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Automotive Mission Plan (AMP) 2016-26;
By IASToppers
November 27, 2019

Contents

Government Schemes & Policies

  • Automotive Mission Plan, 2026 finalized

 

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Government Schemes & Policies

Automotive Mission Plan, 2026 finalized

For the next decade 2016-26, another Automotive Mission Plan, 2026 has also been finalized jointly by the Government of India and Indian automotive industry.

Automotive-Mission-Plan,-2026-finalized-Government

ABOUT AUTOMOTIVE MISSION PLAN (AMP) 2016-26

  • Automotive Mission Plan 2026 has been finalized jointly by the Government of India and Indian Automotive Industry.
  • The AMP 2016-26 is aimed at bringing the Indian Automotive Industry among the top three of the world in engineering, manufacture and exports of vehicles & components; growing in value to over 12% of India GDP and generating an additional 65 million jobs.

OBJECTIVES

  • To propel the Indian Automotive industry to become the engine of the “Make in India” programme.
  • To make the Indian Automotive Industry a significant contributor to the “Skill India” programme.
  • Promote safe and comfortable mobility for every person, with an eye on environmental protection and affordability.
  • To seek increase of net exports of the Indian Automotive industry several fold.

BACKGROUND

  • The first Automotive Mission Plan (AMP) was taken during 2006-16 by Government of India and the India automotive industry.

Evaluation of AMP 2006-16

  • India has attracted significant quantum of investments from global and local original equipment manufacturers (OEMs) as well as component manufacturers, exceeding the target of Rs. 1,57,500 crores.
  • The Automotive industry has achieved the target of incremental employment creation of 25 million jobs over the period.

 [Ref: PIB]

 

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