Chennai May 18 (IANS) The central government on Thursday said the Indian automobile sector is likely to contribute 12 per cent to the country s GDP (gross domestic product) over the next decade.
This was stated by Union Heavy Industries and Public Enterprises Minister Anant G. Geete who inaugurated the test track facility develop by global automotive research centre (GARC) at Oragadam Chennai.
According to Ministry of Heavy Industries and Public Enterprises at present the Indian auto industry is contributing 7.1 percent (approximately) to the country s total GDP.
GARC Chennai is a body working under the NATRiP (National Automotive Testing and R&D Infra Project).
--IANS
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Auto sector likely to contribute 12% to GDP over next decade: Anant Geete
