India's Tyre Sector Opposes Free Trade Liberalisation

21 May 2024 CW Team

The Automotive Tyre Manufacturers' Association (ATMA) has raised concerns about the potential liberalisation of tyre imports through free trade agreements. The association emphasised that India's domestic tyre manufacturing capacity is sufficient to meet the country's demand and any move to liberalise imports could negatively impact the local industry.

ATMA's chairman, Satish Sharma, highlighted that the domestic industry has invested heavily to enhance its production capabilities and quality standards. He argued that liberalising tyre imports would undermine these investments and harm local manufacturers who have built substantial capacity to cater to both domestic and international markets.

The association also pointed out that India's tyre industry contributes significantly to the economy, providing employment and supporting ancillary industries. The import restrictions currently in place help protect these economic contributions. Furthermore, ATMA suggested that easing import restrictions could lead to an influx of substandard tyres, posing safety risks to consumers.

ATMA's stance comes amid discussions about India's trade policies and the potential for new trade agreements with various countries. The association urged the government to consider the potential repercussions on the domestic tyre sector before making any decisions regarding import liberalisation.

In conclusion, ATMA strongly advocated for maintaining the current import restrictions to safeguard the interests of the domestic tyre industry and ensure continued growth and safety in the sector.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..