New Delhi.
The production of the country’s automobile component will increase to $ 145 billion, and exports triple from $ 20 billion to $ 60 billion, while 2-2.5 million new employment is projected. This growth will lead to an increase in excess of $ 25 billion in excess and significant growth.
In addition, this growth is expected to create 2-2.5 million new employment opportunities, bringing the general direct employment of the sector to 3-4 million, according to the report.
India has appeared as a four largest global producer in China, USA and Japan with annual 6 million vehicles.
Indian automotive industry has gained a strong internal and export market presentation, particularly in small car and utility. “Make it in India” and its value competitive labor, which India itself places as a car production and export hub, is indicated in the report.
It has been launched by Suman Berry, Vice President, Nit Aayog, in the presence of Dr. V.K. Sarasvat, member, NIT AAOG and other officials.
The automobile industry passes on the transformer movement of electric vehicles (EVS), which conducts stable mobility, regulatory pressures, carbon emissions and to reduce the advancement of battery technology. The sale of EV has grown in the world by transforming the automotive landscape.
In parallel, industry increases 4.0 transforms automobile production. Technologies such as artificial intelligence (AI), the Internet (ML), and the Internet (iot) and robotics strengthen production processes, improve productivity, reduce costs and greater flexibility.
This digital promotion not only optimizes production, but also promotes new business models focused on smart factories and connected vehicles, the report said.
The NITI ADAOG report also described a number of strategic fiscal and non-fiscal interventions aimed at increasing global competitiveness in India.
The interventions are based on four categories of automobile components based on their complexity and maturity of production, repair and complex. conventional and complex; conditional and simple; and developing and simple.
(Except for the title, this story has not been edited by NDTV staff and is published in syndicated feed).
