Nitin Gadkari urges auto component manufacturers to increase localisation to 100%
Updated:
Updated:
February 25, 2021 13:28 IST This is the time for the Indian auto industry to support Make in India and Made in India movement, says Union Minister Nitin Gadkari
Share Article
Union Minister Nitin Gadkari. File
| Photo Credit: V. Ganesan This is the time for the Indian auto industry to support Make in India and Made in India movement, says Union Minister Nitin Gadkari
Union Minister Nitin Gadkari on February 25 asked automobile manufacturers to increase localisation of components to 100% or else the government will consider raising basic customs duty on imports in order to encourage domestic manufacturing of such parts.
Anverally and Sons (Pvt) Ltd., one of Sri Lanka’s oldest and most respected exporters of tea, received the Export Brand of the Year – Bronze award at the 2020 Brand Excellence Awards presented by the Sri Lanka Institute of Marketing (SLIM). The award was conferred on the company’s export brand ‘Al-Otuor’ – a distinctive Earl […]
Sri Lanka’s leading home-grown mobility solution, PickMe, recently distributed school supplies and stationery for the new school year under its CSR initiate: PickMe Nena Pahana. The beneficiaries of this project were the children of best-rated PickMe drivers from all over the country. This was the 5th instalment of Nena Pahana whereby 1600 students were provided […]
KBSL Information Technologies, a leading provider of technical solutions in the island, has received the Master Services Competency on Data Center Virtualization – the highest technical certification given to a VMware partner. This achievement makes KBSL the first partner in Sri Lanka to receive the certification, exemplifying their commitment to achieving excellence in order to […]
The Ministry of Industries spearheaded by . Wimal Weerawansa is soon to launch the standard operating procedure (SOP) for local assembly of vehicles and automotive component manufacturing to encourage world renowned brands to locally assemble vehicles.
Dimantha Jayawardena, president of the Sri Lanka Automotive Component Manufacturers’ Association said that the new SOP has been prepared in keeping with the highest standards around the world. “This SOP has been prepared by the Policy Development Division of the Ministry of Industries in close collaboration with Ministry of Finance, Sri Lanka Customs, Registrar of Motor Vehicles, Sri Lanka Automobile assemblers and Automobile Component Manufacturers. With the launch of the SOP it will become mandatory that vehicle assembly comply to the SOP and increase value addition for locally manufactured vehicles.