A day before the implementation of US’ additional 25 per cent tariff on Indian goods, Prime Minister Narendra Modi on Tuesday reiterated the Centre’s push for “swadeshi” goods during the inauguration of Maruti Suzuki India’s e-Vitara electric vehicle (EV) and battery manufacturing plant in Gujarat’s Hansalpur.
“My definition of ‘swadeshi’ is simple. I do not have any concern about whose money it is —whether it is in dollars or pounds, or whether it comes from white or black (people). What matters is that the sweat and the hard work should be Indian,” Modi said at the event. Indian exports will face duties of up to 50 per cent. It is among the highest the US has imposed.
American President Donald Trump had earlier announced the extra tariffs over India’s purchases of Russian oil.
Modi on Monday asked businessmen to display “swadeshi only” boards outside their shops as he reiterated India would not compromise on the interests of farmers and small businesses against the backdrop of the imposition of the additional US tariffs.
The PM called the EV production and battery manufacturing plant a new chapter and a big leap towards the goal of “Make in India, Make for the World”. He said EVs made in India would be exported to 100 countries. “Hybrid battery electrolyte manufacturing is also starting,” Modi said. The PM highlighted the transformation of India-Japan relations. He said Suzuki Japan was manufacturing in India, and the cars were exported to Japan. Modi added that it demonstrated the strong bond between the nations.
“Maruti Suzuki is the largest car exporter in India today. In a way, it has become the brand ambassador of ‘Make in India’. Now, the firm plans to replicate this success in the EV sector. Vehicles running in several countries will proudly bear the ‘Made in India’ tag.”
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