FICCI lauds govt's decision to extend reduced excise rates in auto
sector
26/06/2014 10:41
Apex industry body the Federation of Indian Chambers of Commerce and Industry (FICCI) on Thursday hailed government’s decision to extend reduced excise rates in auto industry sector and termed it as an encouraging move for the manufacturing sector. “This is indeed encouraging for the manufacturing sector which had witnessed a deceleration last year. This has sent a strong signal also to the industry that Government is according high priority to the manufacturing sector so as to create jobs in the country,” said M M Singh, Chairman, FICCI Manufacturing Committee and Chief Mentor, Maruti Suzuki India Ltd. “We are hopeful that the forthcoming budget would further provide measures for the long term sustainable growth of the sector,” he added.
26/06/2014 10:41
Apex industry body the Federation of Indian Chambers of Commerce and Industry (FICCI) on Thursday hailed government’s decision to extend reduced excise rates in auto industry sector and termed it as an encouraging move for the manufacturing sector. “This is indeed encouraging for the manufacturing sector which had witnessed a deceleration last year. This has sent a strong signal also to the industry that Government is according high priority to the manufacturing sector so as to create jobs in the country,” said M M Singh, Chairman, FICCI Manufacturing Committee and Chief Mentor, Maruti Suzuki India Ltd. “We are hopeful that the forthcoming budget would further provide measures for the long term sustainable growth of the sector,” he added.
