India, Sept. 2 -- The Government of India has issued a release:

Addressing the 66th Annual Session of the Automotive Component Manufacturers Association (ACMA) in New Delhi, Union Minister of Commerce & Industry Shri Piyush Goyal today called upon the auto component industry to transform local businesses into global businesses, expand manufacturing footprints across developed countries, strengthen supply-chain resilience and move up the value chain as India seeks to deepen its integration with global markets.

Shri Goyal said the industry's international trade was nearly USD 50 billion, evenly divided between imports and exports. He said business prospers when it looks globally and imports can also play an important role in the economic p...