Dr. Mahendra Nath Pandey, Union Heavy Industries Minister has said that Indian Auto must go Global and look for a major share of global electric auto market. It will lead them to achieve size and scale. &nbsp;<br />'' <br />'' Addressing the Round Table Conference organized by the Ministry of Heavy Industries (MHI) today at Goa to Promote Electric Vehicles Mobility, Dr. Pandey called upon the Indian industry to benefit from great upcoming opportunities in sunrise areas. They can achieve global scale and internationally acceptable quality products, he said. &nbsp;<br />'' <br />'' The Minister further stated that growth of Auto Industry will certainly help to achieve India's commitment for &quot;Panchamrita&quot; given by Prime Minister Narendra Modi in COP 26 and give huge employment opportunities to Indian youth.&nbsp; He said, That there is a need to make India manufacturing hub of EV. He also mentioned that &nbsp;India's transition to Electric Mobility System can save Rs 20 lakh crore by 2030 on avoided oil imports alone.<br />'' <br />'' Referring to the Faster Adoption and Manufacturing of Hybrid and EV (FAME India II) scheme, He stated that the Ministry of Heavy Industries is supporting the ecosystem through our national flagship schemes such as Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India II) scheme, The scheme envisages supporting demand of 10 Lakh electric 2 Wheelers, 5 lakh Electric 3 Wheelers, 55,000 Electric Cars and 7,090 Electric Buses.<br />'' <br />'' Talking about the&nbsp;Production Linked Incentive (PLI) &nbsp;Scheme for Automobile and Auto Components, Dr. Pandey said that it will lead to a fresh investment of over ?42,500 crore and will create additional employment opportunities for over 7.5 lakh jobs, he added.<br />'' <br />''Ministers of Transport and Chief Secretaries/Senior Officers from States, Industry Leaders from Automotive Sector, Start-Ups and Technical Experts are participating in the conference. Shri Krishan Pal, Gurjar, Minister of State of Heavy Industries, Shri Arun Goel, Secretary, Heavy Industries participated in the conference. Shri Amitabh Kant, CEO, NITI Aayog delivered the Key Note address on the occasion.&nbsp;
News On AIR | December 4, 2021 7:36 PM
Growth of Auto Industry will help to achieve India's commitment for "Panchamrita" given by PM Modi in COP 26: Union Minister Mahendra Nath Pandey