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(From The Economic Times)
Byline: Team ET
THE mantra for a section of the Rs 20,000-crore auto component industry is 'local value addition'. It believes this will be helped if its long-standing demand for a differential rate of import duties is introduced.
Then there is another segment within the industry that has put this demand behind it, facing up to the reality of stronger lobbies in the raw material sector.
This is the lobby that displays a new-found confidence, buoyed by its exports, which industry players believe will make India the preferred destination for outsourcing.
In the global league with China and Brazil, players claim that the inflation ridden Brazil and the legal and language problems of China make …