Prime Minister's Message to the Automobile Industry
Prime Minister Narendra Modi emphasized the collaboration between the government and the automobile industry to achieve self-reliance as India aims for the 'Viksit Bharat' goal. This was conveyed during the 65th annual convention of the Society of Indian Automobile Manufacturers (SIAM).
Key Themes From the Prime Minister's Message
- Investment and Collaboration Opportunities
- India is progressing towards smart and green mobility.
- Multiple investment avenues are available as a result of this transition.
- Role in the Economy
- The auto industry is a key driver of the Indian economy.
- It acts as a "torchbearer of the Make in India initiative".
- Bolsters India’s image as a "hub of automotive excellence".
- Sustainability and Innovation
- The sector's shift towards green technology and electric vehicles supports India's clean mobility goals.
- Innovations create new opportunities in design, manufacturing, and deployment.
Policy Support and Reforms
India's progress towards a future-ready transportation ecosystem is backed by strong policy frameworks and reforms. Finance Minister Nirmala Sitharaman has revamped the Goods and Services Tax (GST) to boost consumption across sectors, including the auto industry.
65th SIAM Annual Convention
The convention was held in New Delhi with the presence of senior government officials, policymakers, and industry leaders discussing the future of India's automotive sector under the theme of the Sustainable Mobility Paradigm for Viksit Bharat.
Remarks by the Union Road Transport and Highways Minister Nitin Gadkari
- The Union Road Transport and Highways Minister Nitin Gadkari addressed a "paid political campaign" against him related to the E20 rollout programme.
- He stated that the Supreme Court has rejected petitions questioning the E20 implementation.
- All testing agencies confirmed no issues with the implementation.
