India's Commerce Minister Pushes Auto-Parts Makers to Expand Globally

India's commerce ministry is intensifying efforts to help the domestic auto-component sector establish a stronger foothold in developed economies. Commerce Minister Piyush Goyal has urged manufacturers to capitalize on existing trade agreements to expand their international operations and secure a larger share of global markets.

The minister's appeal emphasizes the need for Indian auto-parts makers to move beyond basic manufacturing and climb the value chain by investing in advanced production capabilities abroad. This shift would position the industry to compete more effectively with established players in North America, Europe, and other developed regions.

Goyal highlighted the importance of building resilient supply chains as a strategic priority. By establishing manufacturing facilities in key developed markets, Indian companies can reduce their exposure to logistics disruptions and tariff barriers while meeting local regulatory requirements more efficiently.

The commerce ministry's push comes as India seeks to deepen its role in global automotive supply networks. Industry stakeholders have been encouraged to explore joint ventures, partnerships, and greenfield investments in target markets, leveraging India's competitive advantages in labor costs and technical expertise while accessing high-value manufacturing segments.