ATMA in India opposes FTAs liberalizing tyre imports, with adequate manufacturing capacity. Calls to safeguard domestic industry from duty concessions. Rs 2,000 crore worth of tyres imported in FY24 despite domestic industry s capacity. Leading manufacturers invest Rs 35,000 crore in capacity expansion, technology upgrades, and R&D. Domestic tyre industry employs over 5 lakh people and supports 10 lakh rubber growers.
Tyre Manufacturing: ATMA stated that this response was provided to the government s request for feedback on sectors where India can achieve self-reliance. The aim is to ensure that future FTAs are developed while protecting the interests of the domestic industry.
Current tyre waste policies enabling 'serious environmental harm' resource.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from resource.co Daily Mail and Mail on Sunday newspapers.