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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

Topics
Piyush Goyal  |  Railway Budget  |  Government Expenditure

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. ALSO READ: Budget 2019 announcement of Rs 17 a day an ...

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First Published: Fri, February 01 2019. 17:05 IST