Need balance between tariff, non-tariff barriers to strengthen manufacturing sector: Mahindra CEO Anish Shah
Mahindra Group CEO and Managing Director Anish Shah on Thursday pitched for a balance between tariff and non-tariff barriers for a stronger manufacturing sector in the country. «Indian industry needs no protection. We've had no protection for the last 20 years and if we had protection, we would not have the quality that we have today,» Shah said, while speaking at the CNBC TV18 Global leadership summit here.
«With regard to duties, the questions are around non-tariff barriers along with tariff barriers… And frankly they should (be there) because that will put Indian manufacturing in a much stronger place,» he said.
He was responding to a question on whether India needs to impose import tariffs on companies such as Tesla as they look at entering the Indian market.
Emphasising that it has to be done together because if it is cheaper to manufacture cars outside the country, Indian companies will look at it and want to go to overseas markets, put up a plant and start importing to India, he said.
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