Auto components manufacturers' body ACMA on Tuesday welcomed the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi to overcome the impact of coronavirus pandemic, saying it will bring relief to many stressed sectors.
The announcement of the economic package is indeed very welcome and is the need of the hour, Automotive Component Manufacturers Association of India (ACMA) President Deepak Jain said in a statement.
"This will bring much needed relief to several stressed sectors and industries, especially the MSMEs," he added.
Stating that a significant proportion of the industries in the auto components sector are MSMEs, Jain said, "ACMA is committed to making the Hon'ble Prime Minister's Vision of self reliance through localisation,global competitiveness, vibrant local manufacturing and a robust local supply chain a reality."
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