Latest News | Stimulus Measures to Help Accelerate Economic Activity: SIAM
Get latest articles and stories on Latest News at LatestLY. Auto industry body SIAM on Thursday said the stimulus measures announced by the government would help in accelerating economic activity in many critical sectors.
New Delhi, Nov 12 (PTI) Auto industry body SIAM on Thursday said the stimulus measures announced by the government would help in accelerating economic activity in many critical sectors.
The industry body said it appreciates the proactive role being played by the government for supporting a quick and sustainable revival of the economy.
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"The stimulus measures announced today (on Thursday) by Finance Minister (Nirmala Sitharaman) has specific policy interventions for job creation, credit guarantee and would also be pivotal in de-stressing and accelerating economic activity in many critical sectors," SIAM President Kenichi Ayukawa said in a statement.
The auto body would like to thank the government for the continued focus on infrastructure building and providing an additional line of credit to EXIM Bank for project exports, including projects of automobile industry, he added. It is expected to positively impact the automobile sector, he said.
Sitharaman on Thursday announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provide incentives for new job creation as the government widened stimulus measures to boost the economy.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)