SIAM hails Indian Finance Minister’s announcement

Society of Indian Automobile Manufacturers (SIAM) has Welcomed Indian Finance Minister  Nirmala Sitharaman’s second set of announcements for reviving growth to become a five trillion economy.
“A robust banking system is a necessity for the growth of an economy. PSB consolidation, growth-oriented recapitalisation and governance reforms are all progressive decisions to strengthen the banking system and give the right impetus to the Indian economy,” said Rajan Wadhera, President, SIAM.
He added that in the long run these announcements will have positive impact on the economy, consumer sentiments and in turn will benefit the auto Industry.

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