Two sessions titled ‘Overcoming Mindsets’ and ‘Policy Alignment’ conducted at 56th Annual Convention of Society of Indian Automobile Manufacturers (SIAM) today discussed in detail about India transforming as auto export hub.
Addressing at the Session 3, Amitabh Kant, CEO, National Institution for Transforming India (NITI Aayog), highlighted various government initiatives to support industry.
Kant said, “GDP growth of 9-10 percent is a challenge. But during the past few years, 1,053 laws have been scrapped. The government is making all efforts to ensure India emerges as an easy place to do business. India needs to become an open economy.”
He said the country must produce to export – not just for the domestic market. The auto sector is a key driver for growth, productivity and employment. The Indian government is making many investments in building infrastructure. Mindsets need to be change to aim for consistent growth of 9-10 percent.”
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Speaking at a panel discussion, Girish Shankar, Secretary – Department of Heavy Industry, said the country is expected to grow into an export hub, contributing 12 percent of the GDP by 2026.
Shankar said the automotive industry will also be a key player in Skill India, creating around 65 million job opportunities.
Shankar also informed the Indian government would extend full support to reach targets in production, exports and technology.
A K Bhalla, Additional Secretary, Department of Commerce, revealed that the current contribution of the auto sector was 7 percent of the GDP. He stated that the Automotive Mission Plan (AMP 2026) target could be achieved and exceeded.
Abhay Damle, Joint Secretary – Ministry of Road Transport & Highways, spoke about challenges confronting the auto industry, such as fuel efficiency norms, scrapping policy and targeting low emissions.
Arun Tripathy, Advisor – Ministry of New & Renewable Energy, recommended that the auto industry should give importance to alternative fuel systems, such as battery-driven vehicles, which should be charged by solar energy.