Auto sector needs to innovate, modernise - survey


NEW DELHI, Feb 27 (Reuters) - Indian auto and auto parts makers need to innovate and modernise to remain globally competitive, the finance ministry's annual survey said on Tuesday.

The Economic Survey for 2006/07 presented by Finance Minister Palaniappan Chidambaram in Parliament said 17.18 billion rupees were invested during the year to set up testing labs for safety and emission norms.



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