Automobiles Exports
The Society of Indian Automobile Manufacturers has approached the Government to consider a rupee-based payment mechanism for trading with African nations such as Algeria and Nigeria. They have made suggestion to Department of Commerce to consider a rupee-based payment mechanism for trading with African nations.
The Department of Commerce, Government of India is yet to take a decision on their suggestion.
The quantum of total vehicle export in 2015-16 was US $ 8857 million and the share of vehicle export to Africa during this period was US $ 2011 million, which is about 23 % of total vehicle export during 2015-16.
This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises Shri Babul Supriyo in reply to a written question in the Lok Sabha today.
The Department of Commerce, Government of India is yet to take a decision on their suggestion.
The quantum of total vehicle export in 2015-16 was US $ 8857 million and the share of vehicle export to Africa during this period was US $ 2011 million, which is about 23 % of total vehicle export during 2015-16.
This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises Shri Babul Supriyo in reply to a written question in the Lok Sabha today.
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