Heavy Industries minister Anant Geete said Thursday that only policy formation is not enough and importance must be given to implementation, amid calls for stable policy from the auto industry.
Speaking at the annual convention of the Society of Indian Automobile Manufacturers (SIAM), the minister admitted that Indian auto industry was among the most highly taxed sectors and the government is preparing a comprehensive auto policy to address various issues faced by the industry.
"Only framing of policy isn't enough. We have to be aware of how to implement the policy," Geete said.
Various leaders from the automotive industry have soughtstable long-term policy and clear road map to prepare for future mobility, saying it would help companies plan their investments.
Geete further said any policy related to the auto industry should not be done in a hurry.
"We are coming up with a comprehensive auto policy which will address all the concerns of the industry," he said.
The minister also asked the industry to adapt to the changing times and accept challenges brought about by technological evolutions.
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