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FTA duty cuts on auto components must be calibrated to protect MSMEs: Assocham

Assocham President Nirmal Kumar Minda cautioned against a blanket reduction in import duties on auto components with the EU, urging a calibrated approach to protect domestic manufacturers, especially MSMEs. He emphasized that concessions should be linked to clear reciprocity, phased timelines, and safeguards to ensure India's manufacturing growth and integration into global value chains.

10 Dec 2025 10:49 am