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Commerce and Industry Minister Piyush Goyal on Friday asked the auto component industry to start manufacturing machines and reduce import dependency on foreign countries. “Why should we be dependent on foreign countries, especially some countries with non-market economies or non-transparent economic practices?
The bloc comprises Iceland, Switzerland, Norway, and Liechtenstein. The minister urged the industry to scale up the production of components for electric vehicles (EVs) as significant opportunities exist.“I do believe that the time is right to make a five-year action plan on how we are going to move to EVs and by 2030 demonstrate to the world that India is one country that, when we decide on something, we achieve it,” he said, adding that EVs address the challenge of climate change, reduce pollution, lessen India’s dependence on imported crude oil, help shape foreign exchange, and open new export markets.
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