Sumit Sawhney, Country CEO and MD, Renault India, has welcomed Prime Minister Narendra Modi’s ‘Make in India’ campaign, saying it would help make the country a manufacturing powerhouse.

“The ‘Make in India’ campaign is a great initiative and a welcome move for the Indian manufacturing industry. What stands out clearly is the intent of easing business processes in India, with further reforms and favourable policy intervention, which will attract foreign direct investment,” Sawhney noted in a statement.

The Government has identified 25 sectors, including automobile, as engines of manufacturing growth.

Thrust sectors Sawhney said it’s an encouraging sign that the automobile segment is be part of the 25 thrust sectors outlined for growth. The automobile industry is an important contributor to the country’s GDP, he said.

“I am confident that such pro-business measures will enable the manufacturing sector, led by the auto industry, to bounce back stronger, and deliver on its potential of becoming one of the largest and most efficient in the world.”

The formation of a stable Government “has already led to tremendous optimism of progress, and we are already witnessing an improvement in macroeconomic factors, including the improving GDP, surge of the stock market and measures to control inflation.”

Sawhney added the ‘Make in India’ programme would only help build the momentum towards making India a manufacturing powerhouse.

Renault in India recently launched its Duster All Wheel Drive, which is available at a price of ₹11.89 lakh (Delhi ex-showroom) onwards.

Related Topics
comment COMMENT NOW