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Budget 2024 Analysis: With the Lok Sabha elections scheduled for April - May this year, this was a vote-on-account and the final budget for FY25 will be presented in July.
News News: Discover how the automobile industry, including EV players, reacted to the Budget 2024 announcement by Finance Minister Nirmala Sitharaman, which focuses on boosting the electric vehicle scene in India and expanding charging stations and manufacturing facilities for electric vehicles.
India on Friday came out with a foreign trade policy with the objective of raising the country's outward shipments to USD 2 trillion by 2030, making the rupee a global currency and incentivising e-commerce exports.
Hailing the new foreign trade policy, the automobile industry on Friday said it would help enhance exports and India to become a significant player in global trade. SIAM President Vinod Aggarwal said the auto industry would substantially benefit from the policy with measures such as self-certification of origin, reduction of the threshold for status holders of exporters, enabling rupee payment and reduced export obligation under the Export Promotion Capital Goods scheme for electric vehicles.
Get latest articles and stories on Latest News at LatestLY. Hailing the new foreign trade policy, the automobile industry on Friday said it would help enhance exports and India to become a significant player in global trade. Latest News | Foreign Trade Policy to Help India Become Major Player in Global Trade: Auto Industry.