Moneycontrol PRO

business

Auto industry cries foul on Sri Lanka's 'anti-India' stand

The Indian auto industry has decided to scrap plans of organising an auto show in Sri Lanka after five years owing to the high duty rates in the country. The industry alleges that Sri Lankan government has adopted an "anti-India" stand in favour of China, reports CNBC-TV18's Ronojoy Banerjee.

first published: Dec 10, 2012 06:35 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347