Interim Budget in India Today - a great relief to the survival of Automobile Industry!. yes, Excise Duty reduction on Automobiles announced in India today .
Almost Automobile Industry has become a sick Industry. This is due to Government Policies.
This had a great concern, why because many employees and their families survival in the Industry.
Today on this ethnic issue a relief is found. Off course we can not sy this disturbed India. No it is not. why because In automobiles except two wheeler segment in Car Vagan wing car sold are only imported and those were not from indigenous. Government Policies already closed automobile Industry once for all are Fiat from Premier Automobiles LTD and Standard Motor company ,Hindustan Motors Ambassador car , were got closed and its employees are on street like me. Like my family many families struggle is also a Painful truth.
Now in India Automobile Industry by this Temporary Tax relief could manage for few months. But it is a loss to Investors from Upcountries only.
so Once for all Investors from Upcountries coming in to India will get stop automatically in 2014 after June 2014 is also a truth.while World facing Financial crisis India could Manage and survived because of these Investors from Up Countries/Europe is the Truth.
Almost Automobile Industry has become a sick Industry. This is due to Government Policies.
This had a great concern, why because many employees and their families survival in the Industry.
Today on this ethnic issue a relief is found. Off course we can not sy this disturbed India. No it is not. why because In automobiles except two wheeler segment in Car Vagan wing car sold are only imported and those were not from indigenous. Government Policies already closed automobile Industry once for all are Fiat from Premier Automobiles LTD and Standard Motor company ,Hindustan Motors Ambassador car , were got closed and its employees are on street like me. Like my family many families struggle is also a Painful truth.
Now in India Automobile Industry by this Temporary Tax relief could manage for few months. But it is a loss to Investors from Upcountries only.
so Once for all Investors from Upcountries coming in to India will get stop automatically in 2014 after June 2014 is also a truth.while World facing Financial crisis India could Manage and survived because of these Investors from Up Countries/Europe is the Truth.
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