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Wednesday, 30 November 2011

Rs. 5,000 cr allocation for auto industry suggested by Panel

Indian-auto-industry
Rs. 5,000 crore for the auto industry under the 12th Five-Year Plan is going to be allocated by the government, mainly for research and development (R&D), a panel set up by the Planning Commission has suggested.

The report of a working group on the automobile sector, chaired by the secretary, department of heavy industries, recommends a budgetary allocation of Rs. 2,542 crore during the 2012-17 Plan to enable the industry to achieve mid- and long-term goals. Mint has a copy of the report.Automobile News

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