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‘We’ll be the world’s top small carmaker’: Indian government

The Indian finance minister Palaniappan Chidambaram said on Friday that India can be a world leader in at least a dozen manufacturing industries such as automobiles, textiles, leather, handicrafts, food processing, steel and petroleum products.

"In the automobile revolution that is happening around us, we can be the world’s largest producer of small cars in three to five years," he said during an announcement on his government’s budget.

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