Industry: Democracy, demographic dividend, and diversity are the three D’s propelling the automobile industry onto the fast lane, according to Union Minister Piyush Goyal. Efforts have to be taken to increase automobile exports from India, one of the largest automotive markets in the world, and a dedicated taskforce should work for this goal, Pawan Goenka, Chairman, Steering Committee on Advancing Local value-add & Exports (SCALE), Ministry of Commerce & Industry, told the 63rd SIAM convention.

Commerce and Industry Minister Piyush Goyal said called on domestic businesses to look at ways and means to support each other in manufacturing and promote local firms like companies do in South Korea and Japan.

Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Thursday, said that the industry has responded well to the multiple interventions by the Government to enhance Local Value Addition which has benefitted not only the large industries but also the MSMEs.

Mr Goenka continues as the Non-Executive Chairman of Mahindra Agri Solutions (MASL). Mr Goenka is currently serving as the Chairman of the Board of Governors of IIT Madras and IIT Bombay.