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Interim Budget: Tyre makers see demand push, easing of raw material issues

Industry body lauds move to improve connectivity and infra in north east, a major rubber growing region; hopes issue of inverted duty will be addressed

interim budget 2019
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T E Narasimhan Chennai
Anant Goenka, Chairman, Automotive Tyre Manufacturers' Association (ATMA), whose members control nearly 90 per cent of the industry capacity in the country, described Interim Budget 2019 as growth-oriented, with the kind of sharp focus on infrastructure that could throw open growth opportunities for the tyre sector. 

Finance Minister Piyush Goyal allotted a sum of Rs 19,000 crore to the Pradhan Mantri Gram Sadak Yojana (PMGSY), under which the construction of rural roads has tripled, and has become a game changer.


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