KhbarExpress www.khabarexpress.com
Welcome Guest Sign In New user! Sign Up Now

Search any word's definition online at pelagiandictionary.com

Search Photo  
RSS 09 February 2010
Forum | Wallpapers | Photo Gallery | Business | Entertainment | Education | Sports | Article | City | Cartoon | Video News
Free News on your website


Recession-hit Gujarat auto part makers hope for budget concessions
4 Jul 2009, 1652 Hrs

Add comment          Mail          Print          Write to Editor


Educational Short Stories in Hindi

Rajkot (Gujarat), July 4 Auto part makers in Rajkot are hoping for concessions in excise duties and taxes in the coming budget.

The city, which has with over 5,000 small and medium scale industries, is a hub for making auto parts.

However, global recession has delivered a big blow to the auto parts industry as companies have either cancelled or reduced their bulk orders.

In such a situation, automakers are looking to the forthcoming budget for some relief packages.

"We all request Finance Minister Pranab Mukherjee if he can't reduce the excise duty, he should at least keep it to the earlier one, the one he introduced to restore the industry. It will give a fresh lease of life to the industry," said Ashok Kumar, Member of the Rajkot Engineering Association.

There are still others who believe more measures like protection, incentives and rebate should be given to small and medium scale industries to cope with the current situation.

"If the government gives incentives on the model of China to the manufacturing sector, it will help the industry become competitive," said Bhavesh Patel, President of Rajkot Engineering Association.

Auto part makers are hoping that the Central Government will take steps to revive the recession hit industry. (ANI)




Discuss this story on KhabarExpress Forum  


Pelagian Dictionary

Gujarat
auto
part
maker
hope
budget
concession


Comments to this News

Be the first to comment on this News


 
Post Your Comments to this News
 Posting Rules
 
  Name: Email:
 

Top Story of The Day
Latest Articles

CM Gehlot with P.Chidambaram in Chief Minister's Conference on Internal Security held at New Delhi


Software Watch

LingvoSoft Dictionary 2009 German <-> Russian




An extremely flexible and accurate bilingual translating dictionary that features up to 1,000,000 entries alongside all the latest programming innovations.

Click Here

Powered by
UniqueIdea.net

Shrinath JI


Education Special

All right reserved by Khabarexpress.com
Contact Us | Archives | Sitemap | Can't see Hindi ? | News Ticker
Special Edition: Lakshchandi Mahayagya, Camel Festival 2007, Vartmaan Sahitya, Nagar Ek - Nazaare Anek, Bikaner Udyog Craft Mela
Our Network rajb2b.com | khabarexpress.com | uniqueidea.net | PelagianDictionary.com | hindinotes.com
Developed & Designed by Pelagian Softwares