Govt to take serious action against if auto firms stop component suppliers from manufacturing locally: Piyush Goyal

Goyal said it was brought to his attention that some auto ancillaries, who have joint ventures with foreign companies, were facing pressure from their partners. “This is a matter that the government will take and view very seriously and if at all any joint venture partner is unhappy, he's free to leave. I'm sure our Indian companies will be in a position to give them a fair and honourable exit,” he said.

from Auto-Industry-Economic Times https://ift.tt/Irjsq0K