The Indian automobile industry, which has been undergoing a downhill drive, today decried the government’s recent decision to impose restrictions on import of critical components saying it was akin to returning to the ‘licence-raj’ period.
“Policies like this clog growth of the industry. It is like returning to the days of licence-raj,” General Motors India Vice President (Corporate Affairs) told media. More
Courtesy: economictimes.indiatimes.com
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