Hyundai, Kia cars valla india ki bokka antunna Piyush Goyal

[andhra_jp]

Piyush Goyal attributed the move to the free-trade agreement (FTA) and said the Korean auto giants had cost billions considering the FTA is allowing them to import indiscriminately.

“The Korean auto industry, specifically Hyundai and Kia, are clearly two of the laggards.
They have enjoyed the benefits of our free-trade agreement with Korea and Japan and continue to import indiscriminately.
So, they have cost us dearly, and I don’t mind saying it publicly,” TOI quoted the minister as saying.

“The Korean and Japanese governments don’t stop any steel export from India to Korea.
But, we can’t sell even a ton of steel in both these countries due to their highly nationalist spirit.
We, unfortunately, don’t have that in India. If we can save 10 paise, we are happy to import from anywhere and anybody.
We are happy to import from China, if we can make 2% more profit in our business. It’s very unfortunate and sad,” Goyal said.