BUDGET VIEW-Auto parts makers seek fund for modernisation


MUMBAI, Feb 21 (Reuters) - Auto parts makers want a fund for modernisation, incentives to boost investment, income tax and excise duty cuts in the forthcoming budget to revive sluggish growth. The sector needs an investment of $15 billion by 2016 and the government should create a 10-billion-rupees development fund, the Automotive Component Manufacturers Association said in a statement. It also asked for incentives such as income tax and import duty breaks to boost development of new ...

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