DPIIT steps led to investment commitments of over Rs 1100 cr from global tyre makers

Leading global tyre makers, including Bridgestone, Michelin, and Goodyear, are investing over Rs 1,100 crore in India following DPIIT's temporary permission to import specific tyres, in exchange for commitments to invest in local manufacturing. The DPIIT's successful initiatives in sectors like toys and tyres have prompted other ministries to consider similar measures, such as changes in custom duty rates and Quality Control Orders, to boost domestic manufacturing capacity.