EPCG Schemes Impact on the Automotive Industry
20/09/2024 Other Services
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The EPCG (Export Promotion Capital Goods) Scheme has significantly influenced the automotive industry in India. By providing duty-free imports of capital goods for export-oriented units, it has facilitated the modernization and upgrading of manufacturing facilities. This has led to increased efficiency, improved product quality, and enhanced competitiveness in the global market. Moreover, the EPCG Scheme has encouraged investments in research and development, fostering innovation and technological advancements within the automotive sector. As a result, the Indian automotive industry has witnessed substantial growth and expansion, contributing significantly to the country's economy.
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