NEW DELHI: Commerce and industry minister Piyush Goyal Monday said European carmakers would prefer to manufacture in India, as producing vehicles there would be uncompetitive due to the region’s regulations.“Finally India is going to become the global hub for car manufacturing. Everybody is going to come and manufacture in India and with Europe having such crazy regulations, it is going to be impossible to be competitive. All the European manufacturers will come to India,” he said at The Dilli Dialogue here. India has proposed duty cuts as part of the trade deals with the UK and EU.“I do not know if you are aware. Tatas had so much trouble after they bought Jaguar. Tata Motors itself was going to collapse and then they put in a lot of re-engineering, and shift some models to India…Finally they were able to make money after years,” he added.Addressing a meeting of the India-UK joint economic and trade committee, the minister said there was potential for the import of more Scotch, cars and supply of subsidiary products from the petroleum sector, key technology products from electronics and electrical equipment, and several medicaments.
